, Bangladesh
Photo by Ferdous Hasan via Pexels

ShopUp to establish 700 distribution hubs across Bangladesh by 2025

It is eyeing entry into Gulf region markets. 

Bangladesh's B2B commerce platform ShopUp is planning to expand its distribution hub network to 700 locations in the country by December 2025.

The group also said it is eyeing entry into Gulf region markets. 

"SMEs are the cornerstone of economic prosperity in these regions, and our aim is to empower them, driving growth and creating value across emerging markets," said Afeef Zaman, founder and CEO of ShopUp.

The company's revenue surged to $129m last fiscal year, up from $83m.

"Our focus on positive unit economics has led to gross margin positivity and reduction in our adjusted losses for FY ending June 2023,” said Vashistha Maheshwari, CFO of ShopUp. “Continuing that momentum, we have turned monthly EBITDA positive in December 2023.”

ALSO READ: BNPL to reach 7.7% of APAC e-commerce payments by 2028

ShopUp has pioneered a new model of commerce that integrates embedded financing, payment processing, and logistics. Through this model, the company connects mills, brands, and manufacturers with a vast network of small shops via a hub-enabled distribution network.

Currently, with 427 micro-fulfillment hubs, ShopUp has successfully linked 31 million people in Bangladesh to essential goods, nearly doubling the country's total e-commerce user base.
 

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Are shipping times the dealbreaker in cross-border commerce?
Approximately 40% are willing to wait four to seven days for free international shipping.
E-commerce
Why China's luxury consumption is slowing down
Factors include a shift from overseas to domestic spending, consumption moderation, and the return of outbound tourism.
8 in 10 Singapore consumers willing to invest time in ID verification

Preferred methods for identity verification include submitting a picture of their ID and a live selfie when creating new online accounts.
Technology
Uber to acquire Delivery Hero’s foodpanda business in Taiwan for $950m

Foodpanda’s local consumers, merchants, and delivery partners will be smoothly integrated into Uber Eats.
E-commerce

Exclusives

Diving into digital platforms and young Filipino shopping habits
Kadence Philippines urges brands to prioritise seamless navigation, enhanced engagement, and sustainability efforts.
E-commerce
Blurring lines between online and offline retail in Asia Pacific
Foodpanda executive explains consistent service levels through efficient logistics and quality control measures.
Supermarkets lead growth in Vietnam’s evolving retail scene
One-stop shopping experience poses challenges for the prevailing majority of mom-and-pop shops.