{"id":11635,"date":"2023-02-22T11:13:27","date_gmt":"2023-02-22T06:13:27","guid":{"rendered":"https:\/\/pakorbit.com\/?p=11635"},"modified":"2023-02-22T11:13:27","modified_gmt":"2023-02-22T06:13:27","slug":"pakistani-startup-lokal-raises-funding-from-international-investors-at-10m-valuation","status":"publish","type":"post","link":"https:\/\/pakorbit.com\/2023\/02\/pakistani-startup-lokal-raises-funding-from-international-investors-at-10m-valuation\/","title":{"rendered":"Pakistani Startup LOKAL Raises Funding From International Investors at $10M Valuation"},"content":{"rendered":"

One Pakistani startup is breaking new ground with its innovative business model and attracting the attention of international investors.<\/p>\n

LOKAL is a ground-breaking hospitality startup on a mission to democratize access to local travel and communities. International investors recently provided pre-seed funding to the company, which will be used to fuel its growth and expansion plans.<\/p>\n

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Currently, Lokal is focused on expanding its operations within Pakistan, with plans to later expand to other emerging markets in the MENA and Southeast Asia regions.<\/p>\n

Lokal is solving the foremost issue faced by most travelers: the lack of safe, reliable, and affordable accommodation in emerging markets.<\/p>\n

With luxury chains out of budget, and booking platforms having no control on the actual staying experience, finding a quality budget accommodation is a real inhibitor to travelling locally in many of these markets.<\/p>\n

To change this, Lokal is creating a network of standardized budget hotel rooms that offer travelers safe, reliable, and high-quality stays. Lokal appears to be ahead of the curve with a business model focused on unit positive economics rather than rapid growth at all cost.<\/p>\n

The founding team, drawing on their leadership experiences at companies such as Procter & Gamble and Coca-Cola, chose to pursue a sustainable approach to growth, which has caught the attention of investors seeking to fund startups with a clear path to profitability.<\/p>\n","protected":false},"excerpt":{"rendered":"

One Pakistani startup is breaking new ground with its innovative business model and attracting the attention of international investors. LOKAL is a ground-breaking hospitality startup on a mission to democratize access to local travel and communities. International investors recently provided pre-seed funding to the company, which will be used to fuel its growth and expansion […]<\/p>\n","protected":false},"author":6,"featured_media":11636,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3371],"tags":[20709,20708,20707,5279],"_links":{"self":[{"href":"https:\/\/pakorbit.com\/wp-json\/wp\/v2\/posts\/11635"}],"collection":[{"href":"https:\/\/pakorbit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakorbit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakorbit.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/pakorbit.com\/wp-json\/wp\/v2\/comments?post=11635"}],"version-history":[{"count":0,"href":"https:\/\/pakorbit.com\/wp-json\/wp\/v2\/posts\/11635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakorbit.com\/wp-json\/wp\/v2\/media\/11636"}],"wp:attachment":[{"href":"https:\/\/pakorbit.com\/wp-json\/wp\/v2\/media?parent=11635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakorbit.com\/wp-json\/wp\/v2\/categories?post=11635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakorbit.com\/wp-json\/wp\/v2\/tags?post=11635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}