In a recent development, Lahore-based startup PostEx has raised a whopping $8.6 million in one of Pakistan’s largest early-stage seed fundraising rounds. The money has been raised to expand PostEx operations in 15-20 sites across Pakistan. Moreover, it will also be used to hire employees and offer people innovative and engaging products that would help benefit people’s lives.
The funding was secured in a series of trances. The most recent round of funding was led by Global Founders Capital. First-time investors including FJ Labs and RTP Global. MSA Capital, VentureSouq, Alma Capital, and Zayn Capital were also among the investors.
Tito Costa, Partner at Global Founders Capital stated,
“PostEx offers a unique solution to e-commerce firms in the Pakistani ecosystem, allowing them to unlock valuable resources to accelerate their growth. We’re delighted to support the team as they expand their finance and fulfillment offerings”
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