GrocerApp raises $5.2m

KARACHI: GrocerApp, an online grocery delivery platform, has raised $5.2 million in a Series-A round from leading institutional and angel investors, said a press release on Monday.

The round was led by Hayaat Global, with participation from Millville Opportunities Fund New York, Mena-based Wamda Capital, Jabbar internet group & Nama Ventures, China based Haitou Global, and Pakistan-based LeanBricks and Walled City Co.

Further participation from angels included 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, Hassaan Sadiq, and Rai Bilal, GrocerApp is digitizing grocery shopping in Pakistan with a focus on customer experience.

Published in Dawn, June 15th, 2021

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