Venturing into the augmented reality arena, VentureDive has invested in a Karachi based augmented reality startup Taplando, with an aim to develop a range of Augmented Reality (AR) offerings.
Taplando is a game studio based out of Karachi, and all set to launch their first game in early 2018, with the target of getting their second game onto the Apple App Store’s Top 10 apps.
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Taplando is all set to be amongst the first Pakistani companies to completely develop AR mobile games in-house. Speaking on the occasion, CEO Taplando Muhammad Shariq said,
“This investment will help us a great deal towards establishing a strong base. VentureDive has already made a mark within the technology sector; it is one of those rare companies that have the courage to invest in early-stage startups. I believe that working together with VentureDive, Taplando will be the next billion dollar company in their portfolio.”
Augmented Reality has been quite the buzzword these days especially with the recent developments in smartphone technologies. Therefore, as part of its vision to help foster regional entrepreneurship and technological innovation, VentureDive is constantly on the lookout for new technology start-ups to support and with which to partner.
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Saad Fazil, MD Venture Dive speaking about the partnership said,
“As a technology company, it is essential that VentureDive constantly stays at the forefront of all developments. Augmented Reality is currently at the cutting edge of mobile games and applications and will revolutionize the global entertainment and information landscape. Given Shariq’s passion and creativity, investing in Taplando was a no-brainer. For the future, we will continue to seek out similar opportunities, to help us stay ahead of the curve and ensure that we create and invest in products and solutions that are geared around adding value and providing solid entertainment.”
VentureDive is one of the fastest growing technology company in the region that was started by four Stanford and MIT graduates who met while working in Silicon Valley, and decided to set the groundwork for a world-class technology organization in Pakistan.