Pakistani grocery delivery startup GrocerApp raises $1 million seed led by Dubai’s Jabbar

  • Date: 03-Sep-2020
  • Source: MENAbytes
  • Sector:Economy
  • Country:UAE
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Pakistani grocery delivery startup GrocerApp raises $1 million seed led by Dubai’s Jabbar

Lahore-based grocery delivery startup GrocerApp has raised $1 million in a seed round led by Jabbar Internet Group, the startup announced in a statement to MENAbytes today. It is Jabbar's first investment in Pakistan and comes just days after it won big with the $360 million sale of Dubai-based grocery startup InstaShop (which it was an early investor in) to Delivery Hero.

The round that takes GrocerApp's total raise to date to $1.5 million also includes the participation of former Souq/Amazon MENA executive Asif Keshodia (who has also joined GrocerApp's board), Saudi-based Nama Ventures, Jordan's Nader Group, Pakistan-focused VC Karavan, and a local software company 7Vals. Some existing investors including Pakistan-based Walled City Co, LeanBricks, and Shehryar Ali of Treet Pakistan, also joined the round.

Founded in 2016 by Ahmed Saeed, Hassaan