A recent report, Pakistani blockchain B2B( business-to-business) market, Bazaar technologies complete record $30 million rise largest in the country.
On 24 august Bazaar announced its highest closing and revealing the strongest funding partner’s Defy partners (Silicon Valley) and wavemaker ( Singapore) lead
this success journey.
The number of global funding partners like LinkedIn, Endeavour, Japanese season capital, contribute significantly to achieve this hike. Various existing partners like
Indus valley capital and alter global are also proved to be a game-changer in this $30 million journey.
Bazaar is the known platform and leading business-to-business marketplace for
small retailers, connecting with 7,50,000 traders in more than 400 towns and villages. Most of Bazaar’s users are small grocery store owners (popularly known as
Kirana stores) that are widely involved in the process of trading with vendors.
Bazaar is aiming to develop a fully customized OS(operating system) especially for
traditional retail in Pakistan. Bazaar also growing steadily and helping 5 million
MSMEs all over the country through its strong B2B e-commerce platform and Easy Khata.
The latest funding of this popular platform leads to total funding of $37.8 million,
preceding by $6.7 million contributions of January 2021 and $1.3 million of June 2020.
Bazar was founded by two full-time employees of marketing and management, Saad Jangda and Hamza Jawed. They both have an entrepreneurial spirit, want to
privilege Pakistani youth, and ultimately creating an advanced platform for further growth of B2B companies or small MSMEs.
Founders stated about their vision and future goals that, “Bazaar is going after a massive opportunity with the ultimate aim of creating a generational story in and from
Pakistan. In a country with incredible talent and huge market opportunity, it’s about time we create an inspirational story that brings together the country’s best talent
who can go on to create many such stories in the future,”.
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