# Zaraye

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

- Industry: Internet
- Headquarters: Karachi, Pakistan
- Website: www.zaraye.co
- Total disclosed funding: $2.1M
- Latest round: Seed (Apr 14, 2022)
- Investors on record: 3

## About

Based in Karachi, Pakistan, and founded in 2021 by CEO Ahsan Ali Khan, Hashair Junaid Ahmedani, and Taha Iqbal Teli, Zaraye offers an online platform to procure raw materials and helps manufacturers finance their working capital, serving the textile and construction industries. In April 2022, Zaraye raised USD 2.1 million in seed funding co-led by Tiger Global Management and Zayn Capital, with participation from +92 Ventures and individual investors.

The company product line includes a B2B raw materials procurement platform that connects manufacturers directly with the suppliers, which gives autonomy to the manufacturers to post their requirements and the relevant supplier gets notified to quote their rates. Zaraye also offers working capital to manufacturing companies to procure cotton yarn, cement, sand, gravel, and crushed stone. As of April 2022, the firm has about 500 suppliers and partners in approximately 13 cities. In addition, Zaraye provides a mobile application for both iOS and Android users.

## Funding rounds

- Seed, Apr 14, 2022, $2.1M — Tiger Global Management, +92 Ventures, Zayn VC

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Seed
- +92 Ventures — Seed
- Zayn VC (https://capitalatlas.ai/funds/zayn-vc) — Seed