Mamun Rashid Becomes President of ShopUp

To reshape the landscape of Bangladesh’s business-to-business commerce, Mamun Rashid, a distinguished economic analyst and banker, has taken the helm as President of ShopUp. This announcement heralds a new era of operational excellence and visionary leadership for the renowned commerce platform.

ShopUp, renowned for its innovative approach in connecting mills and manufacturers with local neighborhood shops to streamline the distribution of essential goods and food items, has long been a cornerstone of Bangladesh’s retail ecosystem. With a staggering 31 million people already benefiting from its seamless network, the platform’s ambition knows no bounds, aiming to reach a staggering 80 million individuals by 2026.

Rashid’s appointment signals a strategic pivot towards unlocking fresh avenues for capital and fostering a culture of high performance within ShopUp’s dynamic team. Drawing from his extensive 37-year career, which includes pivotal roles at industry giants such as PwC, Citibank N.A., Standard Chartered, and ANZ Grindlays Bank, Rashid brings a wealth of expertise to his new role.

In a statement reflecting on his appointment, Rashid expressed his enthusiasm for the opportunity to leverage his experience and expertise in propelling ShopUp to new heights on the global stage. His vision is set to steer the company towards strategic partnerships both locally and internationally, cementing its position as a powerhouse in the realm of commerce and innovation.

Afeef Zaman, the visionary founder and CEO of ShopUp, echoed Rashid’s sentiment, expressing unwavering confidence in the transformative impact of his appointment. Zaman highlighted Rashid’s unparalleled dedication to excellence and strategic acumen as invaluable assets in driving ShopUp’s next phase of growth and expansion.

As Mamun Rashid assumes his presidency at ShopUp, all eyes are on Bangladesh’s bustling commerce scene, eagerly anticipating the waves of innovation and prosperity set to follow in his wake. Stay tuned for further developments as ShopUp charts its course towards a future defined by innovation, accessibility, and unparalleled success.

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