Bazaar Technologies Valuation, Funding & Investors
Bazaar Technologies is valued at $13M as of January 2021.
Last Bazaar Technologies valuation
$13M
Seed · Jan 2021
Last Bazaar Technologies funding round
$70M
Series B · Mar 2022
Cumulative funding Bazaar Technologies raised
$108M
across 4 funding rounds
Key investors in Bazaar Technologies
Indus Valley Capital
Global Founders Capital
Wavemaker Partners
Acrew Capital
Defy.vc
BY Venture Partners
About Bazaar Technologies
Bazaar Technologies is a Lahore-headquartered mobile app serving Pakistan's small and medium retailers. It provides access to inventory from local wholesalers and international brands like Unilever and Procter & Gamble, with free next-day delivery to over 100 cities. The platform supports daily ordering for groceries, electronics, and household essentials.
Founded
2020
HQ
KarachiWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$13M (Jan 2021)
Bazaar Technologies Valuation
Bazaar Technologies is currently valued at $13M, based on its seed round in January 2021.
The $7M round was led by Global Founders Capital and Indus Valley Capital.
Bazaar Technologies valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2021 | Seed | $13M |
Bazaar Technologies Funding History
Bazaar Technologies has raised a total of $108M across 4 funding rounds.
Bazaar Technologies' first fundraising round was a $1M pre-seed round in June 2020. The most recent completed round was a $70M Series B in March 2022.
Bazaar Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series B | Dragoneer (lead); Tiger Global (lead); Zayn Venture Capital (Formally Zayn Capital); Acrew Capital; BY Venture Partners; Endeavor Catalyst; Wavemaker Partners; Indus Valley Capital; Defy.vc | $70M | - | Bazaar Technologies, founded in June 2020 by Hamza Jawaid and Saad Jangda in Karachi, Pakistan, operates as a B2B e-commerce and fintech platform offering procurement, fulfillment, operating software, digital lending, and supply chain products to merchants and suppliers. The company targets Pakistan's traditional retail economy, providing top brands direct access to underserved merchants via real-time analytics, while its Easy Khata bookkeeping product has onboarded over 2.4 million businesses across 500 cities and towns, recording over $10 billion in annualized bookkeeping transaction value. Bazaar Credit offers short-term working capital financing to an unbanked merchant base, with operations servicing 21 towns and cities covering 30% of Pakistan's population through more than a dozen fulfillment facilities, expanding by 3-4 new areas monthly. On March 14-15, 2022, Bazaar raised $70 million in a Series B round led by Dragoneer Investment Group and Tiger Global Management, with participation from existing investors Acrew Capital, BY Venture Partners (B&Y), Defy.vc, Indus Valley Capital, Wavemaker Partners, and Zayn Capital (formerly Zayn Capital). This followed a $30 million Series A six months prior, bringing total funding to approximately $107.8 million, positioning Bazaar as one of Pakistan's most well-funded startups. The funds aim to expand into more cities, launch new marketplace categories, scale lending offerings like Bazaar Credit (now fully in-house and digitally enabled), and accelerate product development to cover over 100 urban and rural centers. Investors highlighted Bazaar's rapid geographic expansion, product innovation, and potential to build an end-to-end platform for millions of offline merchants in Pakistan's $170 billion retail market. The company emphasizes its network for moving goods across categories and strengthening distribution for brands. |
| Aug 2021 | Series A | Defy.vc (lead); Wavemaker Partners (lead); Zayn Venture Capital (Formally Zayn Capital); Acrew Capital; BY Venture Partners; Saison Capital; Global Founders Capital; Alter Global; Next Billion Ventures; Indus Valley Capital | $30M | - | Bazaar Technologies is an e-commerce and financial services platform based in Karachi, Pakistan, founded in 2020 to digitize retail and provide everyday low pricing on essentials for homes and businesses. The company operates a mobile app giving small and medium-sized retailers access to a large assortment of goods from multiple local and international brands, with next-day delivery to storefronts. The company raised a Series B round of $70 million in March 2022, demonstrating strong investor confidence in the Pakistani startup ecosystem. |
| Jan 2021 | Seed | Global Founders Capital (lead); Indus Valley Capital (lead) | $7M | $13M | Bazaar Technologies is Pakistan's leading e-commerce and financial services technology platform that connects households and businesses to a wide range of products. The company's integrated approach enables affordable and accessible purchasing of essential goods for everyday life. In January 2021, Bazaar Technologies raised $6.5 million in seed funding, with the round led by Global Founders Capital and Indus Valley Capital. The capital supported the company's expansion and platform development in Pakistan's e-commerce sector. |
| Jun 2020 | Pre-seed | Indus Valley Capital (lead); Alter Global | $1M | - | - |
Who has invested in Bazaar Technologies?
13 investors have backed Bazaar Technologies across its funding rounds, including Indus Valley Capital, Global Founders Capital, Wavemaker Partners, Acrew Capital, Defy.vc and BY Venture Partners.
Lead investors include Dragoneer, Tiger Global, Defy.vc, Wavemaker Partners, Global Founders Capital and 1 other investor.
Bazaar Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Karachi | 4 | Lead | Jun 2020 | |
| Islamabad | 2 | Participant | Aug 2021 | |
 San Francisco, CA | 2 | Participant | Aug 2021 | |
 St. Helier | 2 | Participant | Aug 2021 | |
 Berlin | 2 | Lead | Jan 2021 | |
| San Francisco, CA | 2 | Participant | Jun 2020 | |
 Singapore | 2 | Lead | Aug 2021 | |
| San Francisco, CA | 2 | Lead | Aug 2021 | |
| San Francisco, CA | 1 | Lead | Mar 2022 | |
| Singapore | 1 | Participant | Aug 2021 | |
| New York City, NY | 1 | Participant | Mar 2022 | |
This data is available for Pro users. Sign up to see all 13 Bazaar Technologies investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Bazaar Technologies
Bazaar Technologies has acquired 1 company to date.
Last acquisition by Bazaar Technologies was on July 9th 2025. Bazaar Technologies acquired Keenu for undisclosed valuation.
Latest Acquisitions by Bazaar Technologies
| Description | Keenu is a Lahore-headquartered fintech company offering digital wallet and payment solutions across Pakistan. Its Keenu Wallet enables bill payments, online shopping, and in-store transactions at over 6,000 POS terminals nationwide. The platform covers retail, travel, and utilities, processing millions of transactions monthly for merchants and consumers. |
| HQ Country | |
| HQ City | Karachi |
| Deal Date | 9 Jul 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Bazaar Technologies acquisitions and their M&A valuation multiples. Start Free Trial | |
Bazaar Technologies Competitors
Bazaar Technologies competitors include listed companies like Gogox Holdings and Dataworks Group, and private ones like EdenFarm Indonesia, Tienditapp, Glovendor and Meru.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
 Jakarta | Private | - | - | $12M | |
 Mexico City | Private | - | - | $12M | |
| Nashville, TN | Private | - | - | $15M | |
| Mexico City | Private | - | - | $15M | |
 Hong Kong | Publicly listed | $100M | ($22M) | $10M | |
 Australia | Publicly listed | $5M | ($6M) | $10M |
Bazaar Technologies Public Comps
Bazaar Technologies is still privately-owned, but its public comps include DSM Fresh Foods, AirCloset, Rebase, ASMALLWORLD, Dataworks Group, Gogox Holdings, Born, Creema, RMA Global and Creatd.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $23M | $3M | 0.8x | - | 5.5x | - | |||
| $32M | $4M | 0.6x | 0.6x | 5.0x | - | |||
| $14M | $942K | 0.7x | 0.6x | 9.9x | - | |||
| $23M | $920K | 0.5x | 0.5x | 13.2x | 10.8x | |||
| $5M | ($6M) | 2.0x | - | (1.7x) | - | |||
| $100M | ($22M) | - | - | - | - | |||
| - | ($40K) | - | - | (246.6x) | - | |||
| $16M | $726K | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Bazaar Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Bazaar Technologies
| When was Bazaar Technologies founded? | Bazaar Technologies was founded in 2020. |
| Where is Bazaar Technologies headquartered? | Bazaar Technologies is headquartered in Karachi, Pakistan. |
| Is Bazaar Technologies publicly listed? | No, Bazaar Technologies is a private, VC-backed company. |
| What is Bazaar Technologies' valuation? | Bazaar Technologies was last valued at $13M in its seed round in January 2021. |
| How much funding has Bazaar Technologies raised? | Bazaar Technologies has raised $108M across 4 funding rounds. |
| What was Bazaar Technologies' last funding round? | Bazaar Technologies' last funding round was a $70M Series B in March 2022, led by Dragoneer and Tiger Global. |
| Who are Bazaar Technologies' investors? | Bazaar Technologies' investors include Indus Valley Capital, Zayn Venture Capital (Formally Zayn Capital), Acrew Capital, BY Venture Partners, Global Founders Capital, Alter Global, Wavemaker Partners, Defy.vc, Dragoneer, Saison Capital and 3 others. |
| Which companies are comparable to Bazaar Technologies? | Companies comparable to Bazaar Technologies include EdenFarm Indonesia, Tienditapp, Glovendor, Meru, Gogox Holdings and Dataworks Group. |
| How many companies has Bazaar Technologies acquired? | Bazaar Technologies has acquired 1 company, including Keenu. |
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