AGL 39.71 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 189.85 Increased By ▲ 0.42 (0.22%)
BOP 9.83 Decreased By ▼ -0.51 (-4.93%)
CNERGY 7.01 Decreased By ▼ -0.20 (-2.77%)
DCL 10.24 Increased By ▲ 0.03 (0.29%)
DFML 41.31 Decreased By ▼ -0.49 (-1.17%)
DGKC 105.99 Decreased By ▼ -2.64 (-2.43%)
FCCL 37.72 Decreased By ▼ -0.87 (-2.25%)
FFBL 93.41 Increased By ▲ 3.50 (3.89%)
FFL 15.00 Decreased By ▼ -0.02 (-0.13%)
HUBC 122.30 Decreased By ▼ -0.93 (-0.75%)
HUMNL 14.31 Decreased By ▼ -0.14 (-0.97%)
KEL 6.32 Decreased By ▼ -0.02 (-0.32%)
KOSM 8.12 Decreased By ▼ -0.28 (-3.33%)
MLCF 48.78 Decreased By ▼ -0.69 (-1.39%)
NBP 72.31 Decreased By ▼ -2.51 (-3.35%)
OGDC 222.95 Increased By ▲ 9.54 (4.47%)
PAEL 33.62 Increased By ▲ 0.63 (1.91%)
PIBTL 9.67 Increased By ▲ 0.60 (6.62%)
PPL 201.45 Increased By ▲ 1.52 (0.76%)
PRL 33.80 Decreased By ▼ -0.75 (-2.17%)
PTC 26.59 Decreased By ▼ -0.62 (-2.28%)
SEARL 116.87 Decreased By ▼ -1.32 (-1.12%)
TELE 9.63 Decreased By ▼ -0.25 (-2.53%)
TOMCL 36.61 Increased By ▲ 1.19 (3.36%)
TPLP 11.95 Decreased By ▼ -0.62 (-4.93%)
TREET 24.49 Increased By ▲ 2.20 (9.87%)
TRG 61.36 Increased By ▲ 0.46 (0.76%)
UNITY 36.06 Decreased By ▼ -0.63 (-1.72%)
WTL 1.79 No Change ▼ 0.00 (0%)
BR100 12,150 Decreased By -15.1 (-0.12%)
BR30 38,093 Increased By 312.6 (0.83%)
KSE100 114,302 Increased By 121.3 (0.11%)
KSE30 35,805 Increased By 104.1 (0.29%)
Business & Finance

Pakistan's Retail Startup Unity Retail Raises Six-figure Seed Funding

  • Pakistan's e-commerce retail solution startup, Unity Retail, has successfully raised a six-figure Seed funding round in US dollars led by Boston Equity Partners.
  • Unity Retail hopes to use this investment for further marketing and product development.
Published January 18, 2021
Source: Unity Retail
Source: Unity Retail

Pakistan's e-commerce retail solution startup, Unity Retail, has successfully raised a six-figure Seed funding round in US dollars led by Boston Equity Partners.

Founded by Shoaib Ahsan and Atif Sami in 2017, Unity Retail was re-launched in 2019 as a retail network that enables retail brands to easily sell their product or services on multiple online and offline marketplaces. The startup connects e-commerce platforms directly to courier services to improve order processing and delivery. It also offers an end solution to brands for automatically processing orders and removing the need for manual verification.

The startup has allowed brands like Zellbury and Ittehad Textiles to streamline their order management process, make data-driven decisions, and optimize both costs and customer experience.

Arif Baigmohammed, co-founder of Boston Equity Partners, also comments that “Unity Retail is singularly positioned for e-commerce enablement. While the demand for the service is significant at the enterprise level, the real scale is where the platform makes it easy for SMEs and home-based entrepreneurs to leverage the e-commerce opportunity through a plug and play solution,” as reported by Magnitt.

The startup has processed orders worth $90 million ever since its re-launch and reached almost 200 clients during the pandemic.

Unity Retail hopes to use this investment for further marketing and product development. The startup also plans on expand further in Pakistan as well as in the Middle East and North Africa (MENA) region.

Comments

Comments are closed.