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Vopium is a Danish-Pakistani venture focusing on allowing almost free calls and messaging services irrespective of your location or network. The Denmark-based company was founded in 2006 by Tanveer Sharif, Imran Sadiq and Brian Sussemiehl who had previous experience with development of mobile applications.
As we covered the company in June, it has acquired up to $6.4 million in VC funding and is faring quite well. They started their operations in Lahore, Pakistan in 2003 (all the techy stuff was developed here) and they currently employ 50 persons. Tanveer Sharif recently told me in a conversation that they are planning to double this figure before end of 2009.
Tanveer also said that VC funding is not always a blessing though it does help in building a successful company.
As for the VC funding, let me assure you that it is not always a blessing. We have raised USD 6.8M last year, and we would love to help other Pakistani companies to achieve financial injections. I am a member of a Danish Pakistani group that helps companies establish themselves in Pakistan, and I am helping companies like Getmore, Youpark, Gatefone etc to get the right people as well as finances.
He also added that despite the current financial and political turmoil and also many scary stories of working in this country, which he refused to narrate, he will continue investing in Pakistan.
| Written by Saad Khan on 10/28/08 in Software & I.T., General |
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I would narrate two personal experiences here to solidify my claim. National Savings is a big financial institution of Pakistan under the control of the federal government. The organization has millions of depositors and thousands of employees. If you happen to visit any National Savings center the first thing you would notice is a long queue of customers and a general sense of clutter and mayhem. This is because the organization has not yet computerized its procedures and still employs the age old system of keeping registers or ‘Khatas’ as they are known in Urdu. Now that is a very lengthy procedure of going through the piles of decades old registers and finding the details and takes a lot of time. These centers have got computers? Yes they have but they are not using them because there is no database of customers and they are placed to just give the place a techy look.Now let’s move to our very own district courts or Kutcheries. Everyone has to visit these places for a variety of reasons and they are still using centuries old system of ‘data warehousing’. The record offices often times catch fire and the precious data is lost.The plan for incorporating e-Govt modules in Pakistan was envisaged in 2002 and an
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