0
Broadband

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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Daraz
Countries: Asia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

PTCL offers shopping vouchers for Daraz purchases

Published 31 May 2019 07:56 CET | Pakistan
Pakistan Telecommunication Company Limited (PTCL) has signed a partnership agreement with Pakistani e-commerce platform Daraz. ...

PTCL, Google power Tech Mela online shopping festival

Published 21 Sep 2015 08:58 CET | Pakistan
Pakistan Telecommunication Company Limited (PTCL) has signed a partnership agreement with Google to support the Tech Mela online ...

Warid expands LTE network to Hyderabad

Published 02 Jul 2015 13:14 CET | Pakistan
Pakistani operator Warid Telecom has expanded its LTE services in Hyderabad. Warid's LTE footprint now covers Pakistan's 13 ...