Brandverse, Pakistan's leading startup that is solving for the profitable and sustainable growth of small businesses by democratising access to e-commerce, announced that it has closed a multi-million dollar investment seed round led by the JS Group. The round also saw follow-on participation from seed investors, regional family offices and operator angels.
The company also announced the appointment of former Group COO of TCS, Faizan Siddiqi, as Co-founder & Managing Director, to support the next stage of Brandverse’s growth and expansion into foreign markets.
With this round, Brandverse will further strengthen its Chikoo app which enables both offline, hyper-local and on-demand e-commerce across the retail value chain. Chikoo is the e-commerce enablement platform for small businesses that is bringing neighborhood stores, at-home entrepreneurs and general traders to realise the promise of e-commerce, without the expense or capability requirements normally associated with going online. Chikoo enables any business, selling anything, anywhere, to start selling online, in less than 1 minute, with nothing more than a smartphone and internet connection.
Raza Matin, CEO of Brandverse said: "We knew we would witness massive adoption of the internet and technology by Pakistani small businesses and founded Brandverse because we wanted to play our part in redefining the nation’s growth story through this transformation. The COVID-19 pandemic has highlighted the criticality of...
Read Full Story: https://www.geo.tv/latest/386545-brandverse-launches-its-chikoo-app-built-to-enable-retailers-to-launch-their-own-ecommerce-store
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