E-commerce Startup Raises $30 Million in Landmark Pakistan Deal
- Bazaar Technologies round largest among the nation’s startups
- Defy Partners and Wavemaker Partners leads the funding round
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Bazaar Technologies Pvt., an E-commerce startup from Pakistan, raised $30 million from investors in one of the nation’s largest fundraisings by an early-stage tech company, its founders said.
Silicon Valley-based Defy Partners Management LLC and Singapore-based Wavemaker Partners LLC led the initial round of funding into the one-year-old firm, which operates a business-to-business market place for grocery stores, said Saad Jangda, one of its two co-founders. Acrew Capital Management Co., Japan’s Saison Capital, UAE’s Zayn Capital Ltd. and existing backer Indus Valley Capital also participated in the round, according to Jangda.