Here is How DealCart Provides Discounts on Groceries
The round was led by Shorooq Partners with participation from Fatima Gobi Ventures, Vibe Capital, 500 Global, i2i Ventures, Julian Shapiro, Rally Cap Ventures, Alex Lazarow and several “strategic angel investors.” Haider Raza and Ammar Naveed are the founders of DealCart. The startup wants to address the low usage of e-commerce among middle and lower-income segments in Pakistan. The startup was launched in March, DealCart has already attracted 50,000 Pakistani shoppers and facilitated 40,000 transactions. DealCart allows users to buy in groups and share deals through WhatsApp and other social media platforms. By participating in group buys, consumers are able to unlock lower prices. All you have to do is join DealCart by downloading its app to your phone and can then start shopping. For each item they want to buy, they can ask other DealCart users in need of the item – as well as friends, family and contacts on social media – whether they want to join a group in order to increase their purchasing power. As long as the group consists of at least four people, the supplier will offer a lower price than the consumer would otherwise have paid. Check Also: TiE Islamabad & US Embassy Hold Pakistan Startup Cup 2022 Grand Finale
