Fashion e-commerce platform Jomo has raised strategic investment to the tune of $850,000 from Systems Ventures. The e-commerce company’s previous investors include Bob Din, a US-based entrepreneur, and investor, as well as local corporates Servis Group and Speed Private Ltd.
Asif Peer, CEO of Systems Limited, the parent company of Systems Ventures, said, “We are gratified to strategically invest in JOMO, Pakistan’s fastest-growing fashion e-commerce company. With seamless last-mile delivery and a uniquely positioned ‘Try before you buy’ excellence model, JOMO has firmly positioned itself as a leading e-commerce brand in the fashion ecosystem. As a technology partner and strategic investor, we are convinced that JOMO will be a trendsetter for other e-commerce ecosystems in Pakistan.”
Ali Khan-Bajauri, Cofounder and CEO of JOMO, noted, “We are delighted to have a leading, global technology partner and investor like Systems on board. Systems investment closes our first round of private funding. Before reaching out to Venture Capital (VC) seed funding, we at JOMO wanted to choose the right specialists to fully enable us to create gold standards in technology, data, brand building, beauty, and fashion.”