RemoteBase, a Pakistani technology company, has raised $1.4 million in a seed investment round led by Indus Valley Capital, equivalent to nearly 22 crore rupees.
RemoteBase links Pakistani software engineers and developers with Silicon Valley firms, allowing Pakistani talent to gain international exposure.
Aatif Awan of Indus Valley Capital, who has made major investments in Pakistan’s tech ecosystem, led the seed round, which is one of the largest for any Pakistani company. Before entering the venture capital world, Awan worked as a Vice President at LinkedIn, a prominent professional networking app.
“Remotebase is a critical piece of the puzzle for Pakistan’s tech ecosystem to earn its well-deserved place in the world,” Aatif Awan said. Remotebase will assist Pakistani talent in meeting this demand and gaining experience with the best startups around the world as tech companies move to the cloud. This would increase the availability of skilled tech talent in the country over time, helping all local businesses. We’re ecstatic about our mission alignment with Remotebase and look forward to supporting them.”
3E svg percent Qasim Asad Salam and Talha Masood, two tech entrepreneurs, created RemoteBase less than a year ago. The business took advantage of the pandemic and built a win-win situation for both Silicon Valley companies and Pakistani entrepreneurs, who were able to learn from some of the best companies in the world.
“RemoteBase is all set to totally disrupt how work is done,” Qasim told the Daily Times. As a long-time remote worker, I’ve always been passionate about empowering people to create businesses entirely in the cloud and giving them access to top talent from all over the world. What better place to launch the business than Pakistan, a country where I have personally witnessed an abundance of talent and super-hungry individuals eager to learn and grow.”
Qasim, who has also worked in Silicon Valley, believes that Pakistani engineers are on par with the best in the world, but that they lack the right guidance and opportunities. “We want to change that with RemoteBase,” the young tech entrepreneur said.
Tim Draper, a US billionaire who has invested in Skype, Twitter, and Hotmail, has put money into this Pakistani startup, believing it has the potential to massively disrupt the global tech ecosystem.
“Knowing Qasim and seeing him work right outside my office, I can say that he and his team will take Remotebase to the moon,” Tim Draper said. We are very proud of what they have accomplished so far, and we are excited to assist him and his team on this amazing journey.” 3E svg percent
RemoteBase took advantage of the pandemic by allowing Pakistani software engineers and developers to work directly with Silicon Valley firms, resulting in a business model that attracted one of Pakistan’s largest seed rounds.
Pakistan’s tech ecosystem is rapidly expanding and has the potential to generate substantial foreign currency while also creating lucrative job opportunities for Pakistan’s youth.
Technology startups have the ability to generate high-paying jobs for Pakistani graduates while also increasing the country’s foreign exchange earnings.
COVID-19 has also made it possible for businesses to operate remotely. RemoteBase works with Silicon Valley companies to recruit, employ, train, and position Pakistani software engineers and developers. Google, Facebook, and Apple are all well-known Silicon Valley firms.
Umar Saif, one of Pakistan’s most outspoken proponents of the software ecosystem, has also collaborated with Qasim Salam. “I am super proud of Qasim and his team on the fundraise,” Umar Saif said of the recent investment. I can see Remotebase playing a key role in putting Pakistan on the global map, based on what I’ve seen him do in the past.
“As businesses move to the cloud, they’re looking for software developers from all over the world, and Pakistan stands to gain a lot from this. Pakistani engineers are among the most talented engineers with whom I have previously collaborated. All they need is good training and guidance, which I believe Remotebase can provide,” Umar Saif added. 3E svg percent
RemoteBase currently employs 40 software engineers, but after receiving this funding, the company expects to recruit 150+ Pakistani engineers by the end of 2021.
“No person should be discriminated against on the basis of race, colour, nationality, or gender, and the world as a whole should be made more inclusive,” said Talha Masood, co-founder of RemoteBase.
“I’ve spent my whole life working remotely for Silicon Valley businesses, and it’s been an amazing journey. I had a lot of freedom, did important work, and learned from some of the best companies in the world. One of them grew into a multibillion-dollar company. Talha Masood said, “I want other Pakistani engineers to have the same experiences and opportunities that I did.” Remotebase plans to use this new round of funding to recruit more engineers, power Remotebase hackathons, and inspire women to pursue careers in technology through Remotebase for Women.