ANL 21.95 Decreased By ▼ -0.38 (-1.7%)
ASC 14.28 Decreased By ▼ -0.32 (-2.19%)
ASL 23.07 Decreased By ▼ -0.58 (-2.45%)
BOP 8.30 Increased By ▲ 0.02 (0.24%)
BYCO 7.88 Decreased By ▼ -0.27 (-3.31%)
FCCL 17.90 Decreased By ▼ -0.07 (-0.39%)
FFBL 23.53 Increased By ▲ 0.05 (0.21%)
FFL 15.85 Decreased By ▼ -0.25 (-1.55%)
FNEL 7.60 Decreased By ▼ -0.37 (-4.64%)
GGGL 18.47 Decreased By ▼ -0.93 (-4.79%)
GGL 40.70 Decreased By ▼ -1.04 (-2.49%)
HUMNL 6.36 Increased By ▲ 0.02 (0.32%)
JSCL 19.00 Decreased By ▼ -0.37 (-1.91%)
KAPCO 36.89 Decreased By ▼ -0.29 (-0.78%)
KEL 3.47 Decreased By ▼ -0.01 (-0.29%)
MDTL 2.74 Increased By ▲ 0.04 (1.48%)
MLCF 35.01 Increased By ▲ 0.02 (0.06%)
NETSOL 132.00 Decreased By ▼ -7.30 (-5.24%)
PACE 4.90 Decreased By ▼ -0.22 (-4.3%)
PAEL 28.38 Increased By ▲ 0.03 (0.11%)
PIBTL 8.91 Increased By ▲ 0.01 (0.11%)
POWER 7.45 Increased By ▲ 0.15 (2.05%)
PRL 17.84 Decreased By ▼ -0.46 (-2.51%)
PTC 9.96 Decreased By ▼ -0.04 (-0.4%)
SILK 1.52 Increased By ▲ 0.01 (0.66%)
SNGP 45.10 Decreased By ▼ -0.20 (-0.44%)
TELE 18.89 Decreased By ▼ -1.52 (-7.45%)
TRG 167.00 Decreased By ▼ -2.50 (-1.47%)
UNITY 33.40 Increased By ▲ 0.35 (1.06%)
WTL 3.06 Increased By ▲ 0.10 (3.38%)
BR100 4,774 Decreased By ▼ -47.26 (-0.98%)
BR30 23,269 Decreased By ▼ -208.01 (-0.89%)
KSE100 45,553 Decreased By ▼ -44.44 (-0.1%)
KSE30 17,935 Decreased By ▼ -94.46 (-0.52%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,432
5824hr
Pakistan Cases
1,232,595
2,35724hr
4.9% positivity
Sindh
453,051
Punjab
425,703
Balochistan
32,812
Islamabad
104,619
KPK
172,210
Technology

Pakistan's Jugnu raises $3.2m from Systems Limited

  • B2B ecommerce marketplace aims to use funds to expand in a highly competitive market
15 Jun 2021
Source: Jugnu
Source: Jugnu

Jugnu, a Karachi-based B2B ecommerce marketplace, and its parent company Saleflo have raised $3.2 million from Lahore-based Systems Limited, a technology and business process outsourcing services provider.

Reportedly, Systems made this investment in exchange for a 20 percent stake in the company, with some angel investors also participating in the deal.

In 2015, Saleflo was launched as the country's first software company that built cloud-based sales and distribution platforms for major corporations and FMCG's.

Founded by Yasir Suleman Memon, Sharoon Saleem, Syed Khurram Haider and Ahsan Muhammad Khan, the platform has worked with over 40 corporations, FMCG's, pharmaceutical and distribution companies.

Saleflo's services and platform building have allowed their clients to access over 300,000 retailers across the country.

Saleflo launched Jugnu in 2020, offering a digital platform for small grocery retailers across Pakistan to procure inventory for their establishments through its mobile app and fulfillment centers.

Currently operating in Lahore, Jugnu says it offers store owners next-day delivery for all purchases.

The startup aims to use this latest influx of funds to expand in a highly competitive market, with the likes of Bazaar, Dastgyr, Retailo and Tajir currently operating as well.

With a market cap of $430 million, Systems will serve as a partner to unlock potential, aiming to enhance presence in the digital retail landscape.

Comments

Comments are closed.