Krave Mart aims to be one of the pioneers to revolutionize Q-Commerce by delivering products within 10 minutes! We want to be faster and live by our core value of “Need for Speed”! We have announced the largest pre-seed funding in Pakistan, worth $6 Million led by some of the most iconic investors who have previously invested in rocket ships like Delivery Hero, Gorillas, Meituan, Rabbit, Kitopi, Zeptos, and many more unicorns.
Investors’ list includes MSA (lead), ru-Net (lead), Zayn Capital (Co-lead), GFC (Global Founder Capital) (Co-lead), Saison Capital, +92Ventures, 2AM, Mehta Ventures, Jeddar Capital, Lakson Investments and strategic angel investors including the Co-Founder of Flink (Saad Saeed), Global CFO SWVL (Youssef Salem), VP of SWVL (Omar Salim), Aly Hesham (Global Head Expansion – SWVL), CEO of Homzmart (Mahmood Ibrahim), Co-Founder of Fubo TV (Sung Choi) and Sajid Rehman (My Asia).
About Founders:
The four masterminds who are behind this setup are Kassim Shroff, Hammad Bawany, Haziq Ahmed, and Ahsan Kidwai. These four talented young men are well versed in the e-commerce world, with years of individual experience working at Foodpanda, Daraz, and SWVL along with experience working in international markets like Canada and U.K. and emerging markets in the SEA region. They are channeling their passion to deliver up to the expectations of the tech-savvy generation that is response-driven, and prefer instant deliveries.
Founder Profiles:
1. Kassim Shroff (CEO & Co-Founder)
2. Hammad Bawany (CPO & Co-Founder)
3. Ahsan Kidwai (CCO & Co-Founder)
4. Haziq Ahmed (COO & Co-Founder)
About Krave Mart:
We are a one-stop online delivery store offering a 10-minutes delivery service for groceries, personal care, health and beauty, and other everyday essentials, and much more from a network of dark stores! With the global evolution of technology, we aim to revolutionize the concept of deliveries in Pakistan! Putting our customers at the heart of our business, we offer 1000s of products, ensuring quality & authenticity, while promising a faster service with greater convenience!
Founded by incredibly talented and experienced industry professionals; who are in a constant pursuit to disrupt and innovate! We’re hustling, we’re energetic and always stay grounded. We never stop! We are Kravers! We take pride in being an inclusive organization, where every individual working at KraveMart takes ownership and has a sense of belonging; be it employees, riders, vendors or other stakeholders.
Our Beacon of Hope
- Current Presence
- Covered 25% of Karachi’s population in the 1st month of being operational
- Future Plans:
- To cover 100% population of Karachi by end of January 2022
- Expansion in KLI and emerging markets of Pakistan like; Multan, Faisalabad, Gujranwala, Sialkot, Peshawar, Quetta, Sukkur, and Hyderabad
- Expansion to other countries in Sout-East Asia like Sri Lanka, Nepal, Bangladesh and
more
- Local & Global Impact:
- Looking to create a social impact in the q-commerce landscape by serving 100 million
households consisting of our employees, partners, riders, and customers across South
East Asia - Revolutionising technology and operations to conserve resources and help the
environment by reducing our carbon footprint
- Looking to create a social impact in the q-commerce landscape by serving 100 million
Kassim Shroff, Co- Founder & CEO:
“With a mission to keep customers at the heart of our priorities and ensuring 10 mins delivery and quality products, our aim is to give people back some of their valuable time that they would otherwise spend by going to neighborhood grocery stores. We see a huge potential and opportunity in this market and we have put our heads down to ensure we execute properly and deliver on what we have promised.
Ahsan Kidwai, Co-Founder & CCO:
“At times you need to purchase something urgently but don’t have the means or the time to physically go to stores. There are several areas in the country where there aren’t any marts or general stores – a problem to solve for. We wanted to make sure people have uninterrupted supplies of grocery essentials and don’t have to face the hassle of waiting in long queues.”
Hammad Bawany, Co-Founder & CPO:
“There is a common problem in the country. Sometimes e-stores would still list a product that they no longer have available in their inventory. This is a glitch in their app and their inventory management systems, which becomes frustrating for customers. After waiting for 10–20 minutes, the order gets canceled and the customer is informed that the products they’ve ordered are no longer available. This can damage the reputation of the e-store, affect the consumer shopping experience and also results in loss of valuable time on both ends”
Haziq Ahmed, Co-Founder & COO:
“Pakistan has the potential for 500+ dark stores with high population density areas. Our teams are lean, agile, and efficient which is helping us in scaling faster than any q-commerce player in the world. Also, we aspire to build a sustainable business model starting with groceries and eventually incorporating fashion, beauty, electronics, and other categories super customized as per locality and consumer. The 10-Minutes delivery model is going to be the game-changer for this industry and will set a bar for all the players to come in the Q-Commerce landscape,”
● MSA Capital:
“Quick commerce will redefine how users shop for groceries in Pakistan, which today is a hyper-fragmented and inefficient experience. We’ve benchmarked and invested in similar models globally and believe Pakistan is a market ripe for disruption. Given their relevant backgrounds, Kassim, Haziq, Ahsan, and Hammad are best suited to execute this model and build Pakistan’s leader”
● Faisal Aftab, Co-Founder & Managing Partner of Zayn Frontier Fund:
“The Krave team consists of rockstars from Daraz, FoodPanda and SWVL. We feel that the collective experience of this team will allow them to scale rapidly as they have no learning curve in the quick commerce vertical. We’re really excited to be a part of their journey to create the next generation of e-commerce & delivery in Pakistan.”
● Kirill Kozhevnikov, a Partner of ru-Net:
“Refrigerators improved the quality of life by allowing families to stock up groceries and have food available at any point of time. We believe q-commerce will disrupt household infrastructure and retail shopping all over the world: obviously there is no need to go shopping and then chill/freeze food if you can order fresh products at retail prices in no time. We are backing team Krave, one of the strongest teams on the market, to fuel its vision to ease the everyday life of customers.”
● Tito Costa, Partner at Global Founders Capital:
“Krave is bringing a world-class customer experience to the Pakistani quick-commerce market. We are proud to back a stellar team as they scale their operations across the country”
● +92Ventures:
“Q-commerce has emerged as the most sought-after sub-segment in venture capital over the last few years. The exceptional team at Krave Mart is solving for convenience in rapidly growing urban centers across Pakistan and beyond. Backing this start-up was a no-brainer for us at +92Ventures.”
● Brendan Rogers and Hershal Mehta (Co-Founders of 2 AM):
“It’s becoming apparent that Pakistan has checked all of the boxes that the timing is right for technology to solve massive pain points for individuals. We believe Krave Mart is on the forefront of becoming a category leader in q-commerce.”
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