Technology & E-commerce Valuation Multiples in Pakistan

Technology & E-commerce Valuation Multiples in Pakistan

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Kiran Bibi Broker Asked 1 month ago
What are the current typical valuation multiples (based on revenue or EBITDA) for tech startups and E-commerce businesses in the Pakistani market?
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3 Answers

Technology and e-commerce businesses in Pakistan generally enjoy higher valuation multiples because buyers see them as scalable, low-overhead, and well-positioned for continued digital growth. Most deals are based on revenue or EBITDA multiples, with stable, cash-flow-positive e-commerce brands often landing in the 2×–4× EBITDA range, while tech or SaaS models with recurring revenue can command even higher. The final multiple still depends heavily on clean financials, customer retention, brand strength, and how efficiently the business can grow without major added costs. When these pieces line up, sellers usually see strong demand and healthier valuations.
M Answered by M.Arham | 1 month ago
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In the Pakistani market, tech startups are typically valued at approximately 3× to 5× revenue, with EBITDA multiples generally applied only to profitable or mature companies. E-commerce businesses commonly attract valuations of around 2× to 3× revenue, while established and profitable operators may be valued at roughly 4× to 6× EBITDA, depending on growth prospects and financial stability.
N Answered by Neil Walter | 1 month ago
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In the Pakistani market today, smaller tech startups and e‑commerce ventures tend to attract modest valuation multiples compared with larger global peers: early‑stage or less profitable businesses often see revenue multiples around ~3×–8× depending on growth and traction, while more established, EBITDA‑positive operations may command **EBITDA multiples in the ~5×–10× range. These benchmarks reflect local investor caution, market risk perceptions, and limited exit track records, so strong growth or niche positioning can push valuations higher within those bands.
K Answered by Kamran Ali | 2 weeks ago
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