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