DealCart raises $3 million in a Seed funding round led by Shorooq Partners and Sturgeon Capital to empower Pakistan's digitally savvy consumers amid rising inflation.
Amount Raised
$3 Million
Round Type
Seed
KarachiE CommerceGroceryInvestors
Description
DealCart, a social e-commerce startup focused on providing affordable essential goods to low- and middle-income consumers across Pakistan, successfully raised $3 million Seed. The round also saw participation from 500 Global, Evolution VC, Rayn Capital, and Khyber Venture Partners. This capital infusion will support DealCart’s mission to expand its reach and provide affordable essential goods to Pakistani consumers amidst the significant financial strain caused by the rising inflation.
Quick answer
DealCart raised $3 Million in a Seed round, dated July 4, 2024. Investors: Khyber Venture Partners, Rayn Capital, Evolution VC, 500 Global, Sturgeon Capital and Shorooq Partners. DealCart is based in Karachi, Sindh, Pakistan.
- How much did DealCart raise?
- DealCart raised $3 Million in a Seed round on July 4, 2024.
- Who invested in DealCart?
- Khyber Venture Partners, Rayn Capital, Evolution VC, 500 Global, Sturgeon Capital and Shorooq Partners are named as investors in this round.
- What does DealCart do?
- DealCart is a social commerce startup on a mission to provide affordable daily essential products to underserved communities in Pakistan through a gamified and interactive platform.
- Where is DealCart based and how big is it?
- DealCart is based in Karachi, Sindh, Pakistan. Fundz records about 126 employees.
- Who are the decision-makers at DealCart?
- Fundz holds 1 contact at DealCart. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in E Commerce and Grocery around the same time
Companies in the same sectors as DealCart that raised within 45 days of this round, from Fundz verified event records.
- Appetise raised $2.7M (Pre-Series A) on August 15, 2024.
- Coras raised $1.4M (Funding Round) on August 16, 2024.
- Knowde raised $60M (Series C) on August 15, 2024.
- Tucán raised $1M (Seed) on August 14, 2024.
- Innoviti raised $8.3M (Series E) on August 13, 2024.
- Shadowfax raised $100M (Series E) on August 13, 2024.
Who to call at DealCart, and when
A new round usually means DealCart is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day DealCart raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at DealCart, from your own LinkedIn network
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