About Silkbank
Silkbank is a company based in Karachi (Pakistan) founded in 2001 was acquired by IFC in March 2008.. Silkbank operates in a competitive market with competitors including HBL, Bank Alfalah, Scotiabank, UBL Digital and JS Bank, among others.
- Headquarter Karachi, Pakistan
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Bank Muscat
& 4 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of Silkbank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Seed - Silkbank | Valuation | Arif Habib |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Silkbank
Silkbank has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include Bank Muscat, International Finance Corporation and Nomura. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Holding company with investments in chemicals, fertilizers, financial services, steel, cement, and real estate in Pakistan.
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Founded Year | Domain | Location | |
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Commercial bank
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Founded Year | Domain | Location | |
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Silkbank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Silkbank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Silkbank Comparisons
Competitors of Silkbank
Silkbank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HBL, Bank Alfalah, Scotiabank, UBL Digital and JS Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking services are offered by HBL in Pakistan.
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| domain | founded_year | HQ Location |
Financial solutions are offered to consumers, corporations, institutions, and governments.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
A commercial bank providing deposits, loans, and payment services to customers.
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| domain | founded_year | HQ Location |
Offers commercial banking services, including deposits, loans, and payment solutions for customers.
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| domain | founded_year | HQ Location |
Operates as a diversified financial institution offering banking services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Silkbank
Frequently Asked Questions about Silkbank
When was Silkbank founded?
Silkbank was founded in 2001 and raised its 1st funding round 14 years after it was founded.
Where is Silkbank located?
Silkbank is headquartered in Karachi, Pakistan. It is registered at Karachi, Sindh, Pakistan.
Who is the current CEO of Silkbank?
Shahram Raza Bakhtiari is the current CEO of Silkbank.
What does Silkbank do?
Silkbank was established in 2001 in Karachi, Pakistan, as a diversified financial institution. Banking and related financial services are provided to support various economic activities. Operations are based in Karachi, with a focus on the domestic market. The institution is led by CEO and President Shahram Raza Bakhtiari. Standard financial products and advisory services are extended to clients throughout Pakistan.
Who are the top competitors of Silkbank?
Silkbank's top competitors include Scotiabank, HBL and Bank Alfalah.
Who are Silkbank's investors?
Silkbank has 5 investors. Key investors include Bank Muscat, International Finance Corporation, Nomura, Saudi Pak Industrial And Agricultural Investment Company, and Arif Habib Group.
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