Bazaar

Bazaar B2B-marketplace founded in 2020 by Saad Dzhangda and Hamza Dzhavaidom allows the people having family grocery stores in the neighbourhood to purchase goods for the shops at producers, wholesalers and suppliers. The Pakistani service offers access to more than 500 names of goods (by January, 2021), in case of the order of delivery next day it will be free.

History

2021: Attraction of $6.5 million investments

In January, 2021 Bazaar attracted $6.5 million investments within one of the largest sowing rounds in Pakistan. The S7 Group venture fund - S7V took part in the transaction.

Besides, participated in a round of financing the Berlin company Global Founders Capital which makes the first investments in Pakistan, and focused on Pakistan VC Indus Valley Capital fund which already invested in a startup in June, 2020. Wavemaker Partners, Derayah Venture Capital, Next Billion Ventures and some angels also invested in Bazaar.

On one end of the market owners of shops benefit by a convenient method of commission of orders, safe delivery and competitive prices in the Bazaar application. On the other hand, suppliers get direct access to retail sales through Bazaar and obtain useful information about models and trends of purchases, - said in a startup, explaining the value of the offer.

Bazaar B2B-marketplace

When two cofounders started Bazaar creation, they set the object to service 800 retail dealers in Karachi by the end of 2020, but completed year about more than 10 thousand retail dealers, having exceeded the initial purposes from the point of view of the number of the serviced users of the platform and GMV more than by 10 times.

In a conversation with MENAbytes Saad and Hamza explained early success of a startup with two things: first, a command which consists of the talented people who were earlier working with such companies as Careem, Swvl, Kitopi, Daraz and Unilever; secondly, much the best, than it was expected, reaction from retailers.^[1]

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