SHANGHAI -- Venture capital firm Gobi Partners said on Thursday that it plans to raise $50 million for an investment fund targeting startups in Pakistan, the largest of its kind in the South Asian country.
Techxila Fund 2 is the second Pakistan-focused fund launched by Gobi, which is based in Malaysia and Hong Kong. It targets early stage startups in the seed to series B phases, investing up to $3 million per deal. It has already made two investments -- fintech company Qist Bazaar and insurance venture Waada.
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