Bangladesh's B2B platform ShopUp merges with Saudi Arabia's Sary
The merged businesses, to be called SILQ Group, help support SMEs through funding and their supply chain; the merger is backed by a $110m funding round from Valar Ventures and Saudi Arabia's Public Investment Fund.
ShopUp, Bangladesh’s largest B2B commerce platform, which helps with the financing and logistics of SMEs, and Sary, a B2B marketplace and services platform in Saudi Arabia, have merged to form SILQ Group. The aim is tto create a large B2B commerce platform to connect the Middle East and emerging Asia.
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