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Bangladeshi retail tech startup raises $74m from US fund

ShopUp to expand mobile-first digital platform for mom-and-pop shops

A man sells vegetables on the street in Dhaka on July 6. Bangladesh is one of the most fragmented retail markets in Asia and has huge potential to grow.   © Reuters

SINGAPORE -- ShopUp, a Bangladesh-based startup that is trying to digitalize mom-and-pop shops in the country, has raised $74.4 million in a round led by Valar Ventures, according to Accounting and Corporate Regulatory Authority filings seen by DealStreetAsia.

ACRA filings only reflect the equity funding received so far in a round, and the overall funding round could be larger and have other components such as debt.

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