Daraz Receives $55 Million In Funding

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28 September 2015. The Rocket Internet-backed ecommerce site Daraz has received 55 million US dollars' worth of funding form the UK government and Asia Pacific Internet Group. Daraz is an Amazon-style ecommerce site that operates in Pakistan, Bangladesh and Myanmar. The funding will help it to better establish itself in these countries as well as expand into other Asian countries. A spokesperson from Daraz commented on the market, saying: “Although internet penetration is still relatively low, the market is developing fast and its potential is immense.” 

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