When two worlds collide. ShopUp, a Bangladeshi B2B commerce platform, and Sary, a B2B marketplace and services platform in the Gulf, just announced their merger.
What’s the goal? With the merger, SILQ aims to provide B2B businesses easier access to efficient sourcing, seamless logistics, and affordable financing.
Investor check. Sanabil Investments (a wholly owned company by Saudi Arabia’s Public Investment Fund) and Peter Thiel’s Valar Ventures led the round.
🛍️ More on ShopUp
ShopUp connects mills, brands, and manufacturers to mom-and-pop shops across Bangladesh to make the distribution of food and other essentials more efficient.
🚚 What’s next?
Both brands will continue to operate in their respective geographies under their own brand names post-merger. They’ll do this while leveraging SILQ’s enhanced infrastructure, combined capabilities, and shared resources.
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