Daraz

Retail Asia17/05/2018

Alibaba has bought Pakistani e-commerce firm Daraz, as the Chinese tech giant looks to increase its presence in South Asia. Financial details of the transaction, which was announced on Tuesday, were undisclosed. Daraz, founded in 2012, is backed by European tech incubator Rocket Internet. It operates in Bangladesh, Myanmar, Sri Lanka and Nepal as well […]

Retail Asia10/05/2018

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Alibaba Group has acquired south Asian e-commerce platform Daraz for an undisclosed sum. This will make Daraz Group’s platform a wholly owned unit of the Chinese e-commerce provider, which also runs the Taobao and Tmall platforms. “Together with Daraz, we can empower entrepreneurs to better serve consumers in the region through our technology and expertise,” […]

Retail Asia01/11/2015

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Online retailer Daraz, which has presence in Pakistan Daraz.pk, Bangladesh Daraz.bd and Myanmar shop.com.mm, has secured EUR50 million ($55 million) in its first major financing round. The investment comes from the CDC Group, the UK Government’s Development Finance Institution (DFI) focused on supporting and developing businesses in Africa and South Asia – as well as […]

Retail Asia30/09/2015

Online retailer Daraz is investing $56 million into creating beachheads on so-called ‘frontier markets’ in Asia: Myanmar, Pakistan and Bangladesh. Daraz is the leader in online retail in all three markets, selling apparel, accessories, shoes and beauty products for men and women, as well as a wide variety of electronics and general merchandise. The company […]

Tag: Daraz

Alibaba buys Pakistani online retailer Daraz

Alibaba Eats up Daraz

Online retailer Daraz raises $55 M

Daraz targets frontier Asian markets