Parent company Saleflo and its subsidiary Jugnu, recently raised $3.2 million. Systems limited contributed a total of $3 million of this investment and acquired a 20% share in the business. The rest of the amount was contributed by some angel investors.
Jugnu plans on using this investment in expanding its operations by investing in the latest technologies and digital tools. With Systems Limited by its side, Jugnu has now opened a vast amount of opportunities for its expansion and partnerships. For example, Oneload, fintech owned by Systems Limited that allows retailers to earn money by selling digital products, will help Jugnu in its competitive journey in the market with Tajir, Bazaar, Dastgyr, and Retailo by a possible collaboration between Oneload and Jugnu.
Founded by Yasir Suleman Memon, Sharoon Saleem, Syed Khurram Haider, and Ahsan Muhammad Khan in 2020, Jugnu was launched to help the small retail businesses of Pakistan to make their inventory management operations faster and efficient. Jugnu aims to empower small businesses and enables them to boost their growth by receiving fast services.