Sealing the deal

• Grocery shopping in Pakistan can be expensive. Amid record inflation and a fragmented retail industry, groceries alone can take up 45-55% of a household’s expenses, making daily essentials unaffordable.
• Social e-commerce startup DealCart raised US$3 million Seed funding to deal with this. 
• The platform offers both ‘group-buying’ and ‘individual purchase’ options to meet the different preferences and budgets of their customers. 
• To keep daily essential goods affordable, DealCart also avoids high cost approaches, such as the quick commerce model which promises 30-minute or 1-hour deliveries.
• Co-founder Ammar Naveed shared that DealCart introduced its private labeled products to offer better margins that can be passed on to customers. 
• The fresh funds will go towards enhancing product development and expanding the team. It will also be used to develop their physical and tech infrastructure to support scaling its business, as well as increase brand awareness and promote the company’s private label products.
• Ammar also proudly shared that DealCart ranks as the highest-rated shopping application in Pakistan.
• Congratulations to the DealCart team!
• Read the full story here.