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HomeNEWSLatest NewsPakistan’s Delivery Startup Krave Mart Raises Funds in Quest for Profitability

Pakistan’s Delivery Startup Krave Mart Raises Funds in Quest for Profitability

Delivery startup Krave Mart raised Pakistan’s third-largest funding round for the year, saying the proceeds will help it reach profitability next year.

The Karachi-based company raised the $6.25 million round over the past year, Chief Executive Officer Kassim Shroff said in an interview. Investors participating included Y Combinator, football manager and former player Keisuke Honda, Zayn Capital,JAM Fund, Rebel Fund, Decart Ventures and Conjunction Capital.

The development comes at a time when funding in Pakistan’s startup scene has dried up owing to high-interest rates and uncertainty due to the global economic outlook.

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