Business Desk :
Daraz Bangladesh, a concern of Alibaba Group on Thursday announced that it is acquiring the food delivery service company HungryNaki.
The announcement was made in a joint press conference held at Bangabandhu International Convention Center Thursday.
Daraz Managing Director Syed Mostahidal Hoq, HungryNaki CEO and Co-founder AD Ahmed and other officials from both the companies were present at the conference. They informed that Daraz has taken over all the tangible and tangible assets of HungryNaki.
However, HungryNaki will keep functioning as usual with all the existing employees and will operate as a separate brand with an independent food delivery platform owned by Daraz directly.
Daraz MD Syed Mostahidal Hoq said, “We aspire to be a one-stop solution for all our customers’ needs. And getting into the food delivery business is a natural move. HungryNaki is the pioneer in the food delivery business in Bangladesh with a loyal customer base. We believe instead of building our own food delivery business from the ground up, acquiring HungryNaki is ideal considering these two factors.”
HungryNaki CEO and Co-founder AD Ahmad said, “We can definitely say that this is an auspicious moment for all of us because this acquisition by Daraz proves that our e-commerce industry is in an optimistic state. Moreover, this is a positive sign for other local start-ups.”
He added that this initiative will also play a crucial part in reviving the economy by expediting a positive impact.
Daraz is the leading online marketplace in South Asia and the largest one in Bangladesh. Daraz provides access to 10 million products in more than 100 categories and delivers over 2 million packages every month across Bangladesh. It was acquired by Alibaba in 2018.
Established in 2013, HungryNaki is the first on-demand food delivery company in Bangladesh. The company is serving more than 500,000 customers across Dhaka, Chattogram, Sylhet, Cox’s Bazar and Narayanganj through its network of over 4,000 restaurants in these cities.
