Recognition: IBA alumnus raises $4.5mn in Series A funding for Bagallery

Karachi, December 14, 2021 (PPI-OT): Mr. Anas Arif, BBA Class of 2013, and co-founder Bagallery has raised Series A funding worth of $4.5mn, for his startup. Bagallery is a digital-first beauty and fashion startup in Pakistan. Co-founded by Ms. Mina Salman and Mr. Salman Sattar back in 2017, Bagallery is Pakistan’s biggest female cofounded startup, now being valued 4X vs their Seed Round funding. With 40% of employees in the startup being women, the startup firmly believes in empowering women, particularly in an industry where approximately 80% of customers are female. We congratulate Mr. Arif on accomplishing this remarkable feat and wish him success in his future endeavours.

For more information, contact:
Executive, Communication and Public Affairs,
Institute of Business Administration Karachi (IBA)
Main Campus: University Road, Karachi – 75270, Pakistan
UAN: +92-21-111-422-422 (Ext. 269)
Fax: +92-21-99261508
Email: raza.lakhani@khi.iba.edu.pk
Website: https://www.iba.edu.pk