Technology
A Japanese investment firm will make an investment in Pakistan's technology industry.
A Japanese company has launched an investment arm in Pakistan to look at prospective firms amid increased development and promise in the country's digital sector.
According to Business Recorder, Tokyo-based Bold Investment will focus on the technology industry and assist in building their operations through investments and acquisitions. Its expanded management position will be based on its previous expertise creating, growing, and turning around other enterprises. ITL Holdings Co., Ltd., a Bold investment group business, purchased interests in Ogitsu Co., Ltd. and six of its group businesses in Japan in March 2021.
According to the organization, mergers and acquisitions remain an important element of the corporate landscape, a model that many think has yet to take hold in the country. According to the company, the focus for acquisition and investment will continue to be on enterprises founded by passionate entrepreneurs with a solid basis.
“As an international corporate development group, we see great potential in the Pakistani market to work with tech entrepreneurs and companies to create a long term relationship for a fast paced growth,” said Casey Shiga, who leads the International Merger and Acquisition Division at Bold Investment.
As Pakistan's digital sector evolves, Bold Investments' presence is anticipated to provide entrepreneurs with a long-term finance and exit solution. Its IT exports alone have surpassed $2 billion, owing to the country's digital adoption, which has seen cellular subscriptions hit 183 million and broadband/mobile broadband penetration exceed 43 percent.
Bold Investment has invested in and purchased businesses all across the world, including Japan, the United Kingdom, and Asia. With its entry into Pakistan, the company intends to be an active catalyst in the Pakistani M&A market.
