Amidst crushing liabilities of Evaly, its CEO Mohammad Rassel was eyeing two possible escape routes: Either sell Evaly to a foreign investor or file for bankruptcy.

The Bangladesh Small and Cottage Industries Corporation (BSCIC) is all set to launch an e-commerce platform enabling local entrepreneurs to sell different products in the domestic and global markets.

Local online grocery store Chaldal has raised $10 million in a latest round of funding as it looks to expand its inventories in top cities across the country.

Amazon.com Inc has increased its average starting wage in the United States to more than $18 an hour and plans to hire another 125,000 warehouse and transportation workers, an executive told Reuters. 

The national committee on e-commerce yesterday recommended that the commerce ministry hand over the case of Evaly, an e-commerce company, to the home ministry for taking legal action for its anomalies in business.

Md Nabid Rahman, employed at a private company in Dhaka, made a payment of Tk 12.5 lakh to e-commerce platform Dhamaka in March for two motorcycles and other products which were on offer at hefty discounts.

Bangladesh Bank has requested the commerce ministry to appoint firms to conduct financial audits of nine errant e-commerce organisations.

Tech-based logistics provider Paperfly has recently sent a legal notice to beleaguered e-commerce platform Evaly asking for the settlement of outstanding payments for delivery service charges of Tk 7 crore.

Jamuna Group has retracted its plan to invest in Evaly after analysing the beleaguered e-commerce platform’s assets and liabilities and business strategy, said a top official of Jamuna Group yesterday.

The country’s largest business-to-business (B2B) e-commerce platform, ShopUp, yesterday said it raised $75 million or nearly Tk 640 crore in its latest round of fund-raising as it looks to ramp up its operation by bringing small neighbourhood groceries and small retail shops online.

E-commerce company Evaly said it owed around Tk 206 crore to merchants. 

Sea’s Shopee took just two years to become Brazil’s most-downloaded shopping app, winning users to its low-cost marketplace with its game-changing approach to e-commerce: In-app mini-games offering coupons to winning users. 

Bangladesh Bank yesterday said e-commerce platforms would not be able to receive payments in advance for any products or services rendered.

Jamuna Group has not finalised its decision to invest in Evaly yet, said two top officials of the Jamuna group.

The e-Commerce Association of Bangladesh (e-CAB) recently suspended memberships of four e-commerce firms for failing to provide satisfactory responses to customer complaints.

The VAT intelligence directorate has filed a case against online shopping platform Eorange.shop alleging value-added tax (VAT) evasion.

Evaly has nearly Tk 311 crore liabilities to more than two lakh customers, according to the submission of the beleaguered e-commerce platform to the commerce ministry yesterday.

The VAT intelligence has filed a case against online shopping platform E-orange on the allegation of evasion of value-added tax (VAT).

Walton Hi-Tech Industries has recently become an exclusive partner of Walcart, an upcoming e-commerce platform, opening up a new avenue for the sale of Walton’s electrical and electronic products alongside delivery of necessary support.  

Walton Hi-Tech Industries has become an exclusive partner of Walcart, an upcoming e-commerce platform that will enable customers to easily purchase Walton brand products and get necessary support.