Tuesday, September 9, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    ChatGPT

    India’s IT Sector Embraces ChatGPT Alternatives: The Rise of Specialized AI Chatting Tools

    Digital Transformation

    The Role of Drupal in the UK’s Public Sector Digital Transformation

    Looking out from a window at a vibrant UK city street, with vehicles and people navigating the urban landscape.

    Smart Transport: AI Solutions for UK’s Urban Mobility Challenges

    AI Agents

    5 Tips for Using AI Agents in the Best Possible Way

    Windows 11 Safely

    How to Download and Install KMSpico on Windows 11 Safely (Step-by-Step Guide with Alternatives)

    tech

    The Rise of Minimalist Tech: Why Consumers Are Choosing Compact Gadgets

    Revolutionizing

    How Technology Is Revolutionizing the Way We Travel

    Online Casino Game

    The iGaming software provider matters: Is it the best way for online casinos to achieve long-term success?

    Casino Slot Game

    Find Legit AU Online Casinos | Safe Gambling Guide

  • Consumer
    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

  • Finance
    Smartphone displaying a stock chart with fluctuating lines and data points.

    CHIPS Act Shake-Up: How Washington’s Plan Impacts Tech and Industry Stocks

    sifx.com: What’s Behind the Growing Buzz Among Traders?

    sifx.com: What’s Behind the Growing Buzz Among Traders?

    Georgia’s Free Industrial Zones (FIZ): A Strategic Choice for Crypto Businesses?

    Georgia’s Free Industrial Zones (FIZ): A Strategic Choice for Crypto Businesses?

    Senior Citizen in a wheelchair

    How to Support and Manage Your Parents’ Financial Decisions Through Dementia

    Mobile Apps for Managing Finances: What to Choose in 2025

    Mobile Apps for Managing Finances: What to Choose in 2025

    Bank Branch Presence in the UK: Then and Now

    Bank Branch Presence in the UK: Then and Now

    Financial graph illustrating investment performance

    Tradock Explained | What This Trading Platform Offers

    Investment Graph in different device screens

    Quantiumax Reviews: What Makes This Broker the Best Choice Available

    Panoramic view of London's skyline featuring iconic buildings like the Shard and the London Eye against a clear sky

    Can London Still Compete with Silicon Valley and Berlin in Tech Investment?

  • Environment
    Five Ocean Discoveries That Could Change How We See the World

    Five Ocean Discoveries That Could Change How We See the World

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

  • Property
    Furnished Apartments

    London Serviced Apartments: A Growing Trend Among Modern Travellers

    Close-up of Bungalow Houses

    The Key Reasons Park Bungalows Are A Smart Investment

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Discovering the Charlie Oven The Rural Ranges Ltd Approach

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    Sleek and Sturdy Bathroom Glass Shelves for Modern Homes

    How to Streamline Your Home Expenses

    How to Streamline Your Home Expenses

    How To Plan Your Home Improvements in Six Easy Steps

    How To Plan Your Home Improvements in Six Easy Steps

    Budgeting for a House Sale: What Most Sellers Forget

    Budgeting for a House Sale: What Most Sellers Forget

    Home and business removals: Streamlining your move

    Home and business removals: Streamlining your move

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

    Maximizing Your Investments: A Guide to Purchasing Villas for Sale in Dubai 2025

  • eCommerce
    Ecommerce Platform

    What Makes a Global Ecommerce Platform User-Friendly

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

No Result
View All Result
Today News
Home Business

ShopUp secures USD 30 million debt financing to fuel expansion and strengthen supply chain operations

Danielle Trigg by Danielle Trigg
February 3, 2023
Reading Time: 2 mins read
ShopUp secures USD 30 million debt financing to fuel expansion and strengthen supply chain operations
13
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

ShopUp, the largest full-stack B2B commerce platform in Bangladesh, announces a major milestone in securing $30 million in debt financing. The funds will be used to drive expansion efforts and strengthen the company’s supply chain operations, benefiting small businesses and consumers across the country. 

The $30 million financing round was comprised of $20 million from Lendable, the global provider of debt to fintech companies in emerging markets, marking their first investment in South Asia. Additionally, ShopUp secured BDT equivalent of $10 million in debt financing from The City Bank, a major commercial bank in Bangladesh, a first for a local startup. 

Related posts

Two professionals shaking hands over a conference table, symbolizing agreement and collaboration.

What Does Welcoming an Employee Back from Rehab Look Like?

September 8, 2025
456
Super 98 Fuel

Special 95 vs Super 98 Fuel Comparison: How to Choose the Right Petrol in UAE

September 5, 2025
329

Bangladesh’s retail market is highly fragmented, with 4.5 million small shops accounting for 98% of total consumption in the country. These small, scattered shops are responsible for distributing food and household items across the country. Still, they face issues such as product unavailability, unreliable delivery, and lack of access to affordable financing. 

ShopUp’s commerce platform Mokam partners with manufacturers, brands, and mills to streamline the distribution of food and household necessities to small shops. Currently, 20 million people in Bangladesh access food and essentials through Mokam’s network of shops. The company operates the largest last-mile logistics network in Bangladesh, REDX, and is committed to addressing gaps in the country’s food supply chain infrastructure. 

With over $200 million in investments from global investors already raised, the recent debt financing of $30 million will enable ShopUp to further its efforts in building critical supply chain infrastructure, partnering closely with mills and manufacturers, and expanding its financial services products to support underserved SMEs in the food value chain. The funds will also help address the significant food waste issue in Bangladesh, with over 30% of production going to waste, by implementing a seamless distribution system that reaches 50% of the population, ensuring food security for all. 

“The new debt facilities will help us reach our goal of creating a seamless distribution network for food and essentials that serves 80 million people in Bangladesh,” says Afeef Zaman, CEO, and Founder of ShopUp. “Our recent success in securing financing is a reflection of our financial stability and our efforts towards having a positive impact in  Bangladesh.” 

“We have been impressed by the scale of business and quality of team that ShopUp has built to date and are happy to be supporting the impactful work ShopUp has been doing in providing access to goods and capital to underserved MSMEs in Bangladesh,” added Hani Ibrahim, Chief Investment Officer of Lendable. “We continue to work closely with ShopUp to facilitate additional debt capital into their business as they roll out their growth plan”. 

For more information on ShopUp, visit: https://shopup.org

To learn more about Lendable, visit: https://lendable.io

Danielle Trigg

Tags: Afeef ZamanBangladeshLendableShopUp
Previous Post

COSRX Has its Most Successful Amazon 7-Day Deal Ever

Next Post

Bloomcare Reintegration Care Services

Related Posts

Two professionals shaking hands over a conference table, symbolizing agreement and collaboration.
Business

What Does Welcoming an Employee Back from Rehab Look Like?

September 8, 2025
456
Super 98 Fuel
Business

Special 95 vs Super 98 Fuel Comparison: How to Choose the Right Petrol in UAE

September 5, 2025
329
AC Not Cooling
Business

Car AC Not Cooling After Recharge: Hidden Problems Explained

September 5, 2025
450
RADV Audit
Business

RADV Audit Expansion: Why Vendor Oversight Should Be a Health Plan Priority

September 5, 2025
445
Social Proof
Business

Social Proof Explained: 7 Types That Drive Real Influence

September 5, 2025
288
Skiing
Business

Skiing on a Budget? Here’s How to Do It Without Compromising the Experience

September 5, 2025
456
Next Post
Bloomcare Reintegration Care Services

Bloomcare Reintegration Care Services

RECOMMENDED NEWS

bmw

BMW Engine Rebuilds: When and Why You Might Need One

1 year ago
663
What smart window blinds can do for you

What smart window blinds can do for you

3 years ago
417
Swimwear

A Guide to Starting a Swimwear Brand

1 year ago
31
Ektico

Ektico: Finance Reimagined

8 months ago
36

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

AI banking Beauty business Christmas construction cyber security data Die Cut Sticker digital Digital Marketing Services ecommerce ETA-IL Scheme finance fitness Forex health Home Extension inflation Instagram Story insurance kitchen KYND lifestyle manchester Mercedes Key Replacement Services music News overseas Personal Injury Pharmaceutical Industry Professional Drivers property Real Estate recruitment Skincare Solicitor sports technology tourism travel UGC Creator UK vehicles yorkshire

Latest news

Person holds a wrench, adjusting plumbing, fixing a water heater in a home setting

Efficient strategies to protect your home from winter plumbing issues

September 8, 2025
Poker chips and dice scattered on a smooth black surface, creating a striking contrast.

Post‑Closure Trends: How Land‑Based Casinos in Scotland Are Reinventing Themselves

September 8, 2025
Two professionals shaking hands over a conference table, symbolizing agreement and collaboration.

What Does Welcoming an Employee Back from Rehab Look Like?

September 8, 2025
The Ultimate Guide to Planning Your Perfect Krakow Itinerary: Expert Strategies for an Unforgettable Experience

The Ultimate Guide to Planning Your Perfect Krakow Itinerary: Expert Strategies for an Unforgettable Experience

September 8, 2025
Super 98 Fuel

Special 95 vs Super 98 Fuel Comparison: How to Choose the Right Petrol in UAE

September 5, 2025
AC Not Cooling

Car AC Not Cooling After Recharge: Hidden Problems Explained

September 5, 2025
RADV Audit

RADV Audit Expansion: Why Vendor Oversight Should Be a Health Plan Priority

September 5, 2025
Social Proof

Social Proof Explained: 7 Types That Drive Real Influence

September 5, 2025
Furnished Apartments

London Serviced Apartments: A Growing Trend Among Modern Travellers

September 5, 2025
Skiing

Skiing on a Budget? Here’s How to Do It Without Compromising the Experience

September 5, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

Person holds a wrench, adjusting plumbing, fixing a water heater in a home setting

Efficient strategies to protect your home from winter plumbing issues

September 8, 2025
Poker chips and dice scattered on a smooth black surface, creating a striking contrast.

Post‑Closure Trends: How Land‑Based Casinos in Scotland Are Reinventing Themselves

September 8, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact