Biography of Uzair Khan: Founder & CEO of Move It- Entrepreneur

Biography of Uzair Khan: Founder & CEO of Move It- Entrepreneur

Biography of Uzair Khan:

Beginning of Move It

Move It is a tech-enabled logistics and relocation company founded by Uzair Khan in 2021. The idea for the company came to life after Uzair experienced the challenges of moving his home. Faced with the hassle of coordinating different moving services, he realized how fragmented and inefficient the logistics sector was in Pakistan. After sharing his struggles with his friend Hassan, they discovered that Hassan had similar issues in his textile business, leading to the creation of Move It.

Recognizing a Market Gap

Uzair joined by their mutual friend, Asad, and the three of them identified a significant gap in the logistics market. They saw the opportunity to streamline the moving and shipping process for both individuals and businesses, offering a tech-driven solution that could make relocations more efficient and less stressful. This insight led them to launch Move It, aiming to disrupt an industry that was largely unorganized and lacking in innovation.

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Move It’s Foundational Years

In just three years, Move It has made impressive strides, achieving PKR 60 crore in revenue. Since its launch in 2021, the company has grown rapidly, expanding its service offerings and refining its technology to cater to a wide range of moving and shipping needs. The co-founders have also successfully raised PKR 17.5 crore in capital to support their growth, with most of the equity being held by the founders and early-stage investors.

A Vision for Disruption

Move It’s business model is centered around leveraging technology to optimize the logistics process. By simplifying the traditionally cumbersome moving and shipping experience, the company provides customers with a seamless, tech-enabled platform for managing their relocations. The platform connects various stakeholders, making the process more efficient for both individual consumers and businesses.

Pitching to the Sharks

Move It made its debut on Shark Tank Pakistan, where Uzair and Hassan pitched their innovative business model to a panel of investors. Seeking PKR 5.5 crore for a 2.5% equity stake, they valued their company at a substantial PKR 220 crore. They showcased their strong revenue growth and scalability, emphasizing their technology-driven approach to an otherwise fragmented market.

Concerns Over Valuation

While the Sharks were impressed by Move It’s business model, they expressed reservations about the company’s valuation. The founders’ ambitious valuation of PKR 220 crore raised concerns, especially considering the relatively young stage of the company. Despite their impressive revenue and growth, the Sharks felt that the high valuation did not align with the company’s current market position.

The Sharks Step Out

The pitch was met with mixed reactions from the Sharks. Usman Bashir, the first to speak, acknowledged the founders’ vision but decided to step out, citing concerns about the company’s valuation. One by one, the other investors followed, with many expressing similar doubts about the high equity ask in exchange for a small stake. Ultimately, none of the Sharks agreed to invest in the company.

No Deal, But Positive Feedback

Though they didn’t secure an investment, Uzair and Hassan received positive feedback from the Sharks. The panel praised their business model and growth trajectory, recognizing the potential for disruption in the logistics industry. The founders were encouraged to continue scaling their business, and the exposure on Shark Tank Pakistan is likely to attract further attention from other investors.

A Growing Business with Potential

Since its founding, Move It has expanded its operations to serve multiple cities in Pakistan, catering to both B2B and B2C clients. The company currently serves over 40 B2B clients and has facilitated more than 5,000 relocations across the country. In addition to its moving and shipping services, Move It has developed an on-demand ride service that has seen over one million rides.

Impact Beyond Profits

Move It’s success is not measured solely by its financial performance but also by its impact on the community. The company has created over 200 full-time jobs in just two years, contributing to Pakistan’s growing job market. But beyond employment, Move It has prioritized fostering a more inclusive society through its Vendor Program, which opens opportunities for individuals from lower socio-economic backgrounds.

Vendor Program: Creating Opportunities

The Vendor Program is one of Move It’s most innovative initiatives, aimed at providing opportunities for people who are often overlooked by traditional job markets. The program supports individuals from lower-income backgrounds, offering them the chance to work in the logistics sector and improve their livelihoods. This initiative aligns with Move It’s mission to create a more equitable society and empower those in need.

Looking to the Future

As Move It continues to grow and evolve, the company remains focused on expanding its offerings and improving its platform to serve its customers better. The founders are committed to their vision of transforming the logistics and relocation industry in Pakistan, with plans to push boundaries and set new standards. Despite not securing investment on Shark Tank Pakistan, Move It’s future looks bright as it continues to innovate and disrupt the market.

Timeline for Move It Story

2021: Move It was founded by Uzair Khan, inspired by the challenges of moving his home.

2021: Move It launched with a tech-enabled platform to streamline logistics and relocations.

2023: The company achieved PKR 60 crore in revenue and raised PKR 17.5 crore in capital.

Shark Tank Pitch (2023): Uzair and Hassan pitched a PKR 220 crore valuation and sought PKR 5.5 crore for 2.5% equity.

Shark Tank Outcome (2023): Despite receiving positive feedback, Move It did not secure investment.

2023-2024: Move It expanded to multiple cities, serving 40+ B2B clients and facilitating 5,000+ relocations.

2024: Move It’s Vendor Program provided opportunities for people from lower-income backgrounds, fostering inclusivity.

2025: Move It continues to innovate and grow, with plans to expand its services and transform the logistics sector.

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