FabriCare , an application which plans to alter the clothing business to make it more advantageous, reasonable and effective, has brought $100,000 up in a seed speculation round against a 16% value stake.
With financing shared among every one of the three judges of the present, Sheharyar Ali (Treet Group of Corporations), Rabeel Warraich (Sarmayacar), Abdul Rehman Talat (Orient Group of Corporations) – the undertaking brought up in additional of PKR 7.5 Million from the Television Present ‘Thought Croron Ka’. A further USD 25okay is originating from outside purchasers based generally out of the Center East (Rising Ventures).
The close down function held in Lahore in nearness of the show have Mr. Nabeel Qadeer, FabriCare CEO Fahad Saif, CTO Hassan Rafique Awan, COO Muhammad Amir and the speculators.
Fahad saif, CEO of Fabricare said:
WE’RE ECSTATIC TO SEE THE INVESTOR CONFIDENCE WITHIN THE THOUGHT AND GENERALMETHOD IN THE DIRECTION OF THE WHOLE ENTERPRISE. HAVING ALREADY RAISED IN EXTRA OF $100,000 WITHIN THE EARLY LAUNCH SECTION, THE CREW HAS ABSOLUTELY GOTTEN ITS DOSE OF MORALE ENHANCE AS WE GLANCE AHEAD TO AN INTENSIVE ROLL-OUT.
IT’S POSITIVELY A TERRIFIC DAY FOR THE PAKISTANI STARTUP ECO-SYSTEM – HOWEVER NOW BEGINS THE TRUE TAKE A LOOK AT OF SCALING UP FOR US. HOWEVER WE’RE ASSURED OF OUR PRODUCT, AND OUR CREW’S MEANS TO RISE AS MUCH AS THE PROBLEM.
The app is available for both Android and iOS.
Presently, FabriCare works in Islamabad and Rawalpindi. In any case, it intends to extend to Lahore and different urban areas crosswise over Pakistan in the precise not so distant future.