, Bangladesh
174 views
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.
 

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.

MR.DIY berekspansi jauh ke pinggiran kota Indonesia

Perusahaan telah tumbuh menjadi lebih dari 850 cabang hanya dalam tujuh tahun.

Semakin banyak peritel Asia Tenggara yang melakukan siaran langsung

Sosial media tidak lagi sekedar tempat berbagi selfie; kini juga menjelma tempat belanja.

Ever Bilena asal Filipina memanfaatkan momentum pertumbuhan terbaru di industri kosmetik

Brand ini mengandalkan Generasi Z di tengah lanskap produk kecantikan yang berkembang pesat.

Lazada Filipina fokus memenuhi semua kebutuhan e-shopper

Shopper membeli berbagai barang dari kebutuhan sehari-hari hingga perhiasan mewah secara daring.

Peritel harus kembali meraih kepercayaan konsumen yang berhemat

Penjual perlu beradaptasi dan lebih melibatkan customer untuk mencegah penurunan penjualan.

Hong Kong K11 MUSEA menjembatani seni, budaya, dan ritel

Pengunjung menemukan brand papan atas dan karya seni setara museum di landmark ritel-budaya ini.

Toys ‘R’ Us Asia mengandalkan ‘Kidult’ untuk mendorong penjualan mainan

Remaja dan orang dewasa berusia 12 tahun ke atas semakin banyak membeli brand mainan ikonik dari era 80-an dan 90-an.