Tech Company Financing Transactions
ShopUp Funding Round
ShopUp, based in Dhaka, secured $30 million in funding from Lendable and The City Bank.
Transaction Overview
Company Name
Announced On
2/2/2023
Transaction Type
Debt
Amount
$30,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to further its efforts in building critical supply chain infrastructure, partnering closely with mills and manufacturers, expanding its financial services products to support underserved SMEs in the food value chain, and implementing a distribution system that reaches 50% of the population, ensuring food security for all.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
B112 Road 06 Mohakhali DOHS
Dhaka, 1206
Bangladesh
Dhaka, 1206
Bangladesh
Phone
Website
Email Address
Overview
ShopUp is Bangladesh's leading full-stack B2B commerce platform for small businesses. Our goal is to use technology to supercharge businesses with easy access to B2B sourcing and last-mile logistics.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Afeef Zaman
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Our team works diligently to report on funding rounds that are announced publicly. VC investment data records reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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