Sales via Kaymu skyrocket
We all know about the famous Black Friday and Cyber Monday deals, that mostly frenzy customers in the US, but the trend is maintained and is spreading world wide. Bangladesh, a charming economy eventually, but aggressively, catches on to any international trend. The electronic gadget industry, IT and now progressive business popularity of E-commerce is creating new era of business and trends. Thus, a few renowned E-commerce websites extended their services to adopt the Black Friday sale trend, and it absolutely caught on.
One such E-commerce platform, Kaymu.com, witnessed 800% hike in daily orders, with order count reaching six every minute for the particular 24 hours. The unimaginable and overwhelming response, Kaymu officials said, increased by 150% for visitor rate and 330% for conversion rate. Welcomingly, access to the website was near-to-half on handheld devices and through the app.
This is another example of the amazing interest and adoption of technology invested in the right spectrum towards Bangladeshi business environment.
Fenox to fund E-commerce
Recognizing Bangladeshi E-commerce markets, international prying businesses adopted their strategies to take our markets very seriously. Fenox Venture Capital, a Sillicon Valley based capital firm a multinational business with US $1.5 billion operations worldwide, has launched its operations to invest in online start-ups in Bangladesh. Planning to invest around US $200 million, they have finished market testing and so have launched their business, with already two startups under their belt.
A Venture capital firm, Fenox partners emerging technology companies globally and assists North American entrepreneurs with market expansion. It also partners itself with companies focusing on IT, health IT, consumer internet, cloud computing, big data, mobile, social, payment systems and next generation technologies.
We all know about the famous Black Friday and Cyber Monday deals, that mostly frenzy customers in the US, but the trend is maintained and is spreading world wide. Bangladesh, a charming economy eventually, but aggressively, catches on to any international trend. The electronic gadget industry, IT and now progressive business popularity of E-commerce is creating new era of business and trends. Thus, a few renowned E-commerce websites extended their services to adopt the Black Friday sale trend, and it absolutely caught on.
One such E-commerce platform, Kaymu.com, witnessed 800% hike in daily orders, with order count reaching six every minute for the particular 24 hours. The unimaginable and overwhelming response, Kaymu officials said, increased by 150% for visitor rate and 330% for conversion rate. Welcomingly, access to the website was near-to-half on handheld devices and through the app.
This is another example of the amazing interest and adoption of technology invested in the right spectrum towards Bangladeshi business environment.
Fenox to fund E-commerce
Recognizing Bangladeshi E-commerce markets, international prying businesses adopted their strategies to take our markets very seriously. Fenox Venture Capital, a Sillicon Valley based capital firm a multinational business with US $1.5 billion operations worldwide, has launched its operations to invest in online start-ups in Bangladesh. Planning to invest around US $200 million, they have finished market testing and so have launched their business, with already two startups under their belt.
A Venture capital firm, Fenox partners emerging technology companies globally and assists North American entrepreneurs with market expansion. It also partners itself with companies focusing on IT, health IT, consumer internet, cloud computing, big data, mobile, social, payment systems and next generation technologies.
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