Startup investment cheque bounce Karachi?
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“We’ve been getting a few startup investment cheque bounces, in recent weeks, a bit of a bummer when your startup is still so young and you’re counting on early investors to fund your future growth. The most common scenario is that the investment was made online (or from a debit card, or credit card or wire transfer) through a reputable finance portal. The cheque bounce is caused by a lack of proper funds on the platform to meet the investment. Several factors, such as a lack
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In 2012, we started a new venture in Karachi, Pakistan. This was my biggest dream come true, and I worked day and night to make it work. My team and I started working on various projects, all of them on time and within budget. And then, one of our investors, Mr. XYZ, started working with us. Everything was going well until Mr. XYZ asked for a cheque in the amount of PKR 100,000,000 (one hundred million), to
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Topic: Startup investment cheque bounce Karachi? best site Section: Best Law Firm Near Phase 2 Ext DHA Karachi In first-person tense (I, me, my) — Investment Bounce: When the cheque bounced! I am a seasoned attorney at an esteemed law firm in Karachi, Pakistan. Investment Bounce: When the cheque bounced! I am a seasoned attorney at an esteemed law firm in Karachi, Pakistan. S
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When I heard about a start-up company in Karachi that received a start-up investment cheque of over Tk 100,000/- from a foreign investor, I was extremely excited, as this was something I had never heard of. But, just a few weeks after that, the cheque bounced! It turns out that the cheque was sent in a high-security envelope to an address in the UK that the local financial institutions were unaware of. And, as a result, it wasn’t received by any of
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In 2017, Karachi witnessed a bone-chilling case of cheque bounce in which a start-up faced a huge loss. Karachi’s top entrepreneurs have shared that investors can’t wait to run away with their investments after such losses. This Site But with a growing number of cheques getting returned or returned with a wrong denomination, Karachi’s startups are suffering a loss. It seems cheques are getting returned by cheque-book bankers to the startups after an initial exchange of funds has been done
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