Technology & E-commerce Valuation Multiples in Pakistan
Technology & E-commerce Valuation Multiples in Pakistan
What are the current typical valuation multiples (based on revenue or EBITDA) for tech startups and E-commerce businesses in the Pakistani market?
2 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 2Γβ4Γ 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.
In the Pakistani market, tech startups are typically valued at approximately 3Γ to 5Γ revenue, with EBITDA multiples generally applied only to profitable or mature companies. E-commerce businesses commonly attract valuations of around 2Γ to 3Γ revenue, while established and profitable operators may be valued at roughly 4Γ to 6Γ EBITDA, depending on growth prospects and financial stability.