CertCars, a recent graduate of P@SHA’s technology incubator, The Nest i/o, has sealed an investment deal with ecommerce industry veteran, Shayaan Tahir, of homeshopping.pk fame.
Investors and mentors from cross-industry verticals were invited to see the final pitches of the 16 startups incubated at The Nest i/o in the past four months. On the day of the ceremony at The Nest I/O, the graduating startups got an opportunity to pitch their product or service to potential investors, mentors, and partners.
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CertCars, one of the 16 startups in Batch 5 that pitched on Demo Day held at The Nest i/o on May 23, received investment from Shayaan Tahir of Homeshopping.pk to grow their business.
“We saw great potential in CartCars.com and the overall passion the founders held to make this happen. The market is big enough and ready for selling cars online in Pakistan if done right”
He continued to say that “Homeshopping has been in the eCommerce market for around 9 years and shall be sharing our expertise to make sure that the founders have the support and resources needed to become a leading brand in the Cars industry of Pakistan”.
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CertCars is redefining the existing culture of online buying and selling of vehicles in Pakistan by providing both the vehicle seller and the buyer with an opportunity to sell or buy a vehicle right from the comfort of their homes. Fahad Hasan, Founder of CertCars, was extremely glad to have the opportunity to pitch to investors at the graduation hosted by The Nest i/o. He commented, “the investment includes both financial and technical assistance where we will be using the existing technology, team, office space etc. of Homeshopping.pk to scale and grow our startup”. He continued to say “we look forward to our partnership with Homeshopping.pk that has been a pioneer of eCommerce shopping in Pakistan”.
Commenting on the investment and partnership, Jehan Ara The Big Bird at The Nest i/o said
“Shayaan is a self-made entrepreneur who is well-respected in the community. The investment he is making in CertCars will provide the ready cash they need and the technology and business support that he can provide will enable Fahad to take his vision forward. Fahad is passionate and driven and we believe he will go very far.”
Image source: The Nest I/O