Systems Limited subsidiary Systems Ventures makes equity investment in JOMO

TechnologySystems Limited subsidiary Systems Ventures makes equity investment in JOMO

LAHORE, Pakistan: Systems Limited has made a strategic investment in JOMO through its subsidiary Systems Ventures.

This investment accents how Systems Ventures aspires to amplify digital innovation and support Pakistani businesses that steer positive economic disruption.

   

JOMO has one of the leading and progressive eCommerce business model, and its excellence-guaranteed business framework played a momentous role in its rapid growth and set it apart from other key players. Systems Ventures is also excited to share the Board of Director’s table with leading names such as The Services Group, Sapphire Group, etc.

Asif Peer, CEO of Systems Limited, expressed, “We are gratified to strategically invest in JOMO, Pakistan’s fastest-growing fashion eCommerce company. With seamless last-mile delivery and uniquely positioned ‘Try before you buy’ excellence model, JOMO has firmly positioned itself as a leading eCommerce brand in the fashion ecosystem. As a technology partner and strategic investor, we are convinced that JOMO will be a trendsetter for other eCommerce ecosystem in Pakistan.”

Highly satisfied with the equity investment, Ali Khan-Bajauri, Cofounder and CEO of JOMO, shared, “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.”

“We are super excited to announce that with the addition of Systems, we have all the right partners now sitting around the table to help propel JOMO become a truly Global Pakistani eCommerce company,” he further added.

This significant investment diversifies Systems Ventures’ investment portfolio and advances the goal of building a digital-centric marketplace. The company also aims to supplement the economic well-being of Pakistan by creating more job opportunities.

Must read

Recent News

campaign against the Pakistan Army

Another campaign against the Pakistan Army is launched but this time from the other...

0
Islamabad, Pakistan: A new narrative is being shared in social media and even otherwise that the budget for grant 2024-25 of the Federal government...
Retinol benefits for skin

Retinol Benefits for Skin Whitening, Wrinkles, Acne, and Ageing

0
One of the effective skincare products to combat most of the skin conditions is retinol. Retinol is a healthy ingredient that works effectively against...

SIFC: FDI inflows hit $2 billion in July-March, Senate told

0
ISLAMABAD, Pakistan: The Country recorded the Foreign Direct Investment (FDI) inflow of approximately US$ 2 billion in the first nine months of the Fiscal...

Will petrol price be further dropped in Pakistan?

0
The federal government is set to announce the prices of petroleum products tonight for the next fortnight from June 16-30, 2024.By June 14, media...

Interbank Dollar Rate Today in Pakistan – 14 June 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for June 14,...
Advertisement