# DealCart

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dealcart

- Industry: Internet
- Headquarters: Karachi, Pakistan
- Website: www.dealcart.io
- Total disclosed funding: $3M
- Latest round: Series A (Jul 5, 2024)
- Investors on record: 6

## About

Based in Karachi, Pakistan, and founded in 2022, LOCAL E-STORE (PRIVATE) LIMITED, dba DealCart provides social commerce marketplace that enables the consumer to buy products in groups using mobile devices. The company was founded by co-founders Ammar Naveed and Haider Raza. In July 2024, DealCart raised USD 3 million in Series A funding co-led by 500 Global, Evolution VC, Rayne Capital, and Khyber Venture Partners.

The company offers group buying social commerce platform platform that allows users to buy products in groups and share deals on whatsapp and other social media. The firm’s platform allows users to create a group and share the group link through social platforms or have the option to join the existing group. In addition, the business enables the user to access affordable products in a gamified and interactive manner through which customers place a large order. 

The company plans to use the funds raised in July 2024 to broaden its reach and make basic commodities more affordable to low- and middle-income people throughout Pakistan.

## Funding rounds

- Series A, Jul 5, 2024, $3M — Rayne Capital Management, 500 Global, Shorooq Partners, Evolution VC Partners, Sturgeon Capital, Khyber Venture Partners

## Investors

- Rayne Capital Management — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Shorooq Partners (https://capitalatlas.ai/funds/shorooq-partners) — Series A
- Evolution VC Partners (https://capitalatlas.ai/funds/evolution-vc-partners) — Series A
- Sturgeon Capital (https://capitalatlas.ai/funds/sturgeon-capital) — Series A
- Khyber Venture Partners — Series A