OUR PHILOSOPHY
ENIGMA'S PHILOSOPHY
We prudently identify, critically invest, and ambitiously accelerate startups to build phenomenal companies.
We are passionate about Pakistan and building great companies. We’re super excited about the opportunities which Pakistan presents, but are equally mindful of the challenges. The tech startup space in Pakistan is in its nascent stage and only a more critical and robust approach will result in transforming the start-ups into successful companies. In the last few years, we have seen a more traditional and handoffs approach to venture funding in Pakistan and believe that approach hasn’t worked well. We would like to do things differently and take a more prudent, critical and involved approach to build successful companies in Pakistan.
Prudent Identify
Amazing founders simply doesn’t cut it for us, we are looking for more. Our extremely prudent and exhaustive method provides us insights to discover amazing founders, businesses and industries.
Critically Invest
Pakistan is not Silicon Valley. We don’t believe in overpriced valuations, as it does not generate value for any of the stakeholders. Through our strong understanding of Pakistan market, we understand how much should be invested in a venture and what return should be expected from it.
Ambitiously Accelerate
We are passionate about strengthening our founders and making them successful. Our Transparent approach enables to build a strong trust bond between us and the founders, opening avenues of effective collaboration and enabling them to evolve into high performance founders. In addition, we have an unparalleled access to specialists, government and industry contact to unlock opportunities faster.
OUR FOCUS
Focused and optimistic about the local tech start-up ecosystem
OUR APPROACH
Operational expertise and research backed investment decisions
OUR PHILOSOPHY
Provide the right strategic support, network and vision to build success stories out of Pakistan
“To achieve greatness, you need to work with great people”
NAUMAN SIKANDAR MIRZA - FOUNDER OF ENIGMA VENTURES
EX CEO FOODPANDA AND EATOYE
PORTFOLIO
Investment Portfolio
Nauman Sikandar Mirza
CEO AND GENERAL PARTNER
Enigma is brainchild of Nauman S. Mirza—a serial entrepreneur with vast experience spanning over a decade of working in the tech space in Pakistan. Under Nauman’s vision Foodpanda and all its ventures, strategic guidance & leadership and becoming market leaders in their respective segments is a testament to his entrepreneurship.
Moreover, Nauman is a strategic angel investor in many rising start-ups of Pakistan such as Jugnu.
Shahzad F. Naqi
GENERAL PARTNER & CFO
Introducing Shahzad F. Naqi—General Partner & CFO—is a seasoned entrepreneur with a diversified experience, spanning over two decades, of launching & running successful companies in trading, manufacturing & service sectors while working closely with Fortune 500 companies.
Owing to his knack for picking up good investments, Shahzad was also an early-stage Investor in EatOye! & shares the unique accomplishment of the first tech-exit in Pakistan with Nauman.
Ammar Zindani
START-UP EXPLORER
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Ajlal Bawani
START-UP EXPLORER
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Ahzam Siddique
RESEARCH ASSOCIATE
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Faheel Khan
RESEARCH ASSOCIATE
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