Chkar Lodging and Experiences – a vacation rental online marketplace startup based in Pakistan – raised Rs. 50 Million funding in its first round of seed funding from a Global technology house, MFSYS.
The agreement was signed between the two companies at an event held today at the MFSYS HQ in Islamabad.
Expressing his views CEO MFSYS, Ali Ahmed, said that: “Chkar.com has huge potential to grow at an accelerated pace in Pakistan, Central Asia, and beyond as it is well-positioned to offer quality services that help make sharing easy, enjoyable, and safe”.
MFSYS, as an equity holder, would provide state-of-art technology solutions to Chkar.com to better serve its customers and expand its offerings globally.
Started in 2006, founded in 2017. Chkar Lodging & Experiences’ mission is to create a huge community in Pakistan where people can live through healthy travel, share culture, and live like locals. Chkar L&E uniquely connects people through technology and offline to economically empower hundreds of people in Gilgit Baltistan and Kyber Pakhtunkwa of Pakistan to unlock and monetize their spaces, passions, and talents and become hospitality entrepreneurs.
Chkar’s accommodation marketplace can provide access to 5 million travelers to stay in unique places of Gilgit Baltistan and Khyber Pakhtunkhwa. It gives access to travelers to get connected with hosts within a community.
