According to Bloomberg, Lahore-based PostEx has recently raised $8.6 million in one of Pakistan’s largest early-stage seed fundraising rounds to expand its operations nationwide.
The fresh funding, according to Omer, will be used to expand the startup’s reach to 15-20 sites across Pakistan, hire more employees, and offer new and more engaging products for the benefit of the people.
PostEx was able to secure the financing through a series of tranches. Global Founders Capital led the most recent round of funding, which included first-time investments from FJ Labs and RTP Global. MSA Capital, VentureSouq, Alma Capital, and Zayn Capital were among the other investors.
“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 fulfilment offerings, stated Tito Costa, Partner at Global Founders Capital.