Webx, the SaaS e-commerce start-up from Pakistan, allows retailers to build their online stores. According to official sources, Webx has recently raised an undisclosed amount in its first seed round funding from UAE-based investors.
Webx is a one-stop solution for e-commerce that takes care of the payment and delivery channels by automatically connecting the stores with top-tier payment providers and logistics services. The entire process of this platform is completely automated and retailers can set up their stores and start selling online within minutes.
The funding raised by the platform was arranged by Al-Hilal Securities Advisors. The commitment reflects investors’ belief in the exponential growth of the country’s IT and e-commerce sector. Moreover, these funds will be utilized to expand the consumer base of the company.
Al-Hilal Securities Advisors’ Chief Executive, Faraz Younus Bandukda, CFA said,
We are honored to assist this team led by Waleed Masood & Fraz Saleem. They are highly determined and passionate about building captivating experiences that dedicated communities can grow around — which aligns perfectly with our belief that eCommerce platforms will grow in the country. Over the last two years, in particular, we’ve seen Pakistan’s digital space exploding exponentially and international investors are excited to partner with Webx as they continue serving and growing this community.
Webx was officially launched in 2018, and boasts a GMV of over Rs. 1...
Read Full Story: https://propakistani.pk/2022/02/25/pakistans-webx-e-commerce-raises-first-seed-funding-from-uae/
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