Bangladesh's first and largest B2B e-commerce marketplace, Sindabad.com, has clinched the Daily Star ICT Award 2020 in the 'Digital Commerce of the Year' category.
The award was handed over to the Managing Director, Asif Zahir via Facebook Live.
Sindabad.com started in June 2016 with a goal to revolutionise the supply chain management of the numerous small and medium businesses in Bangladesh and was one of the first of its kind B2B e-commerce marketplaces in the region.
It has been providing its customers with complete transparency, a wider variety of products, quality assurance guarantees, logistics and delivery solutions and access to credit to help them improve their profitability and grow their business.
Today Sindabad.com is serving over 15,000 SME businesses and targeting to grow to over 100,000 customers by the end of 2021.
"We were able to more than double our monthly revenues during this year as our customers depended on Sindabad.com to supply them with essential items such as PPE and safety equipment, hand sanitizers and cleaning materials, grocery items and commodities," said Asif Zahir in his statement.
"We were able to keep our customer's supply chains operational through our e-commerce platform when traditional procurement channels were severely disrupted."
He further dedicated the award to his colleagues who worked tireless day and night, often putting themselves and their families at risk, in order to make this growth possible.
In its 4 years lifespan, Sindabad.com has grown rapidly and is serving over 600 corporate customers, 15,000+ SME customers and the number is increasing daily. Sindabad.com has an employee strength of over 250 and has already established 2 state-of-the-art warehouses and own delivery fleet in various parts of Dhaka.
Sindabad.com is also one of the top startups in terms of raising Venture Funding from renowned Venture Capitals from Europe and Singapore securing $6.65 million in funding so far from investors including Ananta Group, Brummer Frontier Fund and Aavishkaar Venture Capital.