Srinagar: Coming from Srinagar, Jammu & Kashmir; Koshur Store is yet again in the news highlights.
Srinagar-based e-commerce giant KOSHUR STORE has raised an undisclosed amount of
funding from angel investors.
According to an official statement, the funds will be mainly deployed to sustain Koshur Store’s
current growth momentum as it looks forward to geographical and product base expansion. The
startup CEO, “Moris Adam”, claimed that the fund will act as a bridge to near the gap of online
business across the UT of Jammu & Kashmir.
Founded in 2019, Koshur has become the leading and fastest growing ecommerce portal across
the state, bringing together vendors and buyers nationally, with seamless delivery and customer
service.
“We are delighted to raise funds, which is like a dream come true to every startup entrepreneur
and I am excited to see the future developments that unfold in this space, and ready to take on
the explosive growth in demand with non-settling customer support,” Moris Adam, FounderDirector, and CEO of KOSHUR STORE said in a statement.
According to the company, Koshur Store is looking to launch multiple partnerships with global
brands and more, claiming to have recorded 5X growth in online sales from last year, Koshur
Store is working to record a minimum 10X growth this year.
A part of the fund will also be allocated towards refining it’s technology to help Koshur Store
meet the growing demand.
Speaking of, Moris has set himself as an example for the whole young generation by achieving
goals way earlier than others of his age do. He is a pure man of action, what we could analyze
while speaking to him. We wish him all the best for his future endeavors
