E-commerce company Daraz raises EUR 50 million

Tuesday 22 September 2015 | 16:58 CET | News
Daraz, online retailer in Pakistan (Daraz.pk), Bangladesh (Daraz.bd) and Myanmar (Shop.com.mm), has secured EUR 50 million in its first major financing round. The investment was provided by existing investor Asia Pacific Internet Group (APACIG) as well as CDC Group, the UK Government's Development Finance Institution (DFI) focused on supporting and developing businesses in Africa and South Asia. Daraz will use the funds to further grow the business in existing markets and to expand into other frontier markets in Asia.

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Categories: Internet
Companies: Daraz
Countries: Asia
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