Kaymu.pk explained

Kaymu.pk
Screenshot Size:250px
Type:Private
Industry:Retail, Ecommerce, Online Marketplace
Services:Online shopping
Language:English
Current Status:Merged into Daraz
Foundation:2013
Area Served:Pakistan
Num Employees:300
Url: (inactive)

Kaymu Pakistan was an e-commerce portal based in Pakistan.[1] In July 2016 Rocket Internet merged ecommerce site Kaymu into Daraz.[2] [3] Kaymu stopped its operations officially in Pakistan on 5 July 2017.

History

Initially launched as Azmalo.pk in January 2013,[4] Rocket Internet rebranded the company as Kaymu.pk in September 2013,[5] aligning the venture with the global company brand that currently spans 3 continents, Asia, Africa and Europe.[6] Kaymu Pakistan was initially managed by Managing Director Asia Region[7] Ahmed H. Khan[8] followed by co-founders and Managing Directors Kaymu Asia - Christian Schröder[9] and Niroshan Balasubramaniam[10] respectively. Kaymu's online shopping operations in Pakistan were led by Adam Dawood[11] as country manager from August 2014 to January 2016 followed by Ali Zain Sheikh [12] till March 2017.

The idea behind the founding of Kaymu in Pakistan was to facilitate online buying and selling through a single platform.[1] At the time of Kaymu's launch in Pakistan, OLX was already operating in the country as an online classifieds website. The idea of a managed online marketplace that would be providing seller rating and facilitating buyers via cash on delivery[13] received good response from the local community. Kaymu Pakistan now serves as a platform that offers consumer to consumer (C2C) as well as business to consumer (B2C)[14] services across the country.

Kaymu launched smartphone apps for Android,[15] iOS and Blackberry[16] devices in 2014 and 2015, respectively.

Funding

In April 2014, Ooredoo, a Qatar-based Telecommunications Company (formerly known as QTel) joined hands with Rocket Internet.[17] The founding of APACIG resulted in additional funding from Ooredoo.[18]

Rocket Internet in Pakistan

The German internet company Rocket Internet took an initial step into Pakistan's e-commerce sector with the establishment of Daraz.pk in July 2012.[19] Following a positive reception in Pakistan with its first e-commerce venture, Rocket Internet expanded its operations in Pakistan to over 30 active websites in 2015, the widest known being Kaymu.pk, Foodpanda.pk and Daraz.pk.[20] In a recent development, one of the ventures of Rocket internet in Pakistan has been acquired by Alibaba.[21]

Marketplace model

An apparent drawback Kaymu faces is the inability to gauge the quality of products listed by the sellers. Some of these products are illegally copied games and programs being listed as genuine copies.[22]

See also

Notes and References

  1. Web site: Kaymu.pk is another venture for Rocket Internet. dailytimes.com.pk.
  2. News: Husain. Osman. Tech in Asia - Connecting Asia's startup ecosystem. 22 October 2017. www.techinasia.com. 24 June 2016.
  3. Web site: Daraz, Kaymu join hands to get '360 degree ownership' of e-commerce market Pakistan Today. www.pakistantoday.com.pk. 2019-08-31.
  4. Web site: Azmalo.pk joins the online shopping trend in Pakistan. dailytimes.com.pk. https://web.archive.org/web/20140315052819/http://archives.dailytimes.com.pk/business/07-Jun-2013/a-new-era-for-online-shopping-in-pakistan. 15 March 2014.
  5. Web site: Kaymu.pk first launched under the name Azmalo before it rebranded to Kaymu. techinasia.com.
  6. Web site: Kaymu Global on Rocket Internet Website. www.rocket-internet.com. Rocket Internet.
  7. Web site: Ahmed H Khan, MD, Rocket Internet. indiatimes.com.
  8. Web site: Pakistan is the hub of Kaymu's Asia operations: MD Kaymu.com, Asia region. Business Recorder. brecorder.com. 2015-05-18. 2016-03-09. https://web.archive.org/web/20160309184722/http://www.brecorder.com/company-news/601:/1184238:pakistan-is-the-hub-of-kaymus-asia-operations-md-kaymucom-asia-region/?date=2014-05-19. dead.
  9. Web site: Christian Schröder speaks to Khaleej Times. khaleejtimes.com.
  10. Web site: Niroshan Balasubramaniam speaks to The Daily Star. thedailystar.net. 28 August 2015 .
  11. Web site: Adam Dawood speaks to The News. thenews.com.pk.
  12. Web site: Kaymu.pk celebrates three years of operations in Pakistan,. thenews.com.pk.
  13. Web site: Cash-on-Delivery (COD) payment methods account for more than 95 percent of online purchases in Pakistan.. dailytimes.com.pk.
  14. Web site: Kaymu, a C2C (consumer-to-consumer) and B2C (business-to-consumer) online marketplace. dawn.com. 21 July 2014 .
  15. Web site: Kaymu.pk Launched its Android App. dailytimes.com.pk.
  16. Web site: Kaymu.pk launched mobile apps for Android, iOS and Blackberry. brecorder.com. 2017-09-11. 2016-10-24. https://web.archive.org/web/20161024210928/http://www.brecorder.com/company-news/235/1210171/?format=pdf. dead.
  17. Web site: Rocket Internet partnered with Ooredoo Q.S.C a Qatar-based telecom. nation.com.pk.
  18. Web site: Ooredoo and Rocket Internet Partner to Develop Online Businesses in Asia. Daily Times. dailytimes.com.pk.
  19. Web site: Rocket Internet Fashion E-Store daraz gets 1000 orders per day. www.techinasia.com. 15 June 2015.
  20. Web site: Rocket Internet in Pakistan. nation.com.pk. 8 January 2015.
  21. Web site: Alibaba Acquired Daraz. dnd.com.pk. 8 May 2018.
  22. Web site: Pirated Software and Games Make it to Kaymu.PK of Rocket Internet. propakistani.pk. 1 October 2014. October 2014 .

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Kaymu.pk".

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