In brief: Gobi Partners makes first Pakistani investment, leads $1.5m round in travel startup

Sastaticket.pk, an online travel agency (OTA) based in Karachi, Pakistan, announced today that it has secured US$1.5 million for its series A round, led by regional venture capital firm Gobi Partners. The investment marks Gobi’s first venture into the Pakistani market.

Founded in September 2016 by brothers Shazil and Bilal Mehkri, Sastaticket.pk offers domestic travelers a way to book and pay for flights and hotels instantly online. Ever since its launch in 2016, the platform has grown its gross merchandise volume by 125 percent year-on-year, and the number of orders by 155 percent year-on-year, and has over one million flight searches per month.

Source: Press release