The Foundation Council

Foundation Council

The Foundation Council comprises of eminent business leaders in the Pakistani start-up ecosystem.  The council curates, inspires, mentors and monitors the progress of the Foundation program participants with a primary objective of ensuring their success.


Saleem Ahmad is Chairman of the Advisory Board at National Incubation Center Lahore and Quetta.  He is a Senior Advisor to the CEO at Afiniti, world’s premier applied artificial intelligence company; Co-Founder and Partner at 47 Ventures, first international venture capital firm which started investing in Pakistani tech ventures in 2015; and a Director on various boards including American Pakistan Foundation, Organization of Pakistani Entrepreneurs (OPEN Tri-State), Afiniti Europe Technologies and Senfina Investments Limited in the UK.

Saleem is a seasoned investor with a track-record of success across multiple geographies, industries, capital structure and liquidity spectrum.  His 25-year, $250 billion investment and advisory experience includes leadership and portfolio management roles within private equity, special situations and hedge funds anchored by Highbridge (JPMorgan), Tristan and Morgan Stanley in New York and London.  His banking experience includes mergers and acquisitions, restructurings and financings in developed, frontier and emerging markets in real estate, infrastructure, technology, telecom, energy and financial services at Morgan Stanley, Credit Suisse and Citi in New York, Hong Kong and Pakistan.  He has significant investment experience in technology, digital infrastructure and real estate sectors.

Saleem earned postgraduate degrees from Wharton UPENN (MBA, Finance & Entrepreneurial Management), where he was member of the Executive Council; London School of Economics (MSc, Accounting & Finance), where he was a Britannia Chevening Scholar and a member of the Court of Governors; and LUMS, where he was recipient of Vice Chancellor’s Achievement Award.

Saleem is passionate about entrepreneurship, microfinance, female empowerment, healthcare, literacy and skills development in Pakistan.  He has keen interest in foreign policy and economic diplomacy having served as a Corporate Leader to the Council on Foreign Relations in New York.

FAISAL AFTAB, Co-Founder & Managing Partner, Zayn Capital

Faisal is a Co-Founder of Zayn Capital; He is the Managing Partner of Zayn Capital Frontier GP, a venture capital fund with a primary focus on seed and growth stage ventures in Pakistan and MENA.

His notable investment calls include some of the top names in the regional startup ecosystem: GrocerApp, KTrade, Truck It In,,,, and

Previously, Faisal was a founding team member of Lakson Venture Capital (Lakson VC); he built the fund from the ground up and led the team as Managing Partner & Executive Director.

As an early Bitcoin and Ethereum investor, Faisal has a deep understanding of global macros and blockchain’s implications on the digital economy.

Faisal has an MBA from Oxford University, joint Bachelor’s and Master’s degrees from Michigan State University USA. He has also been an investor in Hedge Funds, Venture Capital Funds and an active Angel Investor for over 15 years. Faisal is a limited partner of the Silicon Valley-based Venture Capital Fund 500 Startups.

ZEHRA HYDER ALI, Founder & CEO, Ghonsla

Zehra Hyder Ali leads one of the strategic platforms at Borealis, the 2nd largest polyolefin company in Europe, with an aim to be at the forefront of plastic recycling in Europe.  She focuses on value chain partnerships and new business models to drive circularity with an end goal of plastic neutrality.

Zehra is passionate about circular economy, sustainable materials and energy efficiency.  She founded and led Ghonsla, a social enterprise that provided sustainable insulation from upcycled paper and plastic waste to households in some of the harshest terrains in Pakistan. She has also designed and co-taught undergraduate and graduate business school courses on Social Entrepreneurship in Pakistan.

Zehra holds an undergraduate degree in Mechanical Engineering and a postgraduate degree in Technology & Policy from MIT and an MBA from IMD.

AATIF AWAN, Founder & Managing Partner, Indus Valley Capital

Aatif Awan is Founder and Managing Partner of Indus Valley Capital, a Pakistan-focused early stage VC fund. He led the first investment round for Atoms, Airlift, AimFit and Bazaar and is a Board Director for all of them. Aatif is also a member of First Round Capital’s Angel Track and OnDeck’s Angel Fellowship.

Previously, Aatif was VP Growth & International at LinkedIn and built the team that grew the network by half a billion members. Aatif also led the product integrations between LinkedIn and Microsoft after the $26B acquisition.

SABA GUL, Founder & CEO, Popinjay

Saba Gul is an MIT-educated engineer turned entrepreneur. Most recently, she was Director of Product at VentureDive, a technology studio in Karachi. Previously Saba was the Founder & CEO of Popinjay, an ethical e-commerce retailer with a supply chain spanning Pakistan, Vietnam and China.

Saba is an advisor to several startups, and an Investment Committee Member of i2i Ventures, a seed fund for early-stage Pakistani enterprises. She has lived and worked across the world – from Silicon Valley to France, Sri Lanka and Ethiopia, & brings her global experience to her work. Saba was raised in Lahore, Pakistan & holds Bachelors & Masters degrees in Computer Science & Artificial Intelligence from MIT.

HAMZA IQBAL, Founder & CEO, Healthwire

Hamza Iqbal is the Founder & CEO of Healthwire, a health-tech startup focused on aggregating all stakeholders of the healthcare ecosystem on its platform and providing a seamless digital healthcare experience to patients.

Healthwire is a graduate of NIC LUMS (formerly LCE) and has raised $700,000 from 47 Ventures, a Pakistan focused venture capital fund.

JUNAID IQBAL, Former Managing Director, Careem Pakistan & Careem Pay

Junaid Iqbal is former Managing Director of Careem Pakistan and Careem Pay.  He’s an investor and partner at Mentors Fund, and Chairman of Salt Arts, a music, art and entertainment agency.  Previously, her served as CEO of Elixir Securities.

With a background in economics and financial leadership, Junaid is a results-oriented, entrepreneurial and people-focused senior management professional with a consistently strong record of accomplishment in leading turnaround and growth strategies.


Usman Javaid is Co-Founder and CEO of Ricult Inc, a US based, award winning, fintech and agtech company that uses data analytics to help smallholder farmers work their way out of poverty in developing countries. Currently, Ricult operates in Thailand and Pakistan.

Usman has extensive corporate experience in Pakistan with Engro, Nestle and Telenor, where he was part of the team that launched EasyPaisa.

Usman graduated with an engineering degree from NUST, an MBA from LUMS and an MBA in Innovation and Global Leadership from Massachusetts Institute of Technology.

ALI FARID KHWAJA, Chairman, KASB Securities

Ali Farid Khwaja is Chairman of KASB Securities, and CEO of Oxford Frontier Capital based in London.

Previously, Ali was CFO and Board Director of SafeCharge Group, a global FinTech company listed on London Stock Exchange (acquired by Nuvei from Canada).  He brings more than 17 years of experience in equity research and investment, starting his career as a top-ranked technology sector analyst in Europe at Berenberg and UBS.  He was also a Partner at Autonomous Research (now a part of Alliance Bernstein).

As a Rhodes Scholar, Ali graduated with a degree in Financial Economics from the University of Oxford-Said Business School, and an undergraduate degree in Economics and Computer Science from LUMS.

Ali is patron of the British Pakistan Foundation.


Badar Khushnood is Co-Founder of, a B2C and DTC e-commerce platform empowering businesses and artisans across Pakistan.  He also co-founded Bramerz, a leading full-service digital media and marketing company.  He was the first domestic consultant to global technology companies including Google, Facebook and Twitter, and prior to that worked at SMEDA, ASUSTeK and Nishat Textiles.

Badar serves as an Executive-in-Residence (EIR) at LUMS where he is helping curate the MS in Technology Management & Entrepreneurship program.  He’s a board member and mentor to several start-ups and incubation platforms across Pakistan.  As member of Pakistan Software Houses Association (P@SHA), he is leading the private sector narrative at the National E-commerce Council (NeCC).

Badar earned his Masters in Economics and Management from the Lahore School of Economics.

MUNEEB MAAYR, Founder, Bykea

Muneeb Maayr is Founder at Bykea, the largest network of motorbikes serving on-demand transport, logistics and payment services in Pakistan. Muneeb graduated from the University of Virginia to work in investment banking at Bear Stearns in New York City right after college. He then led a 600 person back office for SNL Financial in Islamabad, a business acquired by Standard & Poors.

Prior to Bykea, Muneeb was Co-Founder and CEO at, Pakistan’s leading ecommerce platform, acquired by Alibaba Group.

ALI MUKHTAR, Founder & General Partner, Fatima Gobi Ventures

Ali Mukhtar is the founder and CEO of Fatima ventures and General Partner at Fatima Gobi Ventures (FGV), a technology venture fund co-managed by Fatima Ventures and China head quartered Gobi Partners.

Under Ali’s leadership FGV has already invested in high growth companies including Airlift, Tajir and Sasta Ticket and will continue to support the most promising tech entrepreneurs in the country.

Ali also serves as a Director at Fatima Group, one of Pakistan’s leading conglomerates, where he advises the group on strategy and investments.

Ali is a member of various global organizations including The Owners Forum and is a graduate of UPENN.

QASIF SHAHID, Co-Founder & CEO, Finja

Qasif Shahid is CEO and Co-Founder of Finja, a fintech start-up with a mission to transform how people relate to money and make payments.

Qasif has over 25 years of multi country experience in building, managing and growing digital financial services, products and businesses.  He also founded FinSurgents; a financial services startup consultancy, which specializes in re-tooling analogue business cases to digital.

Qasif previously served as head of digital banking for MCB, one of the largest banks in Pakistan and earlier on, as head of marketing and digital channels for ABN AMRO bank Singapore. Before joining MCB, Qasif worked at Standard Chartered Pakistan as head of digital banking.