Krrave Technologies Analysis: $6M Raised
What is Krrave Technologies?
Krrave Technologies operates Krave Mart, an online delivery service providing groceries and everyday essentials directly to customers' doorsteps.
Revenue
$21.3M
Product Features & Capabilities
- Groceries, everyday essentials, fast delivery, online payment options, fresh fruits and vegetables
How much Krrave Technologies raised
Pre-Seed - $6 million
December 15, 2021Lead Investor: MSA Capital, ru-Net, Global Founders Capital, Zayn Capital, Saison Capital, +92Ventures, 2AM, Mehta Ventures, Jeddar Capital, Lakson Investment, and multiple strategic angel investors.
Market Focus
Krrave Technologies primarily focuses on the online grocery delivery market, providing groceries and everyday essentials directly to customers' doorsteps through its platform, Krave Mart.
Business Model
Business model focuses on delivery efficiency; revenue from delivery fees and cart values.
Competitors Overview
Krrave Technologies, operating Krave Mart, faces competition from several notable companies in the online grocery delivery market in Pakistan. The main competitors include:
- Airlift Express: Known for its rapid delivery service, Airlift focuses on providing a wide range of grocery items with
Investors
- InDrive (California-based ride-hailing company) has made a strategic investment in Krrave Technologies, specifically in its grocery delivery service, Krave Mart.
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Financial Overview
$21.3MEstimated Revenue
$6MTotal Raised
Pre-Seed$6 million
December 15, 2021
Investors: MSA Capital, ru-Net, Global Founders Capital, Zayn Capital, Saison Capital, +92Ventures, 2AM, Mehta Ventures, Jeddar Capital, Lakson Investment, and multiple strategic angel investors.