According to various news sources and social media pages of Evaly Managing Director Mohammad Rasel, Jamuna Group will invest in Evaly.
Jamuna Group, one of the leading conglomerates in Bangladesh is reported to initially invest Tk 200 crore in Evaly and the rest Tk 800 crore will be invested in different investment stages of the company. As per the sources, both the E-commerce company Evaly and Jamuna Group have confirmed the news. The valuation and equity details have not been disclosed.
Mohammad Rasel, the Managing Director of Evaly stated that the company is excited to have partnered with another fellow local company. The investment amount will be used to expand the overall operation of the E-commerce company.
Jamuna Group which has been doing business in the country for over 50 years stated that E-commerce companies are playing a big role in every country like Amazon in the USA and Alibaba in China. They believe Evaly has also created a place like the Amazons and Alibabas in Bangladesh.
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