Material Information of TPL Corporation Limited

Karachi, TPL Corporation Limited informed Pakistan Stock Exchange hat Rider, in which TPL E-Ventures, a wholly owned subsidiary of TPL Corp Limited, owns around 27% stake, has successfully raised seed funding of $3.1 million for its business.

This seed funding round includes investment from Y-Combinator, i2i Ventures, Flex port, Soma Capital and Rebel Fund. Existing investors including Global Founders Capital, Fatima Gobi Ventures and TPL Eventures and the funding in aggregation to a pre-seed round raised in September, 2021 takes the total valuation of Rider to $ 40 Million.

TPL Corp Ltd. is the investment holding company of the TPL Group with investments across the insurance, real estate, transport, security, technology, vehicle and container tracking, navigation and mapping solutions and financial sectors.