A Pakistani e-commerce platform PriceOye raises 70,541,955.00 Pkr in seed funding led by Fatima Ventures.
PriceOye, an e-commerce collector based in Pakistan, has raised seed funding of $450,000 led by Fatima Ventures. Local venture capital (VC) firm Artistic Ventures and Kinetico have entered the round.
According to a statement, PriceOye will invest the capital to improve the e-commerce user experience, drive transactions on its platform.
Adnan Shaffi, co-founder and CEO of PriceOye told “We are solving a definite problem for online shoppers”. “A stunning majority of shoppers set up their mind after visiting at least three different online stores. We’ve designed PriceOye to be the only website you need for gathering important information on your next purchase.”
Price comparison platforms have become very significant at a time when the Pakistani e-commerce market is witnessing grow.
“They become useful in driving consumer decisions which becomes highly important to all the eCommerce players. We truly believe that is the winning team and we are proud to be investing in PriceOye,” Ali Mukhtar, CEO, Fatima Ventures.