PriyoShop, Digitalizes and empowers small retailers’ supply chain by bridging the technology gap has raised US$5 Million in Pre-Series A Funding round led by Century Oak Ventures. Evolution Ventures, Iterative, SOSV (Orbit Startups), GFR Fund, BonBillo, Accelerating Asia, South Asia Tech Partners, and Voltity also participated in the funding round.
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PriyoShop intends to increase its customer base and geographic reach in addition to improving its technological infrastructure with the funding. With an emphasis on enhancing the small company buying experience, PriyoShop seeks to transform these companies’ operations via the smooth integration of technology and finance.
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“This funding marks a pivotal moment for PriyoShop and validates our commitment to empowering MSMEs in Bangladesh. The capital will be strategically deployed to enhance our technology infrastructure, expand our reach, and introduce innovative solutions, including our financing services, helping us better serve MSMEs and retail partners,” said Asikul Alam Khan, Founder & CEO, PriyoShop. “We have made a great difference in the lives of small business owners over the past two years. At present, we have roughly 55,000 merchants on our platform, and we expect to positively impact over one million merchants in the coming year.”
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“We are thrilled to support PriyoShop in their current funding round, as we are impressed by the team’s robust business model and strong execution,” said Quoc Phong Dang, CEO, Century Oak Ventures.
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About PriyoShop
Founded in 2021, PriyoShop stands at the forefront of revolutionizing the B2B marketplace, dedicated to empowering retailers by establishing direct connections with major brands and financial institutions. Our mission is to mend the fragmented supply chain by integrating cutting-edge technology and embedded finance solutions.
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