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RIYADH: Oware, a Pakistan-based warehousing and distribution startup, has raised $3.3 million, in a pre-seed round led by venture capitals Flexport Fund and Ratio Venture along with other investors.
The company provides warehousing and distribution solutions for other businesses by offering picking, packing, and shipping all on one platform.
Oware will use its recently acquired funds to boost product development and talent acquisition, as well as expanding operations across Pakistan, MAGNiTT reported.
The logistics industry in Pakistan amounts to over $35 billion in market opportunity, and provides almost 6 percent of total employment, according to MAGNiTT.