, Bangladesh
Logo of PriyoShop

PriyoShop raises $5m in pre-Series A funding round

The financing will help the company upgrade its tech infrastructure for its users.

Bangladesh-based e-commerce platform PriyoShop has raised $5m in a pre-Series A funding round led by Century Oak Ventures.

With the funding, PriyoShop has planned to upgrade its technology infrastructure for users and expand to new markets.

The financing will also help initiate transformative retail supply chain solutions to assist micro, small and medium-sized enterprises (MSMEs) in their respective sectors, making financial options and value-added services available.

PriyoShop sees this as one of its initiatives to modernise its operations by merging finance and technology, concentrating on providing an optimised shopping experience for small enterprises.

ALSO READ: Singapore's Qoo10 buys e-commerce platform Wish

“We have made a great difference in the lives of small business owners over the past two years. The capital will be strategically deployed to enhance our technology infrastructure, expand our reach, and introduce innovative solutions, including our financing services, helping us better serve MSMEs and retail partners,” Asikul Alam Khan, Founder and CEO of PriyoShop, said.

Currently, PriyoShop has over 55,000 merchants on the platform, with over 1 million more expected to be added this year. It has also formed exclusive partnerships with over 200 brands and suppliers, setting expansion into the food and beverage industry.

Swarovski menguasai TikTok untuk perluas skala luxury di kalangan Gen Z

Produsen Kristal asal Austria ini bekerja sama dengan influencer untuk menjangkau pasar Singapura.

Dear Me Beauty berencana membuka flagship store

Store ini dapat menjadi fondasi bagi pertumbuhan pasar yang lebih luas.

Kawan Lama Indonesia mengaburkan batas antara belanja online dan offline

Pengunjung  platform e-commerce grup, Ruparupa.

Mal-mal di Filipina menarik pengunjung dengan pengalaman liburan yang lengkap

Pengunjung diperkirakan akan datang setelah jam kantor hingga larut malam.

Urban Revivo membuka cabang terbesar di Bangkok

Peritel fast fashion asal Cina ini membuka toko seluas 3.

Samsonite memanfaatkan data untuk tingkatkan penjualan

Produsen koper asal AS ini meningkatkan saluran daring untuk mendorong pendapatan di Asia Tenggara.

Belanja hyper-personalisasi jadi tren utama di Asia Tenggara

Data dan analitik memungkinkan brand mengoptimalkan pengalaman shopper baik secara daring maupun di toko fisik.

SSI Group meningkatkan investasi dalam ritel terpadu

Perusahaan yang menaungi brand-brand seperti Hermes dan Cartier ini sedang menyempurnakan omnichannelnya.

Peritel Asia-Pasifik manfaatkan subscriber untuk dorong pertumbuhan

Subscription menjadi sumber pendapatan yang stabil selama masa penurunan ekonomi.