Business Desk : dhakamirror.com
ShopUp, a B2B platform for small businesses, has won “Investment Excellence Award” at the Bangladesh Startup Summit 2023 for raising more than $201 million from investors.
Afeef Zaman, founder and CEO of ShopUp, received the award from Prime Minister Sheikh Hasina at the inauguration ceremony of the Bangladesh Startup Summit 2023 at the InterContinental Dhaka on Saturday, said a press release.
“The recognition will inspire us to double down on our efforts to ensure affordable access to quality food for a significant portion of the population,” said Md Raquibuddoula Chowdhury, director and head of brand and communications at ShopUp.
ShopUp raised more than $201 million from renowned investors like Valar Ventures, Prosus, Sequoia Capital, Flourish Ventures, Tiger Global, and many more.
With these investments, the company has established a nationwide network of small shops that provide access to food and household essentials for 20 million residents of the country. Among others, Zunaid Ahmed Palak, state minister for ICT, was present. – Press release
