E-Commerce


Singapore Based Venture Capital 'Iterative' Visited PriyoShop

March 05 2024 | TW News Correspondent

Brian Ma, General Partner, and Hsu Ken Ooi, Co-Founder & Managing Partner of Iterative (Singapore based venture capital firm) have recently visited Bangladesh's smart distribution platform...
READ MORE

UCB-PriyoShop Forge Strategic Alliance for Enhanced Payment Gateway Services

March 03 2024 | TW News Correspondent

In a significant move towards bolstering digital transactions, United Commercial Bank PLC (UCB) and PriyoShop.com Ltd have inked a strategic alliance agreement focusing on Payment Gateway Services. This collaboration marks a pivotal moment in the journey towards revolutionizing financial transactions in the digital sphere, promising seamless and secure payment solutions through UCB’s advan...
READ MORE

PriyoShop Raises US$5 Million to Digitalize Distribution Infrastructure for MSMEs in Bangladesh

February 20 2024 | TW News Correspondent

PriyoShop, Bangladesh’s leading B2B retail marketplace for MSMEs, today announced the completion of a US$5 million Pre-Series A round of financing led by Century Oak Ventures, with participation from Evolution Ventures, Iterative, SOSV (Orbit Startups), GFR Fund, BonBillo, Accelerating Asia, South Asia Tech Partners, and Voltity. 

Participating investors came from San Fra...
READ MORE

Evaly launched single-click return policy

January 30 2024 | TW News Correspondent

Evaly, a leading e-commerce platform in the country, has launched a 'single click return policy' to ensure customer service. As a result, customers can now return any product faster and easier than ever before. There is no cost to the customer to return the product. The company announced this inf...
READ MORE

Mickelsen left Daraz

January 25 2024 | TW News Correspondent

Bjarke Mikkelsen has resigned as Chief Executive Officer (CEO) of Daraz Group. Lazada Group CEO James Dong, who is stepping down citing personal reasons, will serve as additional CEO in addition to his current duties.

E-commerce group Daraz conveyed this inf...
READ MORE

Evely's mega campaign 'Big Bang-2' on Friday

January 25 2024 | TW News Correspondent

The country's top e-commerce company, Evaly, is bringing 'Big Bang-2' on Friday night. After the success of the first campaign, the second ca...
READ MORE

Consumer-Friendly Hotline '333' and Website in the Works to Tackle Commodity Prices

January 22 2024 | TW News Correspondent

Country's first website containing necessary information on price, stock, and supply of daily necessities is being developed. This will help monitor the daily commodity market, said Junaid Ahmed Palak, Minister of State for Posts, Telecommunications and Information and Communication Technology. 

A meeting was held at the Secretariat of the Ministry of Posts and Telecommunications on recently, with a v...
READ MORE

Russell of Evaly granted bail against the warrant

January 17 2024 | TW News Correspondent

Mohammad Russell, founder and Managing Director of E-commerce company Evaly, got bail on the warrant issued for not appearing in court. On Wednesday (January 17), he applied for bail through his lawyer at the court of Metropolitan Magistrate of Dhaka, Md. Ali Haider. After the hea...
READ MORE

Evaly begins refunding from gateway this month

January 14 2024 | TW News Correspondent

Ecommerce platform Evaly planned to begin refunding the money stuck in payment gateway from this month of January, according to the chief executive of the company. Evaly CEO Mohammad Rassel also promised to clear legacy debt on bank cheques from May while addressing an online press conference from his office in Dhanmondi in the capital on Saturday. 

In response to a question, Rassel said that Evaly...
READ MORE