Krave Mart Gets $10M from InDrive, Eyes Global Market Entry

InDrive, a global ride-hailing leader, has announced a $10 million investment in Pakistan’s fast-growing grocery delivery platform, Krave Mart. The strategic move aims to expand Krave Mart’s operations and pave the way for its entry into international markets.

Founded in 2021, Krave Mart specializes in online grocery delivery, offering rapid services to urban households across Pakistan. The funding has fueled a threefold growth in the company’s operations, enhancing delivery times, product assortment, and competitive pricing. Krave Mart also maintains a slow cash burn, ensuring its sustainability amid a challenging economic landscape.

As part of the partnership, Krave Mart will be integrated into InDrive’s app ecosystem, contributing to its long-term vision of becoming a super app. InDrive has previously invested in other emerging-market startups, reinforcing its focus on innovation and expansion.

Krave Mart’s success highlights its ability to thrive despite challenges, outperforming competitors such as Airlift and Cheetay. With this investment, Krave Mart is set to strengthen its position in Pakistan while exploring opportunities in new markets.

Source: Amanah.pk