Bangladesh based ShopUp raises $22.5 Million in Funding
Dhaka, 20th Oct 2020: Bangladesh based digital store making platform ShopUp raises $22.5 million in a Series A round funding led by Sequoia Capital India and Flourish Ventures.
VEON Ventures, Speedinvest, and Lonsdale Capital (Singapore) also participated in the round.
The funding will use to extend its retail reach, as it deepens its partnerships with manufacturers and focuses on building tech-first infrastructure.
ShopUp offers small businesses easy access to B2B sourcing, last-mile logistics, digital credit, and business management solutions. This helps these neighborhood mom-and-pop sellers achieve more profit with less effort, allowing them to focus their efforts towards engaging with their customers and business expansion.
“COVID-19 has further underscored the need for d...