Alibaba is serious about entering Bangladesh; buys up food delivery startup HungryNaki

HungryNaki was founded in 2013 and operates in 5 cities in the country.


Alfred Lee

8 Mar, 2021

Alibaba is serious about entering Bangladesh; buys up food delivery startup HungryNaki | BEAMSTART News

- From our Sponsors -

Alibaba has been gearing up resources to enter the Bangladeshi market, and is doing so through acquisitions.

The Chinese tech giant has just fully bought over HungryNaki, a Bangladeshi food delivery startup that has a growing presence in the country.

The acquisition was done via Daraz Group, a Pakistani e-commerce firm that was acquired by Alibaba back in 2018.

The acquisition was reportedly unfavorable to early investors, who shared that they suffered a "large loss" from the deal.

A HungryNaki delivery rider.

Founded in 2013, HungryNaki today has a presence in 5 cities in Bangladesh.

The startup reportedly connects over 500,000 regular customers to over 4,000 restaurants in the country, and continues to grow each day.

With the new acquisition, Daraz Group will look to expand HungryNaki's presence to over 100 cities in the country, and will continue to invest in the company's infrastructure, technology, and talent.

- From our Sponsors -

Latest Jobs

Senior Product Manager

Okteto

San Francisco, United States

Full Time

Salary Undisclosed

Sales Development Representative (SDR / BDR)

Worklytics

Seattle, WA, United States

Full Time

USD 60000 — USD 100000 yearly

Chief of Staff

Haystack

San Francisco, United States

Full Time

Salary Undisclosed

Backend Engineer

Shipamax

London, United Kingdom, United States

Full Time

USD 55000 — USD 95000 yearly

Growth Lead

RevenueCat

San Francisco, United States

Full Time

USD 166000 — USD 228000 yearly

Sales Support Assistant

HiOperator

San Francisco, United States

Full Time

USD 20 — USD 22 yearly

Head of Employer Partnerships

Stepful

New York, United States

Full Time

USD 120000 — USD 140000 yearly

Program Owner - Onboarding

AtoB

San Francisco, United States

Full Time

Salary Undisclosed

Account Executive, GTM Strategy

Zensors

San Francisco, United States

Full Time

Salary Undisclosed

Alfred Lee

Journalist at BEAMSTART. I write about breaking business news in the region.

Based in Malaysia

Work Experience Not Specified

Education Not Specified

beamstart.com

Also Mentioned

Alibaba Group

Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site


Related Topics

Food Delivery

More Related Stories

Community Discussions

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).