Lunda Bazaar is a place where people go to buy cheap products which may be second-hand which may would be expensive in the local market. Even branded products are available at a very low cost. Lunda Bazaar always turns out pocket friendly for its customers.
What is Khazanay.pk?
Khazanay.pk is a Pakistani startup which is offering an Online Lunda Bazaar or to put it simply a cheap E-commerce store to Pakistan. The website uses 10-star rating system to comment at the quality of the products on sale. Khazanay.pk also post photos of the items along with the item listing. Before putting up, the items are reviewed and it is made sure that the items are tidy.
Customers can find shoes as cheap as PKR 500 and shirts as cheap as PKR 350. The current offers a diverse shoes and shirt for everyone.
This start-up is founded by Muhammad Usman Saleem and Fareedun who are both Chartered Accountants by their proffesion, however became bored with their jobs. The Sunday bazaar is near to their house along with the rapid growth an E-commerce giants gave them a spark.
They recieve 6-7 orders on the day they launched their website. Within a few months, their orders went upto 50.
Their startup is now 1.8 years old and have overcomed the running cost of their business. According to the team, their business remains profitable after taking all costs into account such as marketing, investment costs, office rent and free shipment offer on all orders. THIS IS HUGE!
They have pitched their idea to Silicon Valley startup incubator and have been selected. The would be leaving for US within the next six month.
khazanay.pk has sold items worth over Rs. 20 million till now.
Usman while telling BBC Urdu said that they started with selling shoes from Nike, Adidas and Rebook and expanded to shirts based on buyer demand. Now they plan to include household items and kids toys as well.