VentureSouq, the UAE-based VC fund, has led a $12 million Pre-Series B funding round for Bangladeshi startup, Pathao, with participation from Anchorless Bangladesh, The Osiris Group, South Asia Technology Partners, and Openspace Ventures.

More to Know:

• Pathao is a super app providing food delivery, ride-hailing, digital wallets, BNPL, and other services.
• It was founded in 2015 by Fahim Saleh, Hussien Elius, and Shifat Adnan.
• The funds will be used to accelerate the company’s shift into fintech services.
• Pathao says it serves over 5 million professionals and more than 500K small companies.
• With this round, the total capital raised by the company increased to $50 million.