Karachi:Bazaar, Pakistan’s leading B2B commerce, fintech and supply chain platform for 5M+ businesses, is launching its newest business vertical, Bazaar Industrial – a simplified raw material sourcing platform for manufacturers across Pakistan.
Bazaar provides a digital suite of products to simplify operations across multiple verticals to businesses countrywide. Since its inception in 2020, Bazaar has raised over $100m in venture financing and has scaled to become the leading merchant aggregator with a footprint across 50+ cities.
With the launch of Bazaar Industrial, Bazaar is serving as an aggregator to solve for the pain points faced by suppliers and buyers in raw material procurement across 15+ categories including chemicals, construction, steel, textile, polymers, paint etc.
Through a tech-enabled platform, Bazaar Industrial is enabling suppliers with market intelligence and data insights, access to customers nationwide via a robust supply chain infrastructure and a dedicated sales force with deep industry experience. They are trusted by leading suppliers such as Matco, International Steels, Sabic and Nippon Paints, amongst many others.
To facilitate buyers, Bazaar Industrial is providing the best quotes on flexible payment terms, a comprehensive portfolio of raw materials and real-time insights with marketplace data points. They have already received tremendous interest from leading buyers such as Loads, Diamond Paints, Steelex, Novatex and Sapphire.
By solving the problems faced by Pakistan’s $20B+ raw material market, Bazaar Industrial aims to improve the trade economics of SMEs and simplify processes through digitization.
This vertical is headed by its Managing Director, Ali Ilyas, who brings 15+ years of experience in chemical marketing and distribution and has worked with top local and international suppliers for the Pakistani market. “It’s been incredible to join this rocketship with its stellar employer brand, world-class technology stack and significant capital base which will be a game changer in local raw material sourcing for customers and suppliers,” says Ali Ilyas.
Hamza Jawaid, the co-founder of Bazaar, adds, “We are incredibly excited to take the impact and learnings from our retail business to solve similar challenges for the industrial segment that is a major driver of Pakistan’s economy. In Ali and the entire Bazaar Industrial team we have deep expertise and stellar drive to establish a strong and growing business in this space.”
To get in touch with the Bazaar Industrial team, visit https://www.bazaartech.com/industrial
