Sastaticket.pk announced on the 10thof November 2018, at the 021 Disrupt Conference, that it has secured US$1.5 M for its Series A, led by regional venture capital firm Gobi Partners. The investment marks Gobi’s first venture into the Pakistani market and adds another pioneering company to its growing TaqwaTech portfolio.
Sastaticket.pk was founded in 2016 and the amazing brother duo, Shazil and Bilal Mehkri offer domestic travelers a way to book and pay for flights and hotels instantly online. Ever since its launch in 2016, the platform has experienced significant growth in GMV at 125% YoY, and number of orders at 155% YoY, and has over one million flight searches per month, indicating a clear market demand for the platform. Today, Sastaticket.pk is Pakistan’s largest OTA in terms of flight booking volume. The company is also currently the country’s largest one-stop web platform for all travel-related services.
The company has consistently delivered sound growth and demonstrated technical expertise; they have articulated a clear vision to solve problems faced by Pakistani travelers. “With this round of funding and access to Gobi’s wealth of experience in the online travel sector across Asia, we are excited to enhance our products and services. This funding will help us increase our scale, recruit top talent, and increase our development speed in critical segments such as Islamic tourism,” said Shazil.