Qayaam, a startup by two LUMS Sophomores Muhammad Owais and Muhammad Azeem, and a FAST graduate Hamza Rasheed, secured second position at ERUPT Lahore Finale. ERUPT is a business idea competition, organised by Plan9 and Careem, in which 15 universities and more than 200 startups participated.
Qayaam won the first round of ERUPT at LUMS after two days of tough competition on November 18 and 19, 2016. The second round of ERUPT, the Champions Round, took place at Arfa Software Technology Park on December 15 where 12 university champions and three wildcard participants presented their ideas. LUMS team secured second position in the ERUPT Lahore Finale. As finalists, they have also won a wild card entry into Plan9’s Launchpad ninth Season.
Qayaam is a platform for short-term renting and enables people to open their homes to those in need. The team aims to disrupt the hospitality industry of Pakistan through their startup. The students came up with the idea when one of the co-founders Hamza could not find temporary accommodation for himself while he was looking for an apartment.
Currently Qayaam, is incubated at LUMS Center of Entrepreneurship. As a part of their batch 6, they have received mentoring from the LCE team and their mentors.
Muhammad Owais, Muhammad Azeem, Suleman Dawood School of Business (SDSB) and Mushtaq Ahmad Gurmani School of Humanities and Social Sciences (MGSHSS) sophomores respectively, and Hamza Qureshi want to keep pursuing this initiative and aim to solve the lack of accommodation problem in Pakistan.