LAAM, a Lahore, Pakistan-based trend market, raised $5.5m in seed funding.
The spherical was led by Disrupt.com and Zayn VC, with participation from Graph Ventures, Mentors Fund, and tech leaders from Oracle, Microsoft, Google, and Salesforce amongst others.
The corporate intends to make use of the funds to broaden its efforts to highlight the area’s best artisans and showcase its numerous ethnic trend merchandise on a world stage.
Led by Arif Iqbal, CEO, LAAM supplies a platform for South Asian trend, providing a curated catalog of over 100,000 articles from 1,000+ manufacturers. With gross sales spanning 100+ international locations and a rising catalog, the corporate has a global presence with high 5 markets together with the US, Canada, the Center East and Pakistan.
LAAM has developed a sound e-commerce infrastructure, encompassing provide chain options, vendor enterprise administration software program, and warehousing capabilities. Past its market enterprise, LAAM Applied sciences now affords this proprietary know-how and infrastructure as a platform referred to as Octane, designed to assist companies set up an internet presence and broaden globally. It at the moment helps over 50 companies.
FinSMEs
12/12/2024
