A Karachi-based B2B e-commerce platform partners with Tapal Tea in its mission to digitize and empower SMEs in Pakistan. This collaboration will directly impact and uplift small and medium-sized retailers in Pakistan.
Jugnu is a reliable and easy-to-use B2B platform for ordering and getting deliveries with 24-hour operations. Ordering stocks online saves time for retailers that can be spent building meaningful relationships with their customers.
In Pakistan, small and medium enterprises create an estimated 60% of employment opportunities. With more than 2 million small-sized retailers lacking ease of inventory procurement, their earning potential is restrained. This directly affects the livelihoods of small business owners, their employees, and their families.
Technology platforms like Jugnu enable SMEs to change everything. This platform will help businesses to attain financial stability, increase efficiency, and empower them to reach new heights.
Jugnu is a Karachi-headquartered B2B e-commerce platform and its parent company is Saleflo. They have raised $3.2 million (PKR 518 million) from Systems Limited, a Lahore-based leading global technology, and business process outsourcing services provider. Some local investors also participated in the deal.
System limited made an investment of $3 million in exchange for a 20 percent equity in the company. Jugnu raised this investment through the Crunchbase platform.
Salesflo had started in 2015 as a software company that built the country’s first cloud-based sales and distribution platform for FMCGs. Salesflo has worked with 40 enterprise FMCGs, pharmaceutical, and distribution companies.
Jugnu launched in 2020,by Salesflo, enabling small grocery retailers in the country to acquire inventory for their stores. Currently available in Lahore, Jugnu serves thousands of grocery store owners through its mobile app and fulfillment centers – offering next-day delivery for all their purchases. The startup plans to use the latest funds to further expand Jugnu.
With the collaboration of a technology company like Systems Limited, Jugnu can unlock many opportunities for it in near future. Systems has a market cap of over $430 million. It owns and operates OneLoad, a fintech that enables retailers to earn money by selling digital products.
Jugnu has grown exceptionally well in the last two years since it’s working together with Systems and OneLoad.