Oware co-founders Raza Kasmi and Adil Nasar.
One of the biggest headaches for businesses in the supply chain is managing goods as they make their way through multiple warehouses. After leaving his job at Careem, Adil Nasar founded a company that sources, manufacturers and distributes lights in Pakistan, and experienced those challenges firsthand. Oware is a network of connected warehouses that let businesses track and manage their shipments from a single portal.
The company has raised $3.3 million in pre-seed funding from a number of investors.
Nisar said that his biggest challenge as a small business owner was finding a reliable fulfillment partner and managing upfront capital costs related to warehousing.
Oware has a warehouse portal.
Oware is meant to provide businesses with an affordable andScalable solution to traditional warehouse networks. B2B market and retail companies are the majority of its customers.
Oware has 18 warehouses in five cities in Pakistan with 500,000 square feet of space. The company says it can provide same-day delivery to 75% of the population and next-day delivery to 85%.
The company rents warehouse space and works with third-party providers. Oware's clients can start their operations from any of its locations, they just have to pick the one closest to their end customers. Picking, packing and shipping are handled by Oware's partners. Track shipments in real-time with digital proof of delivery through its online portal, and manage product inventory at their warehouses.
In a prepared statement, Seedstars partner and CIO Charlie Graham-Brown said that Pakistan has a massive opportunity in logistics presented by the 2 million SMEs and the rise of e-commerce in the region. We believe thatware has a good position to be an important part of the digitally enabled environment. We are thrilled for the journey ahead and proud to have supported Adil and Raza early on.
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