Muhammad Owais is one of the co-founders of Dastgyr, a Pakistan-based B2B e-commerce marketplace. Along with other former Careem and Airlift employees, Muhammad Owais founded Dastgyr in 2020 to provide a platform for small retailers in Pakistan to procure inventory items on demand.
Dastgyr’s Seed Round funding of $3.5 million was led by SOSV, and other investors include ADB Ventures, Seedstars, Edgebrook Partners, Zayani Venture Capital, Tricap investments, and strategic angel investors. The funding will help Dastgyr to further develop and expand its platform, as well as improve its delivery and financial solutions for retailers in Lahore and Karachi.
Dastgyr is a Pakistani-based startup that provides a B2B e-commerce platform for small retailers in Pakistan to procure inventory items on demand. The company was founded in 2020 by a team of former Careem and Airlift employees, including co-founder Muhammad Owais, who previously worked in transit logistics.
Dastgyr has adopted a multifaceted approach to retail servicing, aiming to bridge the gap in the supply chain and elevate the procurement process for small businesses. The company has been successful in securing a Seed Round funding of $3.5 million led by SOSV, and other investors include ADB Ventures, Seedstars, Edgebrook Partners, Zayani Venture Capital, Tricap investments, and strategic angel investors.
Dastgyr has worked closely with London-based advisors EquiTie to enable its funding round and optimize the path to scalability. The company’s commitment to transforming the B2B logistics landscape and empowering small businesses has been recognized and supported by investors and advisors alike.
Dastgyr is also interested in providing its users with fintech solutions to increase demand and facilitate the diversification of its services. The company’s newly adopted Buy Now, Pay Later model has yielded promising results, and it plans to launch microloans solutions with strategic credit partners.
With SME retailers representing a combined market of roughly $125 billion dollars and 30-40% of the country’s GDP, Dastgyr aims to uplift and empower this segment with a near-perfect supply chain and financial inclusion. The company’s holistic and specialized approach, matched with the growing value of the e-commerce market in Pakistan, gives it an advantageous edge.
