For the second consecutive year, ShopUp has been named the winner in the Best Ecommerce (B2B) category at the Bangladesh Retail Congress 2024.
The prestigious award, presented during the Award Night at Hotel Le Méridien, highlights ShopUp’s B2B platform, Mokam, for its transformative impact on Bangladesh’s retail ecosystem, said a press release.
Mokam connects small retailers directly with mills and manufacturers, simplifying access to essential goods and optimising the supply chain.
With over 4.5 million retailers across Bangladesh, Mokam empowers these businesses by addressing distribution challenges, boosting profitability, and helping consumers benefit from stable and affordable prices.
Shabab Din Shareq, Director at ShopUp, dedicated the win to the retailers, saying, “This award is for the retailers who make an incredible impact on our community but are often overlooked. Their resilience and hard work drive Mokam’s success, and we are committed to supporting them in overcoming challenges and growing their businesses.”
By consolidating demand through strategically located Mokam Distribution Centers (MDCs), the platform enables small retailers to source products at competitive prices, increasing their margins while reducing reliance on middlemen.
Backed by advanced tech infrastructure and data-driven demand forecasting, Mokam continues to revolutionise retail in Bangladesh.
In 2023, ShopUp’s efforts reached 31 million people and moved 1 million tonnes of goods, significantly benefiting small retailers and the broader economy.