Indus Valley Capital, the lead investor in the funding round, expressed confidence in Voyage Freight’s vision and its potential to transform the logistics industry for Pakistani exporters.
Voyage Freight, a Pakistani digital freight forwarding startup, announced on Monday that it has successfully raised over $1 million in pre-seed funding to propel its mission of revolutionizing the international shipping sector in Pakistan.
The funding round, led by Indus Valley Capital, signifies a significant step for Voyage Freight as it aims to simplify the complexities of traditional global shipping through modern technology.
The startup provides exporters with an end-to-end global shipping solution, leveraging innovative technology to streamline the logistics process. Voyage Freight’s platform is designed to offer real-time visibility and control over cargo, addressing challenges such as lack of transparency and complex customs procedures that often lead to inefficiencies and increased costs in traditional freight forwarding processes.
The pre-seed funding is expected to accelerate Voyage Freight’s expansion plans, with a particular focus on establishing a strong presence in the MENA region.
The company envisions becoming a key player in the logistics sector within the region, starting with a solid foundation in Pakistan. The funds raised will play a crucial role in catalyzing the company’s mission to enhance and simplify the export logistics process for Pakistan’s growing trade market.
Indus Valley Capital, the lead investor in the funding round, expressed confidence in Voyage Freight’s vision and its potential to transform the logistics industry for Pakistani exporters.
Aatif Awan, the founder of Indus Valley Capital, highlighted the significance of Voyage Freight’s goal to simplify global freight for exporters, especially new and smaller businesses.
Omar Mukhtar, co-founder of Voyage Freight, expressed his excitement about the shared vision with investors to digitize and simplify the export shipping process.
Mukhtar emphasized that traditional freight forwarding processes in Pakistan face challenges such as lack of transparency and complex customs procedures, hindering efficiency and increasing costs. Voyage Freight’s platform aims to overcome these challenges by providing a transparent, efficient, and cost-effective shipping experience through a unified dashboard.
In addition to streamlining export logistics, Voyage Freight sees its digital freight forwarding platform as a crucial tool to address the current account deficit and support the Pakistani rupee. The company aims to democratize access to global markets for exporters, contributing to the growth and competitiveness of industries in the current global economy.