LAHORE – Young entrepreneurs showcased several interesting new business ideas at Startup Lahore, where more than 150 entrepreneurs, over 30 angel investors, and 3,000 attendees gathered on Thursday and Friday for the biggest startup event in the country.
The event, hosted by the MIT Enterprise Forum – Pakistan and Information Technology University at the Arfa Software Technology Park, was a two-day conference bringing together investors, entrepreneurs, mentors, speakers, technology companies, accelerators and media in an initiative to boost the country’s growing startup ecosystem.
Ever participated in a ‘committee’? The youngsters behind Gallaa are taking the concept to the next level. Think of this like an online savings group.
Gallaa defines itself as an online facilitation platform digitising the committees market. The youngsters behind the business idea say they will provide a mechanism to verify individuals who can then participate in the online savings group while building their reputation ratings at Gallaa.
The startup aims to become a savings marketplace by utilising modern technology breakthroughs in mobile payments and financial inclusion.
“Picture a shopkeeper in Karachi desiring to finance the purchase of his next shipment of products and 1300 miles away, a young professional in Lahore who is planning for his upcoming wedding.
With the common goal of saving for an impending need, Gallaa will bring together the Karachi shopkeeper and the young professional in Lahore, allowing both to meet their savings goals,” explains the people behind Gallaa.