Pakistan-based, emerging fashion e-commerce platform “Bagallery” has achieved a $900,000 Pre-Series A funding round from Lakson Venture Capital (“LVC”), as per the statement by the company.
Mina Salman, Co-Founder of the company has confirmed that the said funds have been disbursed some weeks back. He further mentioned that only Lakson Venture Capital was engaged in the Pre-Series A round.
BaGallery was founded by Husband Wife Duo of Salman and Mina back in 2013 with simple presence on social media. Now their followers are in excess of 300,000. BaGallery is planning to raise further funds in next round of funding in 2021 for expansion
Keeping in view rising demand from young population, Company launched a dedicated e-commerce platform with full fledge operations and fulfilment teams.
Bagallery has made strategic partnerships with Procter&Gamble, Unilever,L’Oreal, Kiko Milano and others for providing authentic Products to the consumers.
Faisal Aftab, Managing Partner of Lakson Venture Capital said:
“Bagallery is in line with our core investment philosophy of supporting strong teams with a proven business model and potential to scale”
“The beauty and personal care market in Pakistan is projected to have billions in revenues over the next 5 years. This represents a tremendous opportunity for market leaders like Bagallery, especially at a time where internet adoption in Pakistan has attained critical mass with more than 80 million active users”
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