UAE-Based NextGenI Closes an Acquihire deal with Pakistani Startup Roshni Rides
Wednesday, November 20, 2019
Roshni Rides, a Pakistan-based leading tech startup that provides a carpooling solution specifically to children and women has recently acqui-hired talent from NextGenI, a UAE-based leading consulting firm that specializes in building technology product teams for clients in Western Europe, GCC, and Pakistan.
Announced at DotZero Karachi, Pakistan, NextGenI’s Founder Farzal Dojki kick-started the ceremony by reminiscing his invigorating journey of working with startups and building their technology team over the past five years. While talking to the press, he shared “We operate on an acquihire model – we build a dual-shore tech team in 4 to 12 weeks, assign a potential CTO and run the team for 12 to 36 months until Series A or Series B; this triggers acquihire & transfers the day to day running of the team to the principal. We’ve now executed 4 such acquihires since 2015, and currently, operate teams for 8 Seed-stage startups”.
Photo courtesy of Ronit Bhattacharjee.
Source: MENAFN Business (link opens in a new window)