Karachi-based B2B eCommerce marketplace Jugnu and its origin company Saleflo have increased $3.2 Million from Systems Limited and a Lahore-located guiding global technology and trade approach outsourcing services supplier. Some angel capitalist also joined in the deal. Systems developed a finance of three million dollars in trade for a twenty per cent share in the company.
Salesflo had established in 2015 as a software company that made the country’s first cloud-based deals and assortment platform for FMCGs. It was initiated by Ahsan Muhammad Khan, Yasir Suleman Memon, Syed Khurram Haider, and Ahsan Muhammad Khan who altogether had tens of years of expertise in performing in the FMCG industry of Pakistan. The platform has functioned with forty project FMCGs, pharmaceutical, and allocation companies and supporting their access over three lacks distributor across the nation through its software.
After understanding from its expertise of working with both FMCGs and distributors, Salesflo initiated Jugnu in 2020 and equipping small grocery distributors in the country to obtain a checklist for their stores. Currently available in Lahore, Jugnu works with thousands of grocery store owners by its mobile phone application and accomplishment centres and giving next-day conveyance for all their purchases. The inception plans to utilize the latest finances to further enlarge Jugnu. It is in a highly combative space with an association such as Bazaar, Retailo, and Tajir, who have increased tens of millions of dollars, also present in it.
With Network, Jugnu has a found a tactical alliance that can open many opportunities for it. It is one of the guiding technology players in the country with a market limit of over four hundred thirty million dollars. Systems also grants and use OneLoad, a fintech that empowers retailers to gain money by trading digital products and also contacting mobile top-ups and payments of utility bills. The fintech previously has over one lacks dealers who avail its services so there are a lot of alliances for Systems. Sharoon Saleem Salesflo and Jugnu’s co-founder said Pakistan Tech News.
A Systems spokesman mentioning on the finance elaborated that it is at increasing their existence in the digital retail environment of Pakistan .they will give them availability to potential teamwork in technologies and approach to digital plotting of the retail universe.