Abdul Razak Dawood, Adviser to Prime Minister of Pakistan for Commerce and Investment congratulated the Bazaar Technologies, a Pakistan-based B2B e-commerce marketplace on successfully raising $6.5 million.
He tweeted, “I congratulate Bazaar Technologies on successfully raising USD 6.5 million in what is now being termed as one of the region’s larger seed rounds.
“This is impressive considering the fact that the startup was founded just 8-months ago by two youngsters at Karachi for digitizing of the traditional retail sector in Pakistan.
“I have always believed in the entrepreneurship of our youth & this speaks volumes about their abilities. I wish them success & urge our young entrepreneurs to emulate this as with a large population base, Pakistan is one of the largest potential e-commerce markets in the world.”
The app gives small and medium sized retailers access to a large assortment of goods from multiple sources on a single platform.