Anisul Islam Noor :
The e-commerce business has been expanding in Bangladesh rapidly and its volume will cross US$ 2000 crore by 2020 as the government is providing policy support and enhance facilities in this regard, analysts said.
As a result, many local and global entrepreneurs have joined the e-commerce business here in the country during the last few years. Recently, it gets a momentum as foreign entrepreneurs as well as foreign organisations are negotiating for big volume investment in the e-commerce sector.
According to the analysts, an India-based research and consultancy organisation Redseer has recently said the country’s e-commerce sector will grow up to 70 per cent this year and will exceed $11 crore by the year end.
By 2020, the e-commerce sector of Bangladesh will be worth $2000 core, said the research organization.
Redseer’s analysis shows that the current market of e-commerce is still only 7.2 percent of the country’s retail market while e-grocery market is $40-50 lakh, which is 3 per cent of consumer goods market.
Started in 2009, Redseer Management Consulting mainly focuses on several sectors, including automobiles, construction, healthcare, consumer goods, retail marketing, e-commerce, telecommunications and technology.
Redseer has identified three helpful indicators for the spread of e-commerce in Bangladesh. These are: a large population, densely populated area and rapidly growing economy.
In the last few years, due to the global popularity, Bangladesh became one of the e-commerce service organisations. Along with local entrepreneurs, foreign companies also came forward to invest in e-commerce companies here.
Daraj.com, is one of the leading e-commerce companies in the country. The multinational platform rocket Internet is behind this initiative. Foxconn has invested in picaboo.com, an online shopping. The popular e-grocery service, Chaldal Dotkom, has been formed in the hands of three young entrepreneurs in the country. Recently, the company has expressed interest in investing more than one foreign company.
Ajkerdeal.com with a vast arrangement of daily necessary products, is also one of the familiar websites in online shopping. Furthermore, they are specialised in updating offers, current necessities. They also provide cash on delivery, Bkash, DBBL, MasterCard, VISA card etc. options for payment.
Rokomari.com is one of the most trusted e-commerce sites in Bangladesh for purchasing books of different interest. It has been operating since 2012 and the most amazing part
they have their own home delivery system in Dhaka, Chittagong, and Rangpur.
Besides books, they also sell electronics and accessories at very reasonable prices. They provide great deals in books and electronic products. They are providing cash on delivery, MasterCard, VISA card, Bkash, and DBBL as a payment system.
PriyoShop.com is one of the most trust-able online shops in Bangladesh for a vast option of clothing, footwear, jewelry, accessories, electronics, appliance, books, restaurants, health & beauty products etc. It is one of the best e-commerce solution providing online sites for shopping since 2013. Having all the necessary facilities of an ideal e-commerce site, it became one of the top leading e-commerce sites of Bangladesh.
Othoba.com is a sister concern of Pran-RFL group. It deals with accessories, daily groceries, medical kits and much more. Their delivery charge is approximately low than other sites.
ClickBD.com is a renowned online marketplace for Electronics, Cameras, Computers, Phones, Fashion Accessories, Music, and Traveling goods. Anyone can sell or buy almost every item of daily appliances. The site has a strong and growing community of users who trade in a vast range of detail categories.
Through a world-class technology framework, ClickBD enables and simplifies e-commerce for Bangladesh’s fast expanding the online community. People spend more time on ClickBD than any other Bangladeshi site which makes it the most popular site of the country. ClickBD gives the opportunity to the young generation to earn money from selling goods using the virtue of the Internet. Another success of ClickBD is establishing a sound way of earning for many people who make a living out of it.
Bikroy.com is one the top ranked online shops of Bangladesh. It gained the hype when it arrived to the raising moment of online shopping ideas in other countries. This is an e-commerce website where you can buy or sell everything at all over the country. For local sale, you can take it as the best platform. You can advertise your product in more than 50 different categories without any cost.
Zia Ashraf, one of the founders and chief executives of Chaladal Limited, said that initially we started with our own investment. Later on, we saw some foreign investment in the possibility of our business.
He said that the needs of the buyers of the country are totally different. In that case, the external formula will not work in that way. Short investment in this sector or short-term will not be desired. However, if there is a long-term plan in this sector there is a great potential to do well.
According to the type of product and service, the e-commerce sector companies in the country are divided into roughly six categories. These are: online retail store, food delivery store, grocery store, e-ticket, online car market and online real estate market.
According to the E-Commerce Association of Bangladesh (E-CAB) data, currently the number of members of the organisation is 625. In addition to the website, Facebook has introduced services through F-Commerce, organisers. The number of such initiative is more than eight thousand.
Although there are small and large organisations in the e-commerce sector, most of them could not gain the confidence of the customers. There is no diversity of products, and their quality is not good either. Entrepreneurs are also lacking in professionalism. There are questions about the effectiveness of the traditional business model, analysts said.
E-commerce companies in the country mainly follow two types of business models. One is B to B (Business to Business) and the other is B to C (Business to Consumer). In the B to T model, one company deals with other organisations. And in the B to C model the company is directly dealing with the consumers.
The concerned people said, there are several important areas for consumers to gain confidence in the e-commerce based marketing system. These are: ensuring the real value of the product or services, reaching the consumer or the convenience of the customer, ensuring customer service, simplifying process, diversity and paying maximum value.
E-Cab’s current and founder President Rajib Ahmed said that the business of this sector has been expanding in a big way. Long-term investment needed in this sector. E-commerce is not for those who want to be established in a short time.
The e-commerce business has been expanding in Bangladesh rapidly and its volume will cross US$ 2000 crore by 2020 as the government is providing policy support and enhance facilities in this regard, analysts said.
As a result, many local and global entrepreneurs have joined the e-commerce business here in the country during the last few years. Recently, it gets a momentum as foreign entrepreneurs as well as foreign organisations are negotiating for big volume investment in the e-commerce sector.
According to the analysts, an India-based research and consultancy organisation Redseer has recently said the country’s e-commerce sector will grow up to 70 per cent this year and will exceed $11 crore by the year end.
By 2020, the e-commerce sector of Bangladesh will be worth $2000 core, said the research organization.
Redseer’s analysis shows that the current market of e-commerce is still only 7.2 percent of the country’s retail market while e-grocery market is $40-50 lakh, which is 3 per cent of consumer goods market.
Started in 2009, Redseer Management Consulting mainly focuses on several sectors, including automobiles, construction, healthcare, consumer goods, retail marketing, e-commerce, telecommunications and technology.
Redseer has identified three helpful indicators for the spread of e-commerce in Bangladesh. These are: a large population, densely populated area and rapidly growing economy.
In the last few years, due to the global popularity, Bangladesh became one of the e-commerce service organisations. Along with local entrepreneurs, foreign companies also came forward to invest in e-commerce companies here.
Daraj.com, is one of the leading e-commerce companies in the country. The multinational platform rocket Internet is behind this initiative. Foxconn has invested in picaboo.com, an online shopping. The popular e-grocery service, Chaldal Dotkom, has been formed in the hands of three young entrepreneurs in the country. Recently, the company has expressed interest in investing more than one foreign company.
Ajkerdeal.com with a vast arrangement of daily necessary products, is also one of the familiar websites in online shopping. Furthermore, they are specialised in updating offers, current necessities. They also provide cash on delivery, Bkash, DBBL, MasterCard, VISA card etc. options for payment.
Rokomari.com is one of the most trusted e-commerce sites in Bangladesh for purchasing books of different interest. It has been operating since 2012 and the most amazing part
they have their own home delivery system in Dhaka, Chittagong, and Rangpur.
Besides books, they also sell electronics and accessories at very reasonable prices. They provide great deals in books and electronic products. They are providing cash on delivery, MasterCard, VISA card, Bkash, and DBBL as a payment system.
PriyoShop.com is one of the most trust-able online shops in Bangladesh for a vast option of clothing, footwear, jewelry, accessories, electronics, appliance, books, restaurants, health & beauty products etc. It is one of the best e-commerce solution providing online sites for shopping since 2013. Having all the necessary facilities of an ideal e-commerce site, it became one of the top leading e-commerce sites of Bangladesh.
Othoba.com is a sister concern of Pran-RFL group. It deals with accessories, daily groceries, medical kits and much more. Their delivery charge is approximately low than other sites.
ClickBD.com is a renowned online marketplace for Electronics, Cameras, Computers, Phones, Fashion Accessories, Music, and Traveling goods. Anyone can sell or buy almost every item of daily appliances. The site has a strong and growing community of users who trade in a vast range of detail categories.
Through a world-class technology framework, ClickBD enables and simplifies e-commerce for Bangladesh’s fast expanding the online community. People spend more time on ClickBD than any other Bangladeshi site which makes it the most popular site of the country. ClickBD gives the opportunity to the young generation to earn money from selling goods using the virtue of the Internet. Another success of ClickBD is establishing a sound way of earning for many people who make a living out of it.
Bikroy.com is one the top ranked online shops of Bangladesh. It gained the hype when it arrived to the raising moment of online shopping ideas in other countries. This is an e-commerce website where you can buy or sell everything at all over the country. For local sale, you can take it as the best platform. You can advertise your product in more than 50 different categories without any cost.
Zia Ashraf, one of the founders and chief executives of Chaladal Limited, said that initially we started with our own investment. Later on, we saw some foreign investment in the possibility of our business.
He said that the needs of the buyers of the country are totally different. In that case, the external formula will not work in that way. Short investment in this sector or short-term will not be desired. However, if there is a long-term plan in this sector there is a great potential to do well.
According to the type of product and service, the e-commerce sector companies in the country are divided into roughly six categories. These are: online retail store, food delivery store, grocery store, e-ticket, online car market and online real estate market.
According to the E-Commerce Association of Bangladesh (E-CAB) data, currently the number of members of the organisation is 625. In addition to the website, Facebook has introduced services through F-Commerce, organisers. The number of such initiative is more than eight thousand.
Although there are small and large organisations in the e-commerce sector, most of them could not gain the confidence of the customers. There is no diversity of products, and their quality is not good either. Entrepreneurs are also lacking in professionalism. There are questions about the effectiveness of the traditional business model, analysts said.
E-commerce companies in the country mainly follow two types of business models. One is B to B (Business to Business) and the other is B to C (Business to Consumer). In the B to T model, one company deals with other organisations. And in the B to C model the company is directly dealing with the consumers.
The concerned people said, there are several important areas for consumers to gain confidence in the e-commerce based marketing system. These are: ensuring the real value of the product or services, reaching the consumer or the convenience of the customer, ensuring customer service, simplifying process, diversity and paying maximum value.
E-Cab’s current and founder President Rajib Ahmed said that the business of this sector has been expanding in a big way. Long-term investment needed in this sector. E-commerce is not for those who want to be established in a short time.
