PriyoShop Receives ‘Top 50 International Startups Recognition’ from Startup Wheel
PriyoShop, an innovative retail-tech startup based in Bangladesh, has achieved a remarkable milestone by being recognized as one of the ‘Top 50 International Startups’ in the prestigious Startup Wheel 2023 competition.
Held in Vietnam, this competition attracted the participation of over 2,000 startups from 34 different countries, solidifying its reputation as the largest and most diverse startup event in the region, according to an official press release.
PriyoShop, a dynamic B2B e-commerce marketplace, is at the forefront of digitizing B2B trade within Bangladesh’s unorganized retail sector. The platform’s ingenuity lies in its effective connection between small-scale retailers and manufacturers and suppliers, ushering in a transformative paradigm shift in the retail industry, as highlighted in the press release.
Playing a pivotal role, the PriyoShop App empowers small retailers, particularly local corner shops, by enabling them to source inventory directly from wholesalers, distributors, and manufacturers at competitive prices. With an ambitious scope targeting the extensive network of 5 million retail establishments in Bangladesh, which constitute 97% of the country’s retail landscape, PriyoShop has significantly impacted the livelihoods of 32,000 micro-merchants. This impact has not only boosted their business prospects but has also driven substantial economic growth.
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Asikul Alam Khan, the visionary founder and CEO of PriyoShop, expressed immense joy and pride upon receiving this award. He attributed the startup’s triumph to the tireless dedication of his team, who have relentlessly pursued transformative changes within the MSME sector. Khan emphasized, “This accolade underscores the relentless dedication of our team in reshaping the MSME sector in Bangladesh. Our commitment remains unwavering in driving positive change and empowering micro-merchants across the nation.”
The recognition garnered through Startup Wheel 2023 stands as a testament to PriyoShop’s innovative approach and its potential to bring about meaningful change in a crucial sector of Bangladesh’s economy. This international acclaim is anticipated to further elevate PriyoShop’s reach and influence, solidifying its role as a catalyst for economic progress and a potent enabler for micro-merchants throughout the region.
As PriyoShop’s journey unfolds, its steadfast commitment to transforming the lives of micro-merchants and shaping the trajectory of retail both within Bangladesh and beyond remains resolute. Armed with cutting-edge technology and an unyielding dedication, PriyoShop is poised to reshape the retail landscape, fostering prosperity for small businesses and contributing significantly to Bangladesh’s economic growth.
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About PriyoShop: PriyoShop stands as a pioneering B2B e-commerce marketplace in Bangladesh, effectively bridging the gap between small-scale retailers and manufacturers and suppliers. Anchored by its groundbreaking app, the platform empowers micro-merchants by enabling them to access inventory at competitive rates, effectively revolutionizing the MSME sector within the country. With a vision centered on transforming lives and propelling economic advancement, PriyoShop continues to redefine the future of retail within Bangladesh and beyond.
