Pakistan-based agri-supply chain platform, Jiye Technologies has raised $2.5 million in its pre-seed funding round. The round saw participation from Rabeel Warraich of Sarmayacar, Issa Aghabi of Access Bridge Ventures, Samih Toukan of Jabbar Internet Group, Ahmed El Hamawy of EquiTie, Charlie Graham-Brown of Seedstars with further involvement from a strategic angel army from MENAP, Europe & North America; making it the highest ever pre-seed funding in the agri-tech space in Pakistan.
The founders bring strategic backgrounds of conventional agri trade, supply chain & early-stage startup scaling to form the formidable trio. Jiye technologies aim to revolutionize the agri-sector in Pakistan by giving farmers’ easier access to major markets and convenient sourcing to retailers by creating a lean supply chain ecosystem. Additionally, the startup has aggressive plans to accelerate this mission through fintech solutions, fueling financial inclusion and connecting the massive segment to the formal financial system.
Scaling more than 30x in just five months, with a rapidly growing team of 150+, Jiye Technologies is expanding to five major cities in Pakistan, making it the fastest-growing agri-supply chain marketplace in the country. Beyond Pakistan, they aim to expand into MENA in 2022 to capitalize on the $120Bn market.
Despite being the 5th largest population with a staggering 56Mn acres of crop-able land – one of highest in the world, agriculture in Pakistan has grown at...
Read Full Story: https://www.techjuice.pk/jiye-technologies-raises-2-5-million-in-pre-seed-funding-rolls-out-expansion-across-pakistans-major-cities/
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