Adding another feather in the cap to Pakistan’s budding startup scene, a Lahore-based fashion e-commerce platform Clicky has managed to raise $2.4 million in pre-Series A round.
The round was led by early-stage investors in UAE and Pakistan, including Tricap Investments, Asif Keshodia, UAE-based CSHL and a few other angel investors in the UAE, read a statement.
The latest investment adds up to the previous funding of $700,000 raised by the startup in December 2020.
Founded in 2016 by Muhammad Khalid and Syed Shahzad, Clicky offers trending fast fashion products with a focus on apparel, footwear, and accessories and has attracted investors such as Fatima Ventures and Souq - acquired by Amazon in 2017 – to invest in earlier rounds of the startup.
Unilever-backed startup raises one of Pakistan's largest early stage funding
Since its inception, the startup has witnessed a growth of over 20% month-on-month and has grown the business four times in less than a year, a growth driven by their private labels and curated fashion retailers, according to the company.
With this new funding, Clicky aims to scale these labels by working tightly with manufacturers and fashion designers.
In a bid to tap into the emerging fashion market of Pakistan, Clicky will be introducing more categories, adding 3000-5000 new SKUs [Stock-keeping unit] per month.
The startup has also utilized a part of its earlier investment to set up and improve its fulfilment centres across Pakistan. Currently, Clicky...
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