Pakistan’s leading online grocery delivery platform, GrocerApp, has successfully raised $5.2 million in a Series-A round from leading institutional and angel investors.
The round was led by Hayaat Global with participation from Millville Opportunities Fund New York, Dubai Based Wamda & Jabbar Internet Group, Saudi Based Nama Ventures, China-based Haitou Global, and Pakistan-based LeanBricks and Walled City Capital. Further participation from Angels that include former Souq/Amazon Mena CFO Asif Keshodia, Khalid Alami, Ziyad Alami of Huda Group in Dubai and Jon Puckhaber of Alvento Capital who participated in his personal capacity.
Founded in 2016 by Ahmad Saeed, Hassaan Sadiq and Rai Bilal, GrocerApp is digitizing grocery shopping in Pakistan with a focus on customer experience. Prior to GrocerApp, the founders were key team members of PakWheels, scaling the company to one of the earliest tech ecosystem powerhouses.
The $5.2 million Series A funding comes on the back of strong growth numbers for GrocerApp; only seven months after it secured $1 million in seed funding from leading institutional and angel investors, GrocerApp has scaled exponentially in Lahore and also expanded rapidly to the twin cities of Islamabad and Rawalpindi. Between the two rounds, GrocerApp’s total number of orders and revenue increased 300 per cent, with total annualised revenue exceeding the $15 million mark.
GrocerApp is focused on capturing the vibrant online new user-base by meeting their online grocery shopping needs through a seamless customer experience.
