Markaz Technologies is a new firm situated in Islamabad with a group of dynamic young people who are determined to deliver quality to micro-entrepreneurs. The startup just announced its receipt of $2.4 million in initial capital.
Markaz Technologies was established in the year 2021. Shoaib Khan, Fawad Hussain, Sameel Hayat, and Umair Aslam, the founders, hailed from different parts of the nation and had previous job experiences with Telenor, Amazon, Easypaisa, and Alipay. They settled on a business concept and launched the firm based on their diversified job experience and public relations. Indus Valley Capital (IVC) has also partnered with Markaz to assist them in realizing their ambitions.
IVC was in charge of the whole investment. Suya Fund’s Kyane Kassiri and executives from Careem, Deloitte, Amazon, and Gojek are among the other investors.
Markaz Technologies is a firm supported by Y-Combinator, a famous US-based accelerator. It provides a resale platform for those who wish to sell wholesale items in Pakistan through their own online website from anywhere in the country; the distributors may profitably offer their product through their media outlets without having to make any investments.
Awan said that the company will help small businesses, including startups, achieve sustainable growth through blockchain technology. This is great news for small businesses looking to reach a large market while helping their customers with secure payments.
The company will utilize investment from the successful funding round to further scale and develop its mobile platform by enhancing its delivery operations, payment and customer service.
This is a fantastic chance for small companies and entrepreneurs that do not often have access to a platform to market their goods; this will allow them to participate in the financial system. The team also wishes to contribute to the growth of e-commerce by making products easily accessible to the public. This new venture will support small businesses in the communities. People would also be able to purchase things at wholesale prices from the producer, giving them a financial edge.
Markaz Technologies will use seed financing to expand its mobile platform and improve delivery and payment alternatives. In a word, the organization is using this technology to provide an exceptional customer experience.