Recent revelations have highlighted a significant disparity between the promises made on Shark Tank Pakistan and the reality faced by startups. Of the 36 deals offered during the show, only 4 secured actual funding after due diligence. Ali Khan Swati, a participant who leads Layesha and Red Tale Studio, shared his experience on social media, noting that while his startup received investment soon after airing, it was from different investors with terms that better suited his vision. He was notably excluded from the show’s official due diligence process.
Swati’s account underscores the struggles many startups face after the cameras stop rolling. Despite following procedures and submitting extensive paperwork, many entrepreneurs ultimately walked away without the promised investment. This discrepancy has sparked discussions about the show’s effectiveness, with the conversion rate painting a sobering picture.
Beyond the show, Pakistan’s startup ecosystem is grappling with broader challenges. Economic instability, high inflation, and a depreciating rupee have deterred investors, while startups also face regulatory hurdles and a lack of skilled talent. The current environment, termed a “venture winter,” emphasizes rapid growth over sustainable profits, complicating efforts to secure early-stage funding.
In response, a new show titled “Bazaar” is set to launch in 2026, aiming to provide startups with visibility, funding, and mentorship. This joint initiative by ARY Digital Network and PakLaunch will feature a panel of investors, mentors, a live equity exchange, and crowdfunding options. Mentors will gain a small equity stake in the businesses they support, incentivizing meaningful guidance. However, whether “Bazaar” can address the deep-rooted issues in Pakistan’s startup landscape remains to be seen. The initiative promises exposure and capital, but its success in fostering a resilient ecosystem will unfold over time.
