StationeryX.pk has raised seed funding of $100,000 at a valuation of half a million dollars via Elahi Group (EGC).
The startup is led by Mufeez Rana, who is also the CEO of AutoX, and Zeshan Afzal, who is the Chief Visionary at StationeryX. Zeshan’s career spans leadership positions in multiple organizations including MD C:100: Think Tank, Punjab Think Tank, Sadaqat Group, Sufi Steel, Shahid Afridi Foundation, CYTE, JS Global Capital, CCL Pharma, Excel Group, Peshawar Zalmi & others.
Danish Elahi, CEO of ECG, has invested in several entrepreneurial and social initiatives to date.
Stationery X is an online store for School & Office Stationery and Arts Products. It is aiming to become the Pakistan’s largest stationery and art products portal. Integration with schools, colleges and book stores is planned for the coming days.
StationaryX’s mission is to create a social impact by offering educational products that can serve deserving communities. They aim to do it by catering to children with special needs, NGOs & community centers, offering them special discounts on their catalog. StationaryX is also looking into developing a network in rural areas for women.
At StationeryX, they also pledge that for every single order, a percentage of profits will be invested for educational initiatives all across the country. The startup wants to do its bit by sponsoring and enrolling underprivileged children in schools across Pakistan.