SEED Ventures Invests in Karachi Based Digital Firms
1 year ago
Social Entrepreneurship & Equity Development (SEED) Ventures has invested an undisclosed value of funds to merge its own startup Gizelle Digital with Click-9 to form a combined DG-9 firm.
As a result of SEED Ventures’ investment, both digital houses will be merged to create a singular platform that would effectively address the digital requirements of the local market.
According to the details of the merger released here on Wednesday, SEED came forth to support both the firms to expand and scale up their businesses.
Both Gizelle Digital and Click 9 presented their new business plans, and after the due diligence of both, SEED is announcing investment, and a merger of these two entities.
The newly formed organization has been named DG9 Private Limited.
SEED has committed to invest in DG9 through several rounds of funding, to help them reach the speed which will help them scale up as mutually decided.
Kanwal Masroor, newly appointed CEO of DG-9 said that in today’s competitive world, collaboration is the new way to do business. Success and expansion cannot be achieved in isolation. The knowledge sharing and exposure that will be added to our learning as a result of this merger is priceless. Collectively we will get a larger platform and better access to a bigger client base and will be able to design more effective solutions with the pool of tactical, practical and experiential knowledge in our possession.
Waqar Asghar, Director DG-9 expressed his view point by saying that there exists a big gap for optimum digital solutions for SMEs. “This merger is going to tap the opportunity”
Commenting on the merger, Faraz Khan, CEO and Cofounder SEED Ventures said that the merger amplifies our original mandate with respect to digitizing enterprises. The experience and expertise of Click 9 and Gizelle Digital have fused together as DG-9. We are now in a much stronger position to work with the clients, gain a clear understanding of their value chains, its gaps and subsequently design products and solutions that can effectively address those gaps.”
SEED Pvt. Limited is a social, entrepreneurship and equity development organization. Its core mandate is to provide solutions to social challenges, using entrepreneurship as a vehicle to create wealth and deliver positive social impact.