Currently, ecommerce business in Bangladesh is the most popular, trendy, and profitable enterprise. The most exciting part is that it annually brings millions of dollars in revenue to Bangladesh.
Based on the trade research institution research and markets.com, the Bangladesh e-commerce market is currently worth Tk56,870 crore and is forecasted to reach Tk1.5 lakh crore by 2026.
One of the biggest reasons for the rapid popularity of e-commerce business is the availability of innovative & digital technology in every hand.
People can now buy and sell anything using an e-commerce website anytime. The e commerce industry in Bangladesh has opened up a new pace of shopping and spending time online.
People now shop for anything anytime, precisely without physically going to any shopping mall. In the initial days, people used to be afraid to purchase anything using the internet, but as time passed, the new generation accepted it as a regular practice.
The e commerce industry in Bangladesh is classified into four different parts
The revolution of e-commerce business in Bangladesh started in the early 2000s, when Bangladesh wasn’t advanced in the internet era. Ordering online is huge for everyone.
However, after 2008-2009, when Bangladesh Bank legalised online transactions, people gained the courage and trust to purchase online.
This ecommerce business has slowly opened new sectors of ecommerce business jobs, ecommerce entrepreneurship, and many more.
Ajkerdeal and Bagboom were the first e-commerce websites in the industry. Even though they were the first mover, they couldn’t crack the industry. Currently, numerous ecommerce platforms are successfully running their ecommerce business.
However, after 2012-2013, different e-commerce companies entered and took this industry to new heights. As per ecommerceDB.Com, Bangladesh will earn US$7,520.3 million in 2023. Bangladesh is expected to earn a compound annual growth rate of 15.8%, with a forecasted market volume of $13,502.8.
## Multiniche Based Ecom
## Fashion & Apparels
## Electronic/Computer Accessories
## Food & Groceries
## Beauty & Skincare
## Home & Lifestyle
## Home Appliances
## Medicine & Healthcare
## Automotives
## Education
## Service & More
Yes, it's true that now the Bangladesh ecommerce industry is getting saturated day by day. Now, almost every business has an online page and advanced AI chatbot for the customer's convenience.
Almost every business in Bangladesh maintains two modes of selling products: one is a physical store, and the other is an online shopping store.
Among hundreds of them and, each with a different niche, we will discuss the top 6 ecommerce businesses in Bangladesh. These six e-commerce platforms are not only top but also popular based on customer choice.
Daraz Bangladesh is one of the most trendy, popular, strong fan bases and the largest e-commerce platform in Bangladesh.
After Daraz and Alibaba's acquisition, they started their journey in Bangladesh in 2012.
Not only in Bangladesh, Daraz also operates in Nepal, Pakistan, Sri Lanka, and Myanmar.
Daraz holds millions of trusted sellers, and most of them are dropshippingers and drop Surfingers.
After so many years of efforts and dedication, Daraz has gained popularity by providing authentic products, a secure payment gateway and an almost 20 million range of product categories.
Organic Search Traffic:2.2 Million
Daraz offers a huge number of product categories such as
Here are some extraordinary features of Daraz Bangladesh:
Even Though there was a massive dominance in the ecommerce market, in 2013, Chaldal started their operation with a different niche, which is delivering groceries. Currently, Chaldal is successfully running all over Bangladesh.
Chaldal has achieved recognition as the largest grocery e-commerce store in Bangladesh. Because of this extraordinary idea of choosing different & specific niches helps to grab the attention of the mass people. Chaldal started its journey focusing on the other side of the industry, such as targeting the grocery side. Chaldal offers every kind of grocery product, different appliances, materials and many more. And the most attractive thing about Chaldal is their fastest delivery service and secure payment gateway.
Organic Search Traffic: 262.5k
Extraordinary Categories Of Chaldal:
Pickaboo is recognised as one of the best omnichannel ecommerce platforms in Bangladesh. Pickaboo is registered under Silver Water Technologies Limited. They started their operation in January 2016 and kept the niche only limited to electronic devices.
Even Though they were late in entering the industry, they still successfully gained popularity by providing the fastest customer support and product quality.
Through this year, Pickaboo has occupied a stronger position in the e-commerce industry in Bangladesh. Presently, Pickaboo is known for having the largest collection of electronic devices such as mobile, laptops, electronics & appliances, computer accessories and lifestyle.
Organic Search Traffic 110.8k
Extraordinary categories of Pickaboo
Even though Bikroy.com was the early bird in the e-commerce industry, it still needed to tap ecommerce on a larger scale. Bikroy.com started its operation in 2012.
Their main niche is to provide a platform so that anyone can buy and sell second-hand items free of advertisement charge.
To maintain the platform's authenticity, the admin strictly checks all the ads before publishing live. Bikroy.com has become a popular eCommerce platform for buying & selling second-hand products.
Organic Search Traffic 670.9k
Extraordinary Categories of Bikroy.com
Rokomari is another leading ecommerce platform in Bangladesh. Rokomari has a sole niche and is also recognised as the most extensive online bookstore & accessories ecommerce platform. Rokomari works under the association of the Onokorom Group.
Rokomari's primary goal is to sell different types of books, handcrafted items, home appliances, gift items, paintings and other stationary items. Rokomari.com has the most straightforward UX/UI, where you can find & order any book by searching through the publisher or writer's name.
Organic Search Traffic 363.6k
Extraordinary categories of Rokomari.com
ShebaXYZ is the first ecommerce platform in Bangladesh which is service-based. Shebaxyz started their journey in 2015. Mainly their service is specially for office & home, specifically in Dhaka, Bangladesh.
Organic Search Traffic: 14k
Exclusive Categories Of Shebaxyz
Startech is a tech-related product shop that started its journey in March 2007. Certainly, Startech has become one of Bangladesh's most popular and trustworthy tech brands. Startech has stocked up all the top electronic brands and accessories devices at a very affordable price.
Also, Startech is a trusted store that repairs electronic devices very cheaply. Startech is also the best option for gamers and graphic designers because they have the largest stock of high-end gaming PCs and editing PCs.
Organic Search Traffic 1.5 M
Exclusive Categories of Startech
Othoba, one of the largest e-commerce marketplace platforms, was launched in 2015. Othoba is a sister concern of the Pran-RFL group, hence offering all the quality products of Pran-RFL products at very affordable prices.
In the Othoba-eCommerce platform, a one-stop solution for all types of household necessity items, electronics, fashion and many more.
Organic Search Traffic: 165.7K
Exclusive Categories of Othoba
Priyoshop is Bangladesh’s largest B2B e-commerce marketplace, where you will find diversified brands at most wholesale prices. Priyoshop provides the best user-friendly interface, quick delivery system, replacement facilities and an easy payment process. Priyoshop is unique from others because it serves its service in three different verticals:
Organic Search Traffic: 3.2K
Ajkerdeal was established in 2011, it has slowly become a B2C online shopping website. In Ajkerdeal, you will find exclusive brands, low-priced brands, and non-brand products.
That means you will find all types of brands and non-brand products under one umbrella at an affordable price. Ajkerdeal has a 200k+ product collection and has almost 500k+ valuable customers.
Organic Search Traffic 28.2K
Exclusive Categories of Ajkerdeal
Bproperty is one of the largest online property portal holdings in Bangladesh. This platform helps connect various sellers, buyers, landlords, tenants, developers and real estate. Indeed, Bproperty is the most trustworthy real estate expert and has a vast knowledge of Bangladesh’s market.
Mainly, Bproperty is a real estate service provider; the user will visit the Bproperty website and contact Bproperty support for any Query, need or service. The Property will assist a user by providing all the necessary support, from finding the perfect home to finalising the deal.
Organic Search Traffic:79.3K
Bdjobs is Bangladesh's leading online job portal, connecting job seekers with employers nationwide. With millions of users and a vast database of jobs, Bdjobs is a one-stop shop for any job.
They feature jobs in various sectors and for all experience levels, making them a valuable resource for fresh graduates and skilled professionals. In addition to job listings, Bdjobs also offers career advice, salary information, and employer reviews to help you make informed decisions about your career path.
Organic Search Traffic:1.2M
Rail Sheba is an official mobile application for Bangladesh Railway, Bangladesh Railway E-ticketing Service.
Launched in 2014, it helps users conveniently purchase train tickets online, search for train schedules, select seats, and make secure payments using debit/credit cards or mobile wallets.
This app simplifies the ticket booking process for travellers using Bangladesh Railway.
Organic Search Traffic:3M
Foodpanda Bangladesh is a leading online food delivery platform that makes our lives easier by offering efficient delivery services.
With over 2,000 restaurants available, they offer various food options, from popular chains to local favourites. They also provide grocery delivery through Pandamart, allowing you to get everyday essentials delivered straight to your door.
Organic Search Traffic:211.4K
Arogga is a Bangladesh health-tech startup that focuses on providing a complete healthcare solution using their mobile app. Arogga's primary target is to provide convenient medicine delivery to users' doorsteps. It also offers features such as medicine information, discounts, and the ability to store medical records.
Organic Search Traffic:250K
Indeed, online e-commerce has become one of the hot business niches in Bangladesh. Every industry sector is now adopting online e-commerce businesses, from government firms to new startups.
Currently, e-commerce businesses in Bangladesh are the most profitable business niche, no matter what type the niche is. Below, I have mentioned the steps of e-commerce business:
Yes, ecommerce in Bangladesh is, of course, a profitable and trendy business worldwide. According to insider intelligence, ecommerce might reach up to 23% of retail sales within 2025. Not only does website-based e-commerce help in the ecommerce industry, but also Mcommerce and F-commerce highly contribute to growing this industry.
In Bangladesh, starting an ecommerce business(e-cab) typically requires several legal steps and licences to operate legally. Here are the key steps to obtain the necessary licences and registrations for an e-commerce business in Bangladesh:
Firstly, ecommerce entrepreneurs must register their business with the appropriate government authorities. They can choose to register their business as a sole proprietorship, partnership, private limited company, or any other suitable legal structure.
Obtain a Tax Identification Number (TIN) from the National Board of Revenue (NBR). Ecommerce entrepreneurs will need this to pay taxes and conduct financial transactions.
Apply for a trade licence from the local city corporation or municipal authority. This licence is necessary for running any type of business in Bangladesh.
If an ecommerce business deals with a significant number of transactions, ecommerce entrepreneurs should get an electronic TIN (e-TIN) certificate. This certificate is required for the business to be recognized for tax purposes.
Register the e-commerce business for Value Added Tax (VAT) with the NBR. This is mandatory for businesses engaged in the sale of goods and services.
Consider becoming a member of the e-Commerce Association of Bangladesh (e-CAB). This is not a government requirement, but it can provide networking opportunities and resources for e-commerce businesses.
If an entrepreneur plans to have an online presence, he/she must register a domain name for your website and acquire web hosting services from a reliable provider.
Open a business bank account in the name of the e-commerce business. This will be used for financial transactions, including receiving payments from customers.
If entrepreneurs plan to accept online payments, set up a payment gateway for the e-commerce website. He/she may need to work with banks or payment service providers to enable secure online transactions.
If you sell products under a specific brand name or logo, consider trademark registration to protect your intellectual property.
It's essential to consult with a legal professional or business advisor in Bangladesh to navigate the specific legal requirements for your e-commerce business, as regulations may change over time.
Disclaimer##
Ecommerce entrepreneurs should familiarise themself with the latest tax and business regulations from the National Board of Revenue (NBR) and the Ministry of Commerce in Bangladesh.
Since the availability of widespread Internet in Bangladesh in the early 2000s, the e-commerce industry started to grow in a drastic range. This online business industry got pace after Bangladesh Bank permitted online transactions & the buying and selling of anything using an international credit card in 2013.
Currently, in 2023, the eCommerce Association of Bangladesh (e-Cab)-2017 predicted that there will be almost 700 ecommerce sites and 8000 F-commerce pages.
Image source:statista
Bangladesh follows four types of ecommerce business criteria:
Generally, the people of Bangladesh prefer cash on delivery instead of using debit and credit. Besides, Bangladesh faces some severe challenges in the ecommerce industry. Challenges such as:
Bangladesh also has different ecommerce domestic ecommerce sites like different online food delivery services such as Foodpanda, Pathao Food, etc. This online food delivery service business has drastically helped different restaurant businesses to boost up their sales also in the period of a pandemic.
Bangladesh also follows B2B ecommerce in different industrial sectors, such as manufacturing and supply chain industries. Besides, the Bangladesh Garment Manufacturers Employee Association (BGMEA) established a new system of B2B ecommerce solutions for international RMG sectors and domestic garments.
Cross-border e-commerce was also gaining momentum, with many Bangladeshi consumers making purchases from international websites. This had implications for customs and import regulations.
According to Bangladesh's perspective, cash on delivery is the safest and most reliable transaction method for ecommerce business. As per e-Cab data, 90%+ of e-commerce end-user choices choose COD getaway mode. Most ecommerce platforms offer multiple types of transaction modes.
The International Telecommunication Union(ITU) confirmed that almost 88.1% are mobile data users, while 30% are broadband subscribers. Bangladesh is moving forward to a new milestone, which is mobile banking. Mobile banking includes cash-in, cash-out, merchant payments, utility payments, salary disbursement, foreign remittances, and fund transfers.
To protect the privacy of both buyer and seller, Bangladesh has developed an Information and Communication Technology (ICT) Act of 2006. In the ICT act, it's been stated that any kind of fraud will result in imprisonment/fines.
The e-commerce business in Bangladesh was a dynamic and growing industry as of 2022, driven by increasing internet penetration, changing consumer preferences, and a supportive regulatory environment.
It was an industry with considerable potential for further expansion, but it also faced challenges that needed to be addressed, such as building trust and improving logistics.
To get the most up-to-date information on the state of e-commerce in Bangladesh, it's advisable to consult recent reports and news sources.
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