Business Desk :
Daraz intends to invest Tk 1,000 crore in Bangladesh in the next 3-4 years to ramp up its operation by building infrastructure and ecosystem, the Alibaba Group-backed e-commerce venture said yesterday.
Bjarke Mikkelsen, founder & chief executive of Daraz Group, announced the plan marking the e-commerce company’s eight years of operation in Bangladesh.
In 2014, Daraz began its journey in Bangladesh with just five employees and a website.
The e-commerce platform has now 7 million customers, 41,000 sellers and numerous partners and stakeholders.
The disclosure comes at a time when 1,800 e-commerce platforms are operating in Bangladesh to feed the growing demand for online shopping.
Industry operators said annually nearly Tk 7,000 crore worth of products are sold through e-commerce firms in Bangladesh. “With over 50,000 seller partners, we have expanded the horizon for e-commerce ventures across the country and enabled businesses while transforming consumer behaviours. The acquisition by Alibaba played a major role behind this strength of ours,” said Syed Mostahidal Hoq, managing director of Daraz Bangladesh, at a celebration ceremony at InterContinental in Dhaka yesterday.
