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Koshur Store has made it big; becomes Kashmir’s first startup to be valued over ₹300 million

Srinagar : Ever thought about Kashmir? Popularly known as the “Paradise on Earth”, Jammu and Kashmir is world famous for its scenic splendour, snow-capped mountains, plentiful wildlife, exquisite monuments, hospitable people and local handicrafts.But lately, Kashmir is being known for its diverse youth and their startups. We have seen multiple foreign investments coming to Jammu & Kashmir’s startup eco-system and out of all; a local 23 year old is leading them. Yes, you read it right; A 8-months old startup based in Srinagar, Jammu & Kashmir, founded by a 23 years old, computer science engineering student, helping digitizing and leading the market, has become the youngest startup to be valued at ₹300 million.

‘Koshur Store’ is the first, largest and fastest growing online shopping app in Jammu & Kashmir. While it is specifically catered to the audience of Jammu & Kashmir, but lately, it has been driving attention across the country. According to sources, “Koshur Store” receives twenty orders a minute nationally.According to Crunch Base, Koshur Store has recently raised angel seed funding and has since grown exponentially. October 2020, Koshur Store reached the first milestone of crossing the valuation of ₹10 million. Since then, Koshur Store has been growing at a phenomenal ratio of 180% per quarter and acquired multiple startups, including Khen, Shoob, Davah & Groceries Daily.Founded months ago by Moris Adam, a computer science engineering student from Gulzar Group of Institutes has just surpassed ₹300 million in valuation. Popularly known as “koshur” has become the also become the youngest startup of Jammu & Kashmir to reach this milestone. 

The Startup, Koshur Store has launched multiple partnerships with global brands and more, claiming to have recorded 10X growth in online sales from last year; Koshur Store is working on recording a 100X growth in 2022.From Srinagar, Jammu & Kashmir, Moris has proved to a million youth that problems caused by the COVID-19 pandemic and other issues; despite the lack of good internet facilities, there is nothing that can stop you from succeeding in life if you are determined enough. He is a true example of success hitting you when you work hard for it. He has become an inspiration, idol for the youth across the country who want to become entrepreneurs and be successful in life.