Karachi-based DealCart operates an online grocery site while NayaPay is a fintech startup that offers a payments processing platform. Both companies have been included in the fourth annual Forbes Asia 100 to Watch 2024 list.

It is to be noted here that companies from 16 countries were included in this year’s list, operating in a total of 10 industries, such as enterprise technology and robotics, finance, manufacturing, and energy.

“Collectively, these firms have drawn over $2 billion in total investments to date, with 83 of them raising money since the start of 2023–even as venture capital funding in the region hit a seven-year low last year.

“Some companies we’ve spotlighted tell a story of steady growth, underscoring that success is not an overnight feat. Others have quickly gained traction to secure a foothold in some of the world’s hottest industries, such as spacetech, biotech and robotics, where a race is on to corner the first-mover advantage,” Forbes said.