Jamuna Group, one of the leading industrial group is going to invest Tk. 1,000 crore in the one of the top e-commerce company evaly. Initially, Jamuna will invest Tk. 200 crore. The company plans to invest a total of Tk. 1000 crore at different stages.
This information was given by evaly in a press release on Tuesday (July 27). However, neither party has disclosed the original market value (valuation) of the e-commerce company.
Welcoming such an investment, Mohammad Russell, founder and CEO of evaly, said, "We are really pleased to have another local company by our side as a local entrepreneur." This investment of the Jamuna is part of the ongoing investment and they have the opportunity to invest in the next step as well. This investment will be spent on the future development of evaly and increasing the scope of business.
Regarding the delivery of old orders to the customers, Mohammad Russell said, "We give the highest priority to the delivery of old orders which are pending. We will make further investments if necessary."
Regarding investment, Shamim Islam, managing director of Jamuna Group, a leading industrial group in the country, said, "We see in the development of different countries of the world that local e-commerce companies are playing an important role in the economic development of the country." Such as Amazon in the case of the United States, Alibaba in the case of China. Similarly, local e-commerce evaly has already established a position in Bangladesh only working to fulfill the dreams of the common people of the country. Jamuna Group has been working for the welfare of the country and its people for over 50 years. From now on, evaly and Jamuna Group have become partners in fulfilling that dream.
Welcoming the partnership between evaly and Jamuna Group, Monica Islam, Group Director, Jamuna Group, said, "Jamuna Group has been doing business with quality products and services in the country's market." Jamuna Future Park is the largest offline marketplace in Bangladesh. And now Jamuna will be with evaly to build the biggest online marketplace. Believing in evaly's honest business intentions to take Digital Bangladesh and the country's e-commerce sector forward in a strong position, I have stood by them to keep the country's economy afloat during these difficult times.
Sheikh Wadud, Director (Accounts), Jamuna Group, said, "We want to contribute to the domestic economy during the global pandemic." We will publish more detailed information about this investment step by step.