Zaraye, a Pakistani B2B supply platform, raises $2.1 million from Tiger Global

“This is my best and final offer.”

According to the founders of Zaraye, obtaining raw materials is a big pain point for Pakistan’s manufacturers, who must make repeated phone calls to suppliers while waiting for quotes.

In addition to raw supplies, Zaraye provides operating finance to industrial enterprises. It presently services the textile and construction sectors, with over 300 partners and suppliers spread over around 20 locations.

 Pakistan’s industrial manufacturing sector contributes to 20% of the country’s economy with $35 billion in raw materials annually, with raw materials accounting for 60% to 65% of total costs for manufacturers who must deal with small net margins.