LAAM, a Lahore, Pakistan-based fashion marketplace, raised $5.5m in seed funding.
The round was led by Disrupt.com and Zayn VC, with participation from Graph Ventures, Mentors Fund, and tech leaders from Oracle, Microsoft, Google, and Salesforce among others.
The company intends to use the funds to expand its efforts to spotlight the region’s finest artisans and showcase its diverse ethnic fashion products on a global stage.
Led by Arif Iqbal, CEO, LAAM provides a platform for South Asian fashion, offering a curated catalog of over 100,000 articles from 1,000+ brands. With sales spanning 100+ countries and a growing catalog, the company has an international presence with top five markets including the US, Canada, the Middle East and Pakistan.
LAAM has developed a sound e-commerce infrastructure, encompassing supply chain solutions, seller business management software, and warehousing capabilities. Beyond its marketplace business, LAAM Technologies now offers this proprietary technology and infrastructure as a platform called Octane, designed to help businesses establish an online presence and expand globally. It currently supports over 50 businesses.
FinSMEs
12/12/2024