• Bahrain-based Zayani Venture Capital and Dubai’s Tricap investments have participated in Pakistan-based B2B e-commerce startup Dastgyr’s $3.5 million Seed round, led by SOSV. 
• Other investors participating in this round include ADB Ventures, the Asian Development Bank’s venture capital arm, Seedstars, and Edgebrook Partners.
• Founded in 2020 by Muhammad Owais Qureshi and Zohaib Ali, Dastgyr looks to serve two million retailers in Pakistan by linking them directly with wholesalers, offering next-day delivery for 2,000 stock-keeping units (SKUs). 
• The startup plans to use the funds to expand its sorting centre operations, grow its team as well as launch its fintech products in Q3 2021.
• Over the past year, Dastgyr has been working closely with London-based advisory firm EquiTIE, which helped the startup to successfully raise its Seed round and boost its scalability.

Bahrain-based Zayani Venture Capital and Dubai’s Tricap investments have participated in Pakistan-based B2B e-commerce startup Dastgyr’s $3.5 million Seed round, led by SOSV. Other investors participating in this round include  ADB Ventures, the Asian Development Bank’s venture capital arm, Seedstars, and Edgebrook Partners.

Launched in 2020 by Muhammad Owais Qureshi and Zohaib Ali, Dastgyr looks to serve two million retailers in Pakistan by linking them directly with wholesalers, offering next-day delivery for 2,000 stock-keeping units (SKUs). Products available for purchase on Dastgyr range from fast-moving consumer goods (FMCG), stationery to mobile accessories and soon clothes. 

“We started piloting the product in May 2020, at the peak of the Covid-19 outbreak. In September, we officially launched the app and kicked off operations. Since then, We've served 30,000 customers in Karachi and Lahore, we've fulfilled orders worth several millions of dollars,” Saif Ali, general manager and head of marketing and public relations (PR) department at Dastgyr told Wamda. 

With the fresh funding, the startup will be able to scale its sorting centre operations and grow its team. It also plans to launch its fintech-focused products in Q3 2021.

According to Ali, Dastgyr will soon prepare for its Series A round, which will enable the startup to fuel its expansion to international markets, including Egypt and the UAE.