FindMyAdventure has raised $600,000 in Pre-Series A Round from a local Pakistani and expatriate consortium, said a statement issued by the startup. Statement didn’t say anything on the evaluation of the company.
Started in 2016, FindMyAdventure (FMA) is a Pakistani experience marketplace that aims to disrupt the travel ecosystem in the country.
Started in a living room with 4 individuals, and currently employs over 40 people, has on boarded over 300 online and offline operators, and serves over 30,000 customers.
In its short lifespan the company had secured six figure seed funding, gotten multiple grants, worked with the world’s biggest multinational companies, and made a name for itself as Pakistan’s firsta and only experience marketplace.
FindMyAdventure is one of the first startups that entered into digital tourism and experiences within Pakistan.
Since the domestic travel re-opened, FMA became one of the only travel service aggregators that took an active interest in the safety of its customers by providing them with safety kits and ensuring that its partners enforced all relevant SOPs. Sales began to skyrocket and targets were doubled, month on month.
“The faith which expatriate angels have shown in Pakistani tourism and us, is what has brought FMA here. Without their support, and the dedication of our team, the business would not have survived this hit.” said Komail Naqvi, Founder and CEO.
“In early March 2020, we were faced with a difficult choice, either to challenge ourselves, be confident in the country and our team’s resilience or to take an easy route of winding down. We certainly took the right decision. I am very excited to see the progress that FMA has achieved in digitization, team building, product development and truly believe that its just the beginning, not only for us at FMA, but the
start-up scene in the country as a whole.” said Muhammad Ovais Yousuf – Chairman, BoD – FMA.