Oware, a Karachi, Pakistan-based B2B warehousing and distribution startup, raised $3.3M in Pre-Seed funding.
The round was led by Flexport Fund and Ratio Ventures, with participation from Seedstars International Ventures, The Osiris Group, Swiss Founders Fund, Reflect Ventures, +92 Ventures, and Walled City Co.
The company intends to use the funds to accelerate product development and talent acquisition.
Co-founded in June 2021 by Raza Kazmi and Adil Nisar, Oware offers businesses scalable and tech-driven warehousing and distribution solutions for B2B and retail through its connected fulfillment centers and third-party logistics providers. The company has grown its network to 5 cities that provide distribution to 75% of Pakistan’s population with same-day delivery and 85% of the population with next day delivery. Oware is opening additional fulfilment centers to meet demand and increase coverage.
FinSMEs
29/04/2022