PriyoShop, a leading B2B marketplace and smart distribution platform in Bangladesh, recently hosted a significant visit from its esteemed investor, GFR Fund. During this visit, Jeremy Lim, GFR’s lead for emerging markets, met with the PriyoShop team, toured various PriyoShop sub-hubs, and engaged with customers and suppliers. This visit is part of GFR’s strategy to explore opportunities in promising emerging markets like Bangladesh.
GFR Fund is excited about its first investment in Bangladesh and aims to delve into the market’s dynamics and potential. During the visit, the team engaged in comprehensive discussions with PriyoShop’s leadership, gaining valuable insights into its operations, growth trajectory, and future plans.
The GFR team also witnessed the efficiency and scale of PriyoShop’s logistical operations firsthand. They interacted with local customers, gathering valuable feedback on user experience and satisfaction levels. Additionally, meetings with suppliers provided a deeper understanding of the entire supply chain network and core partnerships that drive PriyoShop’s success.
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“We are thrilled to host GFR Fund and showcase the potential of Bangladesh as an emerging economy,” said Asikul Alam Khan, CEO of PriyoShop. “GFR’s visit is a testament to the growing interest in Bangladesh as an increasingly vibrant emerging market. We are proud to be GFR Fund’s first investment in Bangladesh and are excited about the possibilities of this partnership.”
While Bangladesh is a new experimental market for GFR Fund, they have expressed their excitement about the emerging economy and the opportunities it presents. Jeremy Lim of GFR Fund emphasized his appreciation for the innovation, dedication, and growth demonstrated by PriyoShop. He stated, “Our visit to Bangladesh has been incredibly insightful. Witnessing the opportunities firsthand, PriyoShop’s work in the economy aligns with its mission to revolutionize the supply chain with embedded finance and empower the lives of many micro-merchants moving forward.” GFR is also interested in emerging markets like India, Africa, and Bangladesh.
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PriyoShop aims to create a smart distribution platform to cater to 5 million small MSMEs, serving 200 million people. The company has helped over 200 brands and suppliers connect with 63,000 MSMEs by simplifying their supply chain process. The support from GFR Fund will further strengthen its position in the market. This visit marks the beginning of a promising partnership aimed at fostering growth and delivering exceptional value to customers and stakeholders alike.
