E-commerce has a promising contribution to any economy. Worldwide, some of the top listing businesses are the ones that involve the technique of e-commerce. Pakistani startups are also paving a path leading in this direction and we do get to hear about the success stories. The latest addition to that list is, Clicky.pk.
Clicky.pk is the creation of Muhammad Khalid and Syed Shahzad. Founded in 2016, it is one of Pakistan’s top fashion-focused marketplace and retail startups. Having known each other for 15 years, the founders go back to the Manchester Business School, with extensive working experience in the Middle East.
This Lahore based fashion e-commerce startup scored a Pre-Series A round of funding worth USD700,000. The company faced competitors like the former executives from Amazon MENA region and Xiaomi along with other angel investors.
Asif Keshodia, former MENA Executive of Souq.com and one of the key investors in this round said, “I am thrilled to be a part of this startup in Pakistan – Clicky.pk is going to take customer experience to new heights and address the growing demand for online fashion retail in the region. We see a massive opportunity here, looking at successful online fashion destinations launched in other markets like ASOS in the UK, Zalando in Germany, and NET-A-PORTER in France. With local investors being stakeholders, it’s a testament to the confidence that exists in the huge market potential for e-commerce in the country”.
After closing this funding Clicky.pk intends to focus and work directly with manufacturers and build private labels for several fashion sectors. The new funds will be utilized to construct and expand a team of fashion designers dedicated to homegrown labels. The fashion marketplace will also invest in logistics and supply chain in four major cities of Pakistan, focusing on improving the customer experience and service. Two fulfillment centers will be established out of Lahore and Islamabad.
Earlier investors of Clicky.pk include Souq.com and Fatima Ventures. Representing the local investor on the Board of Clicky.pk, Ali Mukhtar from Fatima Ventures said, “Khalid and Shahzad have been building a focused e-commerce business and we are excited to see how this investment will bring opportunities for local brands and private labels to grow and provide a high-quality fashion retail experience to Pakistani consumers.”
Image Source: Tech List