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Pakistani Social Networking Company Naseeb Gets Second Round Funding

We don’t necessarily cover Pakistan, but this is an interesting funding in a country where brand name VCs don’t usually do digital media investments: Naseeb Networks, a Pakistani online recruitment, social networking, and classifieds company, has received an undisclosed amount of venture investment from two Silicon Valley VC firms, ePlanet Ventures and Draper Fisher Jurvetson. Naseeb will use the funding to accelerate its growth and leadership position in target markets by investing in sales force and marketing expansion and enhancing its product portfolio.

The company runs a social network at Naseeb.com (sounds more of a matrimonial site though it doesn’t explicitly say so), online jobs site Rozee.pk and three other sites. The company, which was founded in 2003, says it has been cash flow positive since 2004, and has 42 employees across its offices in Pakistan and San Jose in California. It said it did a seed round from angel investors including executives from Paypal, LinkedIn, Excite and Cisco (NSDQ: CSCO). More details in the release here.

Jan 23, 2008 6:46 PM ET

Posted In: Jobs & Layoffs, Money, M&A & Venture Capital, Venture Capital, Social Media, draper fisher jurvetson, eplanet ventures

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Comments (4)

Jan 25, 2008 6:48 AM

naseeb isn’t a pakistani social networking site, it is an american muslim networking site

irena

Jan 26, 2008 2:09 AM

The only social network specially targeting Pakistanis is PakAlumni WorldWide at http://www.pakalumni.com
It calls itself a “Global Social Network for Pakistanis”.

Riaz Haq

Mar 28, 2008 12:25 PM

Naseeb sucks!!! old user base in europe ... need proper facelift

JobDaddy.Pk

Feb 17, 2009 11:54 AM

Social Networking site in Pakistan seems to be a bad idea at this point of time. A site on how to become a terrorist will fare really well there.

Jobs Consultants Delhi

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