Loot Sale, a Pakistan based eCommerce startup, aiming to bridge the gap between the consumers’ want of constant discounts and retailers’ need for fast inventory turn-over.
Loot Sale has secured seed capital from Light Speed Ventures, a multi-strategy fund focused on the early-stage tech ventures.
The brands’ motto, “Pay Less, Shop More” clearly conveys sentiments to the 220 million audience of the 5th largest nation of the world: with over 75 fashion brands including BTW, Cross Stitch, Hop Scotch, Hush Puppies, LimeLight, Maria.B, Nishat, Orient, Stylo, The Linen Co, Zareen by Sapphire, just to name a few: everything on www.loot.sale is at a discount, All Day, Every Day.
CEO Malik Asad, a seasoned marketer and an eCommerce expert with a strong finance background, has said;
Loot Sale goal is to build as a customer centric brand, providing original products, offering price-match guarantee and no-questions asked return policy. The website has launched with an inventory of over 400,000 units, and stock is forecasted to list over 20 lac products showcasing 150 brands by the end of December 2020.
The funding is committed to achieve an un-parallel expansion and accelerated growth, focusing primarily on marketing, and technology. A brand awareness campaign across all mediums has already kicked off nationwide.
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