Dastgyr raises $37m in Series A funding.

KARACHI -- Business-to-business ecommerce marketplace Dastgyr Technologies has raised $37 million in the country's biggest Series A funding, which is the name given to a startup's maiden significant round of venture capital financing.

The android app - which helps retailers connect with suppliers to ensure real-time visibility on pricing and financing rates - has so far attracted a total funding of $41m from 21 investors in four rounds, according to Crunchbase, a prospecting platform for dealmakers.

The latest round was led by Veon Ltd, a Nasdaq-listed global digital operator that runs cellular company Jazz and a digital payment solutions provider JazzCash in Pakistan. Veon's venture capital division has contributed $15m or 40.5 per cent of the total size of the latest investment round, a statement by Veon said on Tuesday.

Dastgyr will remain an...