Defy, Wavemaker back Pakistani start-up Bazaar

Defy Partners in the US and Wavemaker Partners in Singapore lead the $30m Series A for Bazaar, bringing the company's total funding to $38m.

Karachi, Pakistan-based Bazaar, a B2B ecommerce company launched last year, announced it has raised a $30 million Series A round. US-based Defy Partners and Singapore-based Wavemaker Partners led the round, which ranks as the largest Series A in Pakistan.

The round also saw participation from Acrew Capital, Japan’s Saison Capital, UAE’s Zayn Capital and B&Y Venture Partners and a Silicon Valley-based growth fund. Existing investors Indus Valley Capital, Global Founders Capital, Next Billion Ventures, and Alter Global also participated. Several angel investors, including current and former leaders of Antler, Careem, Endeavor, Gumroad, LinkedIn and Notion, joined the round.

Bazaar has now raised $38 million in total funding.

Source: Company press release