Growing Digitalisation for Informal retailers in Bangladesh
Like its neighbour, India, more than 95% of all retail in Bangladesh goes through neighborhood stores. There are about 4.5 million mom-and-pop stores in the country and the vast majority of them have no digital presence. ShopUp aims to change that. It has built what it calls a full-stack B2B commerce platform. It provides 3 core services to neighborhood stores: a wholesale marketplace to secure inventory, logistics (including last-mile delivery to customers) and working capital. It has raised $22.5 million in a round co-led by Sequoia Capital India and Flourish Ventures. For both the venture firms, this is the first time they are backing a Bangladeshi startup.
Become a member
Join the Ecommerce Forum South Africa and benefit from industry insights in South Africa and Africa.
Sign up to newsletter
Sign up to our newsletter and stay informed of the progress we are making at the Ecommerce Forum South Africa with government during Coronavirus.
Leave a Comment
You must be logged in to post a comment.