Peter Thiel backs electronics marketplace PriceOye in maiden Pakistan investment

A Pakistani startup, which has taken inspiration from China’s JD.com and India’s Flipkart to build a managed marketplace of electronics products, said on Tuesday it has raised seed funding from scores of investors including PayPal founder Peter Thiel.
Launched in March 2020 — just two weeks before the COVID-19 pandemic ravaged the world — the Islamabad-based startup PriceOye offers a range of electronics products, including smartphones, TVs and home appliances.
Its seed funding round was led by JAM Fund, a venture capital firm by Tinder founder Justin Mateen. The institutional fund

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