Pakistan’s GrocerApp raises $5.2 million Series A from several Mena investors

Pakistan’s GrocerApp raises $5.2 million Series A from several Mena investors

Pakistan-based e-grocery startup GrocerApp has raised $5.2 million in a Series A round led by Hayaat Global with participation from Millville Opportunities Fund New York, Wamda, Jabbar Internet Group, Saudi-based Nama Ventures, China-based Haitou Global, and Pakistan-based LeanBricks and Walled City Capital alongside several angel investors.

Founded in 2016 by Ahmad Saeed, Hassaan Sadiq and Rai Bilal, GrocerApp is digitising grocery shopping in Pakistan with a focus on customer experience.

The startup has enjoyed strong growth, serving Lahore, Islamabad and Rawalpindi after raising a seed round and achieving a 300 per cent increase in revenue with total annualised revenue exceeding the $15 million mark. 

Press release:

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,