PriyoShop Pte Ltd
Overview
Executive Summary
PriyoShop is a B2B e-commerce marketplace that is digitalizing B2B trade for the unorganized retail sector in Bangladesh in an attempt to fix the fragmented supply chain.
What do we do
The company’s platform connects small-scale retailers with manufacturers and suppliers. PriyoShop’s app allows small retailers to procure inventory from wholesalers, distributors, and manufacturers at competitive rates. When we talk about small businesses, we primarily focus on neighborhood mom-and-pop shops, also known as retailers. These are the small shops we see around us on our streets. If we talk about the former, 97% of our country’s retail sales take place through them; e-commerce and modern retail play a smaller role. So, the majority of the retail transaction is actually taking place through neighborhood shop retailers.
PriyoShop targets a large network of 5 million retail shops in Bangladesh that account for 97% of the country’s retail sector. We have around 54K micro-merchants on our platform right now. PriyoShop is similar to India’s Udaan, Vietnam's Telio, Pakistan's Dastgyr, Tajir, Bazaar, Retailo, and Indonesia's Ula, Gudangada trying to connect small retailers and shop owners to source goods from large manufacturers and distributors through its main platform, PriyoShop Retail.
Vision
PriyoShop aims to build an ecosystem through full-stack technology by digitalizing and empowering millions of MSMEs.
Problem and Solution
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Competitive Advantage
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Investment Offering
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Investment Highlights
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