Pakistani social commerce startup DealCart raises $4.5 million in funding

Pakistani social commerce startup DealCart raises $4.5 million in funding
Photo by Dennis Siqueira / Unsplash

DealCart, a Pakistani social commerce startup has raised $4.5 million in its pre-seed funding round, four months after it launched.

  • The capital will be invested in scaling its product and hiring new talents to further improve its operations.
  • DealCart is a group buying platform that allows users to buy and save together, with the aim of enabling underserved communities to access daily essential products, using a gamified and interactive approach.
  • The startup intends to increase the visibility of locally made brands in Pakistan and enable people to access essentials through its platform.
  • Shorooq Partners led the funding with participation from Fatima Gobi Ventures, Vibe Capital, 500 Global, i2i Ventures, Julian Shapiro, Rally Cap Ventures, Alex Lazarow, and a clutch of business angels.