Business Desk 
Mar 19, 2025
Dubai technology firm Yango Group, which runs ride-hailing businesses in Pakistan, has established a $20 million corporate venture fund to invest in early-stage startups in the Middle East, North Africa, Pakistan (MENAP), Sub-Saharan Africa, and Latin America.
The newly founded Yango Ventures will invest in startups from the seed to the Series B phases, mainly in areas such as online-to-offline (O2O) services, business-to-business software-as-a-service (SaaS), and fintech. The fund will enable high-growth startups to grow by offering funds, business insight, and strategy.
A Yango Group representative stressed that although the company will not get involved in the day-to-day activities, it will provide mentorship and networking to entrepreneurs who need assistance.
For Series A firms, Yango Ventures' "sweet spot," the fund is aiming for a 10-20 times return over an undefined time. The project is a piece of Yango's larger plan to move beyond ride-hailing and invest in fintech, entertainment, and AI-based services.
Yango Group CEO Daniil Shuleyko highlighted the company's commitment to fostering innovation, saying, “We’re more than a tech company; we are an ecosystem committed to empowering entrepreneurs worldwide.”
While Yango Ventures has yet to announce specific investments, the company confirmed that discussions are underway with promising startups that align with its focus areas. The fund, starting with $20 million in committed capital, may expand depending on the success of initial investments.
