• Download the Constitution of Pakistan
  • Advertise
Wednesday, August 20, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

Markaz Raises $2.40 Million to Help Pakistanis Start Online Business with Zero Investment

by News Publishing
May 10, 2022
in Business
Reading Time: 2 mins read
0
Markaz Raises $2.40 Million to Help Pakistanis Start Online Business with Zero Investment
Share on FacebookShare on TwitterLinkedinWhatsapp

According to a press release issued today, Markaz Technologies, a Y-Combinator-backed startup from Islamabad, has raised $2.4 million in initial capital headed by Indus Valley Capital.

Angel investors like Kyane Kassiri of Suya Fund and leaders from Careem, Deloitte, Amazon, and Gojek will also participate in the round.

By enabling these micro-entrepreneurs, Markaz is on a mission to accelerate the rails of e-commerce and make it accessible to the masses in Pakistan.

Shoaib Khan, Fawad Hussain, Sameel Hayat, and Umair Aslam — four friends who have worked in big-scale tech organizations such as Telenor, Amazon, Easypaisa, and Alipay in Pakistan and throughout the globe – launched Markaz. During Covid-19, the founders saw that most people were growing increasingly used to shopping online, with many of these transactions taking place through social media platforms such as WhatsApp and Facebook.

The startup seeks to empower Pakistan’s middle class, with a particular focus on women from tier-2 cities, who are currently underrepresented in the country’s financial ecosystem, while also enabling hundreds of thousands of online micro-entrepreneurs. Markaz provides a new start for anybody interested in starting their own business and being financially self-sufficient.

Anyone interested in starting an online reselling business may use Markaz to explore and share over 10,000 goods from a variety of categories to their social media stores. Resellers may then use the app to place orders on behalf of their consumers, which would be delivered to over 300 towns and villages across Pakistan for just Rs. 90. (per order). After delivery, the reseller’s profit on each sale, which they choose, is sent directly to their digital wallets like Easypaisa or Jazz Cash. To give the best possible rates, all items are obtained directly from wholesale suppliers. Markaz is building Pakistan’s largest and fastest-growing reseller community, with more than half of its members being women.

Tags: E-CommerceIndus Valley CapitallatestMarkazStartup
News Publishing

News Publishing

Related Posts

OGRA

Pakistan to Digitize Petroleum Supply Chain

by Anum Arif
August 13, 2025
0

The government has initiated a comprehensive plan to digitize the petroleum supply chain nationwide, aiming to curb smuggling and theft...

Organic Meat

TOMCL Becomes First Pakistani Meat Exporter to Carrefour UAE

by Anum Arif
August 8, 2025
0

ISLAMABAD – The Organic Meat Company Limited (TOMCL) has made history by becoming the first Pakistani meat producer to secure...

Crude Oil Bonny

Pakistan to Import First Nigerian Bonny Light Crude

by Anum Arif
August 7, 2025
0

KARACHI (August 7, 2025): In a strategic shift to diversify its energy sources, Pakistan Refinery Limited (PRL) will import its...

Gwadar Port

Pakistan, China Ink Deal to Boost Gwadar Port, Industry

by Anum Arif
August 7, 2025
0

Islamabad, August 7, 2025 – In a major step toward strengthening Pakistan’s maritime and industrial infrastructure, the Ministry of Maritime...

PSX

PSX Hits Historic 145,000 Points as Bull Run Continues

by Anum Arif
August 6, 2025
0

The Pakistan Stock Exchange (PSX) witnessed another record-breaking day on Wednesday as the benchmark KSE-100 Index surged past the 145,000...

PSX NEW

KSE-100 Crosses 142,000 in Historic PSX Rally

by Anum Arif
August 4, 2025
0

The Pakistan Stock Exchange (PSX) continued its strong upward trajectory on Monday, as the KSE-100 Index surged past the 142,000-point...

Next Post
Germany expresses desire to further strengthen relations with Pakistan

Germany expresses desire to further strengthen relations with Pakistan

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters