Sindabad.com Ltd.
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Sindabad.com Ltd. - overview
Established
2016
Location
Dhaka, -, Bangladesh
Primary Industry
Internet
About
Sindabad. com Ltd. is a B2B e-commerce platform based in Dhaka, Bangladesh, connecting businesses with various suppliers to facilitate seamless purchasing and logistics services. Sindabad.
com Ltd. was founded in 2016 in Dhaka, Bangladesh. The company specializes in B2B e-commerce, enabling businesses to source products from suppliers effectively. The company has completed 2 deals, with its most recent being a Series A funding round on May 27, 2019, where it raised USD 4.
15 million from Aavishkaar Capital. The total amount raised by the company to date is USD 4. 15 million. The company offers a range of innovative products and services designed for businesses in need of efficient procurement solutions.
Its core product offerings focus on B2B e-commerce services, which are engineered to provide streamlined purchasing processes and logistics support. The end use cases revolve around addressing supply chain challenges for businesses, catering primarily to small and medium enterprises looking to enhance their operational efficiency. Since their launch in 2016, these services have gained traction in various markets within Bangladesh, establishing a strong presence among users seeking to optimize their supply chain operations. The company's revenue model is structured around B2B transactions, primarily occurring through its online platform, facilitating a straightforward purchasing process for clients.
Pricing plans for their flagship services are strategically designed to accommodate varying client needs, ensuring accessibility for both small enterprises and larger organizations. Revenue generation is bolstered by one-time service fees and transaction commissions, creating a stable financial foundation while enhancing customer loyalty. The company's approach to revenue is supported by its commitment to delivering high-quality offerings that meet the demands of its diverse clientele. Sindabad.
com Ltd. plans to leverage its recent funding of USD 4. 15 million raised in May 2019 to innovate and expand its product offerings, including new features on its platform that enhance user experience. The company is targeting expansion into regional markets beyond Bangladesh, with plans to enter countries such as India and Nepal by the end of 2023.
This strategic move aims to capitalize on the growing demand for B2B e-commerce solutions in South Asia.
Current Investors
Aavishkaar Capital, The Frontier Fund
Primary Industry
Internet
Sub Industries
Beauty & Hygiene, Consumer Electronics, Household Appliances, Food, Computer & Related Peripherals, Search Engines, Web Applications
Website
www.sindabad.com
Verticals
E-commerce, Mobile Apps
Company Stage
Series A
Total Amount Raised
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