Affordable.pk raises 10 million investment on business reality show Idea Croron Ka
Affordable.pk recently managed to bag investment on Idea Croron Ka. Idea Croron ka is the First Ever Business Reality Show of Pakistan. Affordable.pk is the Plan9’s alumni startup.
The first episode of the show was aired on 18, March. The shortlisted candidates presented themselves in front of the panel of judges that were investors and advisors.
Affordable.pk was the first startup to get in negotiation with the investors in Idea Croron Ka. Wajiha and Kashan are the co-founders of the Affordable.pk and they were the one who persuaded the investors. The negotiation was tense but thy wer able to convince the investors to invest in the startup.
Initially Wajiha and Kashan asked for a sum of Rs. 1.5 crores and offered an equity of 15% but after much negotiation the investors agrees to invest Rs. 1 crore for an equity of 30%
The investment was made by Mr. Salim Ghauri the CEO at Netsol and Mr. Humayun Mazhar the CEO at Cres Soft. The investment means that they get a huge sum of money through which they can proceed their dream and also get a chance to learn from expert advisors.
After the investment both Wajiha and Kashan had to say,
“We are extremely happy to have investors like Humayun Mazhar and Salim Ghauri on board. Giving a small portion of equity against their guidance and mentorship is nothing.”
Success comes after a struggle and Wajiha and Kashan have proved that. Wajiha narrates her story saying,
“Starting off with zero investment, no capital and a single computer, my husband and I initiated a digital design agency Concept beans Pvt Ltd from scratch. With undying perseverance, we eventually partnered with design agencies in USA and UK and became one of the top-rated agencies on Up work.
I am a serial entrepreneur and made head-ways after winning the 2015 WeCreate Challenge Cup for women entrepreneur. It was the turning point for me as it opened my mind to different prospects of entrepreneurship. Right in those days traditional classified e-commerce sites were facing a lot of issues and were being misused causing scams and frauds in the social community.
Being an entrepreneur I decided to take it up as a challenge and find a way to resolve it. This is how I started Affordable.pk a startup based on shared economy and reverse commerce to help the ecosystem and empower social community towards entrepreneurship.
Later we got incubated at Plan9 and things saw a great improvement from there on-wards.
What I learned through all my experience is that no matter how farfetched your dream may be, hard work makes the impossible become possible.”
The Chairman of PITB , Dr. Umar Said and the Director of Entrepreneurship and Enterprise Development at PITB, Nabeel A. Qadeer had all the praise for the couple and co-founders of the Affordable.pk. They wished them a very good luck for the future endeavors.
We also wish same for them. May they achieve much more in future.