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π’ Company Details Founded: 2012 Founders: Rocket Internet (German tech incubator) Headquarters: Singapore Current Owner: Alibaba Group (acquired in 2018) Operating Countries: Pakistan Bangladesh Sri Lanka Nepal Myanmar
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ποΈ Daraz: Company Overview
π Introduction
Daraz is a leading e-commerce platform in South Asia, offering a wide range of products from fashion and electronics to groceries and home appliances. It connects millions of customers and sellers in emerging markets through online shopping and digital payment solutions.
π’ Company Details
- Founded: 2012
- Founders: Rocket Internet (German tech incubator)
- Headquarters: Singapore
- Current Owner: Alibaba Group (acquired in 2018)
- Operating Countries:
- Pakistan
- Bangladesh
- Sri Lanka
- Nepal
- Myanmar
π Core Services
- Online Marketplace: Products in categories like fashion, electronics, beauty, groceries, and more
- Daraz Mall: Verified brands and official stores
- Daraz Express (DEX): In-house logistics & delivery service
- Digital Payment Solutions: Integrated payment via Daraz Wallet, credit/debit cards, mobile wallets, and cash-on-delivery
- Live Commerce: Real-time shopping through live streaming events
π‘ Key Features
- Mobile App: Millions of downloads on Android & iOS
- Flash Sales, Mega Deals & Campaigns: Regular events like 11.11, Black Friday, and Ramadan Sales
- Seller Platform: Allows local businesses and individuals to sell online
- Customer Reviews & Ratings: Builds trust and transparency
π Business Model
- Marketplace model (connecting buyers and sellers)
- Revenue from:
- Seller commissions
- Advertising services (Daraz Ads)
- Logistics and value-added services
π Market Impact
- One of the largest e-commerce platforms in South Asia
- Plays a key role in digitizing retail in emerging economies
- Supports over 200,000 sellers and serves tens of millions of customers
π² Technology & Innovation
- Powered by Alibabaβs e-commerce technology
- AI-powered recommendations & search
- Personalized homepage and feeds
- Mobile-first approach targeting young and digital-savvy populations
π± Social Impact & Initiatives
- Daraz University: Free online training for sellers
- Women Empowerment Programs to help female entrepreneurs
- Sustainability campaigns around eco-friendly packaging and responsible commerce
- Partnerships with NGOs for charity and relief work
π Competitors
- Pakistan: OLX, Amazon (limited), local startups
- Bangladesh: Evaly (defunct), AjkerDeal
- India (indirect): Flipkart, Amazon India
- Other: Shopee, Lazada (also Alibaba-owned in Southeast Asia)
π Why Daraz Matters
- A pioneer of e-commerce in multiple South Asian countries
- Empowers local businesses to go digital
- Bridges the gap between rural and urban commerce
- Contributes to economic digitization and financial inclusion