TPL e-Ventures, Venture Capital arm of TPL Corp, has signed an investment and partnership agreement with TelloTalk, Inc - Pakistan's homegrown social and corporate messaging platform.
Ali Sameer, CEO TPL e-Ventures and Shahbaz Jamote, CEO TelloTalk formally signed the agreement. The strategic partnership aims to accelerate the digitization of Pakistan's economy by introducing a hyper-localized messaging platform that allows people to communicate, share content, transfer payments and transact with businesses.
TelloTalk's messaging platform addresses the shortcomings of global social media applications by providing privacy and data security through local hosting of its technology stack.
Besides text, voice and video calling, the platform provides curated content in Urdu, English, Sindhi, Pashto, Punjabi, Balochi and other regional languages. Users can view live TV, watch Pakistani dramas and listen to the latest desi tunes on live radio. An in-built media player offers thousands of local songs, videos and Islamic content without the need to switch to other applications.
Ali Sameer, CEO of TPL e-Ventures said that TelloTalk is a testament to the incredible talent that exists in Pakistan's tech ecosystem and what the TelloTalk team has built is incredibly innovative, disruptive and astonishing in its breath and scope.
"Pakistan, with a young and burgeoning population of over 200 million, can leapfrog into the digital age by adopting a local platform like TelloTalk. We envision this platform spreading beyond the borders of our nation to service other emerging markets around the globe," he added.
Shahbaz Jamote, CEO TelloTalk said that TelloTalk is extremely grateful for the faith entrusted in us by TPL e-Ventures, and our team is excited by the collaborative growth this alliance unlocks.
Incorporated in November 2017, TPL e-Ventures is the newest undertaking by Pakistan's tech giant, TPL Corp. TPL e-Ventures (Private) Limited aims to invest in multiple startups across industries with a vision to build a world class platform known for catalyzing high potential/high-impact entrepreneurs.
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