Kashmir: While the whole world and Kashmir faced the COVID-19 pandemic, losses to the economic sector, a young serial entrepreneur from Kashmir has made it big; Moris Adam started an ecommerce chain that caters to the people of the valley.
His company ‘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 twelve orders a minute nationally.
Koshurstore.com has become the leading and fastest-growing e-commerce portal across the state, bringing together vendors and buyers nationally with seamless delivery and customer service.
The word “Koshur”, meaning Kashmiri, has become an expression of happiness in the UT of Jammu & Kashmir. A common phrase has come up, “Ye maine Koshur se laya”, meaning “I bought this from Koshur.”
Where Moris said, “I am really glad that my people love the idea, the service and I really feel pumped, when one of my services is making thousands realise seamless deliveries, quality products, offers and more”.
Last year, in October, Koshur Store crossed the valuation of 1.1 crores. Since then, they have been growing a phenomenal ratio of 750% per quarter and acquired multiple startups, including KhenOnline, Shoob, Davah & Groceries Daily. Koshur Store has indeed set its plinth and became the e-commerce giant in Jammu & Kashmir. According to the latest news, Koshur Store has reached a valuation of 7.9 crores, making Moris Adam the youngest millionaire of Jammu & Kashmir. His net worth has crossed 70 million INR.
According to the company, Koshur Store is looking to launch multiple partnerships with global brands and more, claiming to have recorded 5X growth in online sales from last year; Koshur Store is working on recording a minimum 10X growth this year.
Even the 2G internet had no impact on the growth of this startup; kudos to Moris because, if you are not aware, he is known globally for his exceptional hand in technology. He is admired and is an icon for everyone who is in computer science. He is majorly into artificial intelligence, the web & services.
Speaking to him about his future endeavours, he said, “I spend 15-18 hours every day exploring, developing, failing and what not but it all comes down to one thing, I love tech.” Moris has started to move his hands into the EV (electric vehicles) market and has developed Vertec Auto, the first company from Jammu & Kashmir to design and manufacture high-performance electric cars.
Hailing 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.
