The UAE-based regional classifieds giant Emerging Markets Property Group (EMPG) invested in daftarkhwan, a coworking startup from Lahore to ground its position in the Pakistani ecosystem and explore further digital opportunities in the property listing. The amount of the investment was, however, not disclosed.
“Daftarkhwan has moved on from hosting startups only to legacy businesses housing their employees at our co-working spaces. So co-working is working now and working for everyone. It’s all about delivering the right type of experience and giving the flexibility of service that can cater to mature businesses and young businesses,”
~Saad Idrees, Founder Daftarkhwan
Daftarkhwan raised its first round of angel investment in 2018, from Walled City Co, which has earlier backed startups like Airlift, GrocerApp, and Tazah. This seed funding by EMPG, which is also the parent company of Zameen.com, marks the second round of investment raised by the PropTech startup.
“Our sole focus right now is to continue doing what we are doing and do more of it.”
~ Saad Idrees, Founder daftarkhwan
Daftarkhwan is one of the pioneers of the coworking movement in Pakistan. It has 3 prime locations in Lahore and has a setup in Islamabad and Rawalpindi as well. It currently has the capacity to host 1,650 people each day. Daftarkhwan plans to scale it to over 3,000 people within the next three months.
“Daftarkhwan has always taken great pride in being more than just an office for its community of entrepreneurs and innovators, and we are excited to expand this community further.”
~Saad Idrees, Founder Daftarkhwan