Srinagar, J&K: Moris Adam, the young and innovative entrepreneur from Srinagar, Jammu and Kashmir, has once again proven his mettle as a business leader. In just a few years, his e-commerce marketplace, Koshur Store, has grown exponentially, with its net worth soaring to an impressive ₹900 million, and his self net worth rising to ₹630 million in 2023.
Adam started his entrepreneurial journey at the age of 14, when he began developing websites and landing pages for SME’s and local businesses.
He quickly became adept at the latest technologies and started working for multiple companies, creating websites, mobile apps, desktop software, and more. He enrolled in a bachelor’s program in computer science at the Gulzar Group of Institutes in Jammu and Kashmir, where he continued to hone his skills and develop his entrepreneurial vision.
In 2019, Adam launched Koshur Store, the first horizontal e-commerce marketplace in Kashmir, with the aim of providing a platform for local vendors and buyers to shop with confidence, fast delivery, and more. Unfortunately, just four days after the launch, Jammu and Kashmir was hit by a massive six-month internet blockage, presenting a huge challenge to Adam’s fledgling business.
Despite this setback, Adam persevered, refusing to give up on his vision. He continued to work on developing his platform, building relationships with local vendors and suppliers, and refining his business model. When 2G internet was restored after six months, he was ready to hit the ground running. His determination and hard work paid off, as Koshur Store quickly gained over 98% of the e-commerce market in Jammu and Kashmir.
Under Adam’s leadership, Koshur Store has expanded into new markets, including food, online pharmacy, and grocery spaces, and has acquired several other companies, including Khen, Groceries-Daily, and Shoob. The word “Koshur,” meaning Kashmiri, has become an expression of happiness in the UT of Jammu & Kashmir, and a common phrase has come up, “Ye maine Koshur se laya,” meaning “I bought this from Koshur.”
Adam’s vision, coupled with his exceptional hand in technology, has attracted the attention of investors both locally and nationally. His company has recently raised an undisclosed amount of funds from angel investors, making it the youngest company to raise funds in the region. This infusion of capital has allowed Koshur Store to continue its rapid growth, expanding into new markets and reaching even more customers across Jammu and Kashmir.
Adam’s success has made him an icon for everyone in the computer science and entrepreneurial fields. He is admired for his expertise in artificial intelligence, web and services, and his ability to navigate the challenges of business in a difficult region. His net worth, which rose to ₹630 million in 2023, has made him the youngest millionaire in Jammu and Kashmir, and a role model for the region’s youth.
Looking forward, Adam’s vision for Koshur Store is to become the largest e-commerce marketplace in Jammu and Kashmir, reaching customers in every corner of the region and beyond. He is committed to providing high-quality products, seamless deliveries, and excellent customer service, while creating opportunities for local vendors and suppliers to grow their businesses.
In conclusion, Moris Adam is a shining example of the power of determination, hard work, and innovation. His success with Koshur Store is a testament to his entrepreneurial vision and his commitment to building a better future for the people of Jammu and Kashmir. As his net worth continues to rise, he remains focused on his mission to create a world-class e-commerce platform that serves the needs of his community and inspires the next generation of entrepreneurs.
