Pakistan’s logistics startup, Cheetay, has secured $7.8 million in a funding round led by a Saudi Arabian company, MSA Capital. The funding will be used to expand Cheetay’s logistics network and improve its technology. The startup is betting on the growth of e-commerce in Pakistan and is looking to become the country’s leading logistics provider.
Pakistan’s Logistics Startup Raises Funds for E-Commerce Bet
Cheetay was founded in 2016 and has since grown to become one of Pakistan’s leading logistics startups. The company offers a range of logistics services, including last-mile delivery, warehousing, and inventory management. With the latest funding, Cheetay plans to expand its network and improve its technology to better serve the growing e-commerce market in Pakistan.
The e-commerce market in Pakistan has seen significant growth in recent years, with more people turning to online shopping. The COVID-19 pandemic has also accelerated the shift to online shopping, leading to increased demand for logistics services. By investing in its logistics network and technology, Cheetay hopes to capture a larger share of the growing e-commerce market in Pakistan.
Innovative Solutions from Pakistani Logistics Startup
Cheetay has been developing innovative solutions to address the logistics challenges in Pakistan. For example, the company has developed a proprietary algorithm that optimizes delivery routes and reduces delivery times. It has also established a network of micro-fulfillment centers that enable it to deliver products faster and more efficiently.
In addition to its logistics services, Cheetay has also launched its own e-commerce platform, which features a range of products from local and international brands. The platform leverages Cheetay’s logistics network to offer fast and reliable delivery to customers across Pakistan. With its innovative solutions and commitment to customer service, Cheetay is well-positioned to become a leading player in the e-commerce and logistics markets in Pakistan.
Cheetay’s latest funding round is a testament to the potential of the e-commerce market in Pakistan and the innovative solutions being developed by Pakistani startups. With its focus on logistics and technology, Cheetay is well-positioned to capitalize on the growing demand for e-commerce and logistics services in Pakistan. As the company continues to expand, it is likely to play a key role in shaping the future of e-commerce and logistics in the country.
