Pakistani travel startup YUGO.pk raises seed investment

LAHORE: YUGO.pk, incubated at the technology incubator of Punjab Information Technology Board (PITB), Plan 9 in their 12th cohort, has successfully raised seed investment, a statement said.

The seed investment has been raised from Syed Sheharyar Ali, executive director of Treet Group of Companies, it added.

Claiming to be Pakistan’s first online travel website, YUGO.pk was founded in 2017 for offering potential tourists to create their own customised travel packages for all major foreign destinations, especially Europe, Far East, the Middle East and North Africa.

PITB chairman Azfar Manzoor said: “It is encouraging to see Pakistan emerging on the global map as one of the leading South Asian countries producing impactful startups. Our technology incubator Plan 9 is committed to empowering aspiring entrepreneurs and YUGO.pk is one of success stories.”

“I believe tourism is going to see a surge in [the] near future, as many countries are now gradually re-opening to welcome tourists. YUGO.pk has great potential and is guided by the vision to strengthen the local tourism market,” Treet Group of Companies executive director Syed Sheharyar said.

“Since its launch, YUGO.pk has helped thousands of tourists book different types of trips from short city breaks to month-long international tours. We’re thankful to Plan 9 for their support and guidance and to Syed Sheharyar Ali for his trust in us,” Ahmed Hannan said.

Plan 9, Pakistan’s largest technology incubator, aims at instilling the culture of tech entrepreneurship and achieving sustainable growth for early stage startups.