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Wednesday, September 28, 2022

Oware startup raises $3.3 million to streamline Pakistan’s supply chain

Pakistan-based B2B warehousing and distribution startup Oware has bagged $3.3 million in pre-seed investment spherical.

Oware is a new supply chain startup that first entered the Pakistani market last year and the company plans to offer scalable and tech-driven warehousing and distribution for B2B and retail through a connected network of fulfillment centers and third-party logistics providers. Its clever business ideas drew a large number of investors and helped the company gain their backing.

The company is well-known for offering B2B smart warehousing and intelligent distribution solutions that offer greater transparency, greater flexibility, and lower capital costs. It has raised $3.3 million in its pre-seed round, which is a significant accomplishment for the start-up company.

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Silicon Valley investors such as Flexport Fund and Ratio Ventures supported and backed the pre-seed round. Global investors such as Seedstars International Ventures, Osiris Group, Swiss Founders Fund, Reflect Ventures, +92 Ventures, Walled City Co, and other strategic angel investors have also been lost.

The primary goal of the company was to use new technology and intelligent solutions to bridge the gap in the distribution chain. They seized this underserved opportunity in B2B goods movement and introduced a flexible warehousing and distribution platform, as well as a flexible response to demand fluctuations.

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Many companies’ delivery systems are quite slow, resulting in significant expenses and time loss. This is due to a lack of flexibility and insight, which leads to excessive warehousing and inventory spending. All of this leads to expensive and late deliveries, as well as reduced operational visibility. Oware offers much faster and more affordable delivery of goods.

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