raises $725,000 new funding for scaling across Pakistan 

In an important development in the online retail market, MandiExpress has said that it has closed a $725,000 Pre-Series A Round from Lakson Venture Capital and for scaling across the country. 

Mandi Express is an online fresh produce and grocery delivery service and has a data-driven approach for fulfilment of business-to-business (B2B) and business-to-consumer (B2C) orders. Mandi Express has documented the value-chain at the Karachi ‘Sabzi Mandi (vegetable market)” and utilises a vertically integrated technology platform which autonomously collects price data for its buyers located at daily auctions. 

The Lakson Investments Venture Capital (LIVC) led the funding round. The LIVC is a leading technology-focused Institutional VC fund and the Securities and Exchange Commission of Pakistan (SECP) regulates it.

Private investor (Disrupt) followed-on in this round. It is noteworthy that (Disrupt) has been supporting MandiExpress since the seed stage.

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