PriyoShop operates a B2B retail marketplace focused on procurement and supply-chain digitization for MSMEs across Bangladesh. The company offers an asset-light marketplace model with next-day delivery, digitized logistics support, and full-stack digital infrastructure for brands and suppliers. PriyoShop says its platform helps small businesses secure competitive prices, manage inventory, and boost profit margins. The company reports roughly 55,000 merchants on its platform and aims to positively impact over one million merchants in the coming year. PriyoShop plans to use recent funding to launch innovative retail supply-chain solutions, expand market penetration and geographic reach, and improve its technology infrastructure. It also intends to introduce financing services to better serve MSMEs and retail partners. PriyoShop operates a digital marketplace that connects brands and suppliers with small merchants and consumers, and has built a strong brand presence and last-mile distribution network by working with small retailers. The platform currently makes over 4,000 deliveries per day to 64 districts, a 100% increase from about 2,000 pre-pandemic. PriyoShop plans to use the new funding to scale operations, improve e-commerce supply-chain management, and encourage micro, small and medium enterprises (MSMEs) and rural entrepreneurs to go digital. Specific initiatives include facilitating the shift online for handloom sari weavers in Tangail and improving access to e-commerce in rural areas. The company emphasizes bridging the digital divide and accelerating e-commerce adoption across Bangladesh.

Total raised

$5M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2024