About Mandi Express
Mandi Express is a company based in Karachi (Pakistan) founded in 2015.. Mandi Express has raised $725 thousand across 1 funding round from investors including Lakson Investments and Disrupt. Mandi Express operates in a competitive market with competitors including Krave Mart, Airlift Express, GrocerApp, Airlift Tech and 24Seven, among others.
- Headquarter Karachi, Pakistan
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$725 K (USD)
in 1 rounds
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Latest Funding Round
$725 K (USD), Seed
Feb 21, 2020
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Investors
Lakson Investments
& 1 more
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Employee Count
Employee Count
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Funding Insights of Mandi Express
Mandi Express has successfully raised a total of $725K through 1 strategic funding round. The most recent funding activity was a Seed round of $725 thousand completed in February 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $725,000
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First Round
First Round
(21 Feb 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Seed - Mandi Express | Valuation | Lakson Investments |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mandi Express
Mandi Express has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Lakson Investments and Disrupt. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Lakson Investments is recognized as Pakistan’s largest independent asset manager.
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Founded Year | Domain | Location | |
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Disrupt is engaged in AI-powered venture building and investment.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mandi Express
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Mandi Express
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mandi Express Comparisons
Competitors of Mandi Express
Mandi Express operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Krave Mart, Airlift Express, GrocerApp, Airlift Tech and 24Seven, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online delivery store offering groceries and everyday essentials
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| domain | founded_year | HQ Location |
Multi-category grocery supplies are delivered through an online platform.
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| domain | founded_year | HQ Location |
On-demand grocery delivery is facilitated via mobile applications.
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| domain | founded_year | HQ Location |
Groceries and medicines are delivered through a mobile app.
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| domain | founded_year | HQ Location |
Multi-category grocery products are delivered via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Mandi Express
When was Mandi Express founded?
Mandi Express was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Mandi Express located?
Mandi Express is headquartered in Karachi, Pakistan. It is registered at Karachi, Sindh, Pakistan.
Is Mandi Express a funded company?
Mandi Express is a funded company, having raised a total of $725K across 1 funding round to date. The company's 1st funding round was a Seed of $725K, raised on Feb 21, 2020.
What does Mandi Express do?
Mandi Express was founded in 2015 in Karachi, Pakistan, as an on-demand platform in the grocery delivery sector. Fresh organic vegetables are sourced directly from farmers and made available for ordering through the website, with online payment options provided. Delivery services are offered to users, while B2B operations assist restaurants in procuring vegetables at reduced costs from the same sources. The domain mandiexpress.pk supports these activities.
Who are the top competitors of Mandi Express?
Mandi Express's top competitors include Krave Mart, Airlift Express and GrocerApp.
Who are Mandi Express's investors?
Mandi Express has 2 investors. Key investors include Lakson Investments, and Disrupt.