ShopUp and The Rise of B2B Commerce Plus Pathao Pay, Loginex, and Quora+

Sep 11, 2021

Something special happened for the Bangladesh startup ecosystem last week. ShopUp, the B2B commerce company, has raised a whopping $75 million in a Series B round led by Valar and participated by a list of steller investors. The round is the largest by a Bangladeshi startup and largest by a B2B commerce company in the region. 

ShopUp, from a humble beginning, has built an enviable operation and an excellent execution muscle. It is inspiring to watch. Co-founder and CEO Afeef Zaman credits this capacity of execution to his team in an interview with TechCrunch.

ShopUp is a complex operation — building a platform at the intersection of ecommerce, capital, logistics, and potentially other B2B services in the coming days. The company has three products: B2B wholesale marketplace Mokam, logistics service REDX, and small business working capital financing service Baki. The company describes itself as a full-stack B2B commerce platform for small businesses. 

Register to read this article in full and more insight articles!

By registering, you will be signed-up for an account which gives you access to our premium stories published a few times a week and archives of all our premium stories. You will also receive a daily newsletter sent to your inbox. To unsubscribe, please visit the profile section in your account. We have a strong privacy policy. We will never share or sell your data to anyone.

What you get
In-depth actionable analysis

In-depth analysis on startup, business and technology scene in Bangladesh that you would not find anywhere else.
Daily and weekly newsletter
Get our daily and weekly newsletter with our most important stories directly to your inbox.
Join the conversion on this article and more on our public Telegram Group
Ruhul Kader is a technology and business analyst based in Dhaka, Bangladesh. He is also the co-founder and CEO of Future Startup and author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about internet business, strategy, technology, technology policy, and society. He can be reached at

In-depth business & tech coverage from Dhaka

Stories exclusively available at FS

About FS

Contact Us