StationeryX.pk has successfully acquired seed funding worth $100,000 at a valuation of half a million dollars via Elahi Group (EGC), it has been reported. The Start-up is led by Mufeez Rana, also the CEO of AutoX, and Zeshan Afzal, who is the Chief Visionary at StationeryX.
Danish Elahi, CEO of ECG, is known to have invested in several entrepreneurial and social initiatives.
Stationery X is an online store for School & Office Stationery and Arts Products which is striving to become the country’s largest stationery and art products portal. Integration with schools, colleges and bookstores is also on the cards.
StationaryX’s is driven by a mission to offer educational products by making services available to the deserving communities. They are keen to do this by catering to children with special needs, NGOs & community centres by offering them special discounts on their catalogue. StationaryX is also looking into extending the network in rural areas for women.
StationeryX, also vows that a percentage of profits from every single order will be invested for educational initiatives nationwide. The startup is also keen to sponsor underprivileged children’s education in schools across the country.
