The startup which has the core value of “Need for Speed”, have announced the largest pre-seed funding in Pakistan, worth $6 million led by some of the most iconic investors who have previously invested in rocket ships like Delivery Hero, Gorillas, Meituan, Rabbit, Kitopi, Zeptos and many more unicorns.
Investors in the startup include MSA Capital, ru-Net, Global Founders Capital and Zayn Capital, according to Chief Executive Officer Kassim Shroff.
The four masterminds behind Krave Mart, who are well versed in the e-commerce world are Kassim Shroff, Hammad Bawany, Haziq Ahmed, and Ahsan Kidwai. The group is channeling their passion to meet the expectations of the tech-savvy generation that is response-driven, and prefer instant deliveries.
Krave Mart aims to cover 100% population of Karachi by end of January 2022 and expand to other cities and countries as well.
Kassim Shroff, Co- Founder & CEO of Krave Mart said on the occasion:
“With a mission to keep customers at the heart of our priorities and ensuring 10 mins delivery and quality products, our aim is to give people back some of their valuable time that they would otherwise spend by going to neighbourhood grocery stores. We see a huge potential an opportunity in this market and we have put our heads down to ensure we execute properly and deliver on what we have promised.
Further, expressing his belief in the team and startup, one of the investors, MSA said: “Quick commerce will redefine how users shop for groceries in Pakistan, which today is a hyper-fragmented and inefficient experience. We’ve benchmarked and invested in similar models globally and believe Pakistan is a market ripe for disruption. Given their relevant backgrounds,Kassim, Haziq, Ahsan and Hammad are best suited to execute this model and build Pakistan’s leader”