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ShopUp and Sary Merge to Create Cross-Regional B2B Commerce Platform SILQ Group

Apr 14, 2025•about 1 year ago

Contract Type

partnership

Bangladesh

Description

ShopUp announced a strategic merger with Sary to create SILQ Group, a cross-regional B2B commerce platform targeting markets across the Gulf and emerging Asia. The merger came with substantial financial backing: $110 million in funding led by Sanabil Investments and Peter Thiel's Valar Ventures.

Company Information

Company

ShopUp

Location

Bangladesh

About

ShopUp is Bangladesh's leading full-stack B2B commerce platform for small businesses (online and offline). We provide easy access to B2B sourcing, last-mile logistics, digital credit and business management solutions to small businesses. Why should one work for ShopUp? Simply, to be a part of a positive force that brings change to the economy of Bangladesh. Small businesses have always been the back bone of our economy, and when we facilitate their growth, not only do we help the micro entrepreneurs, but we ourselves grow leaps and bounds. Our backers at Flourish ventures, Omidyar Network, Sequoia Capital think the same! At ShopUp we dream big, grow fast, work smart, and at the same time change thousands of lives for the better!

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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