Pakistani co-working firm banks $3m in seed money

Colabs, a Pakistan-based flexible workspace startup, has raised US$3 million in a seed round led by Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures.

Team Colabs / Photo credit: Colabs

Colabs was founded in 2019 by Omar Shah, a former private equity and venture investor, and his twin brother Ali Shah, who operates a family-run real estate firm.

It started as a co-working platform but has evolved to offer additional services and tools to entrepreneurs and freelancers, including educational bootcamps and back-office solutions.

The fresh capital will be used to form a community of 100,000 entrepreneurs and freelancers in Pakistan, starting with 10,000 members within the next two years. Colabs will also be expanding across major cities in the country like Karachi and Islamabad.

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