Tech Company Financing Transactions
DealCart Funding Round
DealCart, operating out of Karachi Sindh, received $4.5 million from Shorooq Partners, 500 Global and Fatima Gobi Ventures.
Transaction Overview
Company Name
Announced On
7/28/2022
Transaction Type
Venture Equity
Amount
$4,500,000
Round
Seed
Investors
Proceeds Purpose
Its new funding will be used to build its tech and product teams, as well as DealCart's brand.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Undisclosed
Karachi Sindh, 75500
Pakistan
Karachi Sindh, 75500
Pakistan
Phone
Website
Email Address
Overview
Despite the burgeoning growth of smartphone and internet penetration, e-commerce usage remains low among the middle and lower middle-income segments that constitute the majority of the country's 220 million people and primarily serving higher income segments. DealCart is a Pakistani Group Buying Social Commerce Platform that allows users to buy together and save together.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Ammar Naveed
Founder
Haider Raza
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We report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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