Systems Ltd’s associate 'Jugnu' raises $22.5mn in funding

MG News | March 25, 2022 at 12:39 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 25, 2022 (MLN): Jugnu, the budding B2B Pakistan-based E-Commerce platform from Lahore, has raised $22.5 million in funding after entering a strategic alliance with Sary which is the leading MENA-based online commerce marketplace.

Earlier, Systems Limited made an equity investment in Retailistan, the parent company of Jugnu, acquiring a 20% stake in the business, joining hands with the now-progressing retail accelerator.

Jugnu has currently connected more than 30,000 kiryana (small retail stores) and SMEs directly with manufacturers through its app to address digitization challenges across Pakistan's eCommerce industry. With Systems Limited as a catalyst for growth, Jugnu can upscale the digital retail landscape on all fronts.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,478.94 174.95M	-0.41% -696.57
ALLSHR	102,885.54 725.60M	-0.29% -297.60
KSE30	50,877.61 79.52M	-0.67% -344.88
KMI30	243,917.86 73.26M	-0.62% -1524.88
KMIALLSHR	66,743.35 311.96M	-0.35% -234.16
BKTi	46,317.47 21.24M	-0.81% -377.00
OGTi	35,218.63 5.39M	-1.33% -473.03

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,865.00	62,405.00 59,600.00	350.00 0.58%
BRENT CRUDE	92.78	95.90 92.67	-2.25 -2.37%
RICHARDS BAY COAL MONTHLY	122.00	122.00 121.00	-0.75 -0.61%
ROTTERDAM COAL MONTHLY	134.35	138.25 134.00	0.30 0.22%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	90.25	93.63 89.68	-2.79 -3.00%
SUGAR #11 WORLD	14.12	14.50 14.09	-0.15 -1.05%