Priceoye Pakistan is the country’s largest e-commerce aggregator and has raised seed funding from US-based VC fund SOSV. The company aims to expand its marketing campaign to reach low-income households. Adan and Adeel Shaffi’s idea for PriceOye originated in Southeast Asia where they studied the internet trends of other countries. The two brothers had already exited two businesses prior to PriceOye.
Priceoye is Pakistan’s largest e-commerce aggregator
PriceOye is Pakistan’s largest ecommerce aggregator that helps customers choose the best products. The company was founded in 2015 in Islamabad, Pakistan. The company’s mission is to make the online shopping experience as easy and transparent as possible for customers. Its users can use PriceOye to find the lowest price on products and services from different stores, including popular brands and local stores.
PriceOye has a unique proprietary product recommendation engine that asks a set of questions about the product, then recommends the best product for your needs based on what you answer. For example, if you’re looking for a new mobile phone, PriceOye will ask you questions about the features that you value. Based on the answers, PriceOye will recommend the best product based on the features and price. With this technology, PriceOye has changed the way people shop for electronics.
The government of Pakistan has also chosen to create Pakistan’s first e-commerce university. This will help polish the talents of young e-commerce traders and help them compete in the international marketplaces. This initiative will create jobs and create a conducive environment for young people to succeed in the global e-commerce industry.
The new e-commerce platform offers a range of online shops from around the world. Users can browse hundreds of novelty items and accessories from international companies. This gives customers access to goods that are not available anywhere else. The site is backed by artificial intelligence, and is equipped to offer a transparent solution for bulk purchases. It has also partnered with a number of Pakistan’s most trusted companies to help consumers make the best possible decisions.
While the startup ecosystem in Pakistan is growing rapidly, the country still has some hurdles to overcome. Its infrastructure is not nearly as strong as India’s, and the country is still lacking in a tech-savvy workforce. As such, the startup ecosystem in Pakistan must work hard to bring itself up to the required level. Eventually, the country will emerge as a leader in the Asian startup space.
It has raised seed funding from US-based VC fund SOSV
Priceoye Pakistan has raised seed funding to help it expand its operations. The company plans to add more staff to its 97-person team, launch offline experience centers in three high-end shopping malls in Pakistan, and add more products and categories to its online marketplace. The company has previously raised $450,000 in pre-seed funding.
The company’s recent fundraising event was led by JAM Fund, a US-based VC fund that has invested in startups in the region. Among those who participated in the event were Peter Thiel, the founder of PayPal, Palantir Technologies, and Kickstarter. Besides SOSV, the startup also secured seed funding from Beenext, DG Daiwa, and Mantis VC.
The company will use the funds to expand its market share and meet the growing needs of the Pakistani consumer. In recent years, Pakistan has experienced a massive growth in the mobile and internet markets. It is now the ninth most mobile nation in the world and has over 170 million mobile phone users. PitchBook and PwC have named SOSV as one of the world’s most active investors in Q2’2020.
The company’s management team has a deep commitment to the mission of the company and has full confidence in its ability to achieve it. They have faced many challenges globally and have remained committed to delivering on their mission. The company has successfully bootstrapped before raising seed funding.
As the country’s technology industry grows, investment is increasing. New laws have made it easier to launch a startup and offer greater protection to investors. Meanwhile, the country’s digital infrastructure is growing with the purchase of over 100 million smartphones and an equal number of broadband subscriptions.
It plans to diversify its marketing campaign
The Pakistan-based price comparison company PriceOye is planning to expand its team and begin an offline experience center in a luxury mall. The company also plans to expand its offerings to new categories and products. It recently raised $450,000 in pre-seed funding. Its marketing campaign is focused on bringing value to its users, who are often low-income people.
