Pakistani startup Bazaar raises $30m in Series A financing

Bazaar, a year-old B2B marketplace from Pakistan, has raised $30 million in Series A financing co-led by Silicon Valley-based Defy Partner and Singapore-based Wavemaker Partners.

According to a press statement, the round takes Bazaar’s total funding to $38m, “making it one of the best funded startups in the country”.

Other investors who took part in the round included US-based Acrew Capital, Japan’s Saison Capital, UAE’s Zayn Capital and B&Y Venture Partners and a Silicon Valley-based growth fund.

Bazaar was founded in June 2020 with the aim of catering small and medium-sized enterprises in Pakistan to procure inventory, manage their bookkeeping and access financial services to simplify and help them grow.