Pakhtun Wardrobe is proud to announce that it has successfully passed a comprehensive due diligence process and has received the committed funds from Shark Tank investor Junaid Iqbal and Mr. Shezad Mumtaz, CEO of Allied Services, a market leader in Human Resources.
Founded by Haris Badar in 2015, Pakhtun Wardrobe is a sustainable fashion startup reviving traditional crafts of footwear and shawls through modern commerce.
“We’re thrilled to close this deal and welcome Junaid and Shahzad on board. With this investment, we hope to accelerate the growth of Pakhtun Wardrobe and expand beyond Pakistan, particularly to the Middle East,” said Haris Badar, Founder and CEO Pakhtun Wardrobe.
Haris and his team have built a formidable business, rooted in a craft that is passed down through generations, that is woven with a fully digital customer experience. We are excited to be a part of this journey,” said Junaid Iqbal, Founder & CEO of Salt Ventures.
Ammar Athar Saeed, Partner at Saiduddin & Co which Co-lead the due diligence process commented that “We ran a comprehensive legal, financial, commercial and operational due diligence process and Pakhtun Wardrobe cleared every step. It is crucial for startups to not only build and scale their businesses and organizations, but also implement the highest levels of corporate governance from the get go, which PW has done. This is a key ingredient for not only obtaining growth finance, but also ensuring long term sustainability and institutionalization of your businesses.”