It's official: Alibaba finally enters the food delivery market of Bangladesh
Alibaba, the global e-commerce giant, officially enters the Bangladeshi food delivery scene through the acquisition of Hungry Naki in its locally invested venture, Daraz. The confirmation comes after both the parties entered negotiation in early December last year. Although the exact cost of acquisition has not been made public yet by either party, several news media has reported the amount is a little less than 1 Million USD (Less than BDT 8 Crore) citing sources close to the deal. Daraz and Hungrynaki both have, however, confirmed that Hungrynaki will be operating as an independent brand.
#Alibaba #Daraz #HungryNaki
HungryNaki, one of the first few food delivery companies started its operation in 2013. It has been serving more than 500,000 customers across Dhaka, Chittagong, Sylhet, Cox's Bazar, and Narayanganj through its network of over 4,000 restaurants. The startup is also the winner of the Daily Star ICT Award in the best startup of the year category in 2016.
Video Source: https://www.facebook.com/DarazBangladesh/videos/1068126863688154/
Alibaba, the global e-commerce giant, officially enters the Bangladeshi food delivery scene through the acquisition of Hungry Naki in its locally invested venture, Daraz. The confirmation comes after both the parties entered negotiation in early December last year. Although the exact cost of acquisition has not been made public yet by either party, several news media has reported the amount is a little less than 1 Million USD (Less than BDT 8 Crore) citing sources close to the deal. Daraz and Hungrynaki both have, however, confirmed that Hungrynaki will be operating as an independent brand.
#Alibaba #Daraz #HungryNaki
HungryNaki, one of the first few food delivery companies started its operation in 2013. It has been serving more than 500,000 customers across Dhaka, Chittagong, Sylhet, Cox's Bazar, and Narayanganj through its network of over 4,000 restaurants. The startup is also the winner of the Daily Star ICT Award in the best startup of the year category in 2016.
Video Source: https://www.facebook.com/DarazBangladesh/videos/1068126863688154/
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