• Latest
  • Trending
Online meal delivery service HungryNaki has 500 drivers who serve its more than 500,000 regular customers in five Bangladeshi cities. (Source photos by AP and HungryNaki)

Alibaba buys Bangladesh food delivery service HungryNaki

March 4, 2021
Trust in Chinese vaccines gives European countries head start in global inoculation race

Trust in Chinese vaccines gives European countries head start in global inoculation race

April 15, 2021
Joe Biden. Image credits - Gage Skidmore / Wikimedia Commons

Afghanistan: Biden calls for end to ‘America’s longest war’

April 15, 2021
File photo of Kumbh Mela. Image credits - ANI

‘Super-spreader’ erupts as devout Hindus throng Kumbh Mela

April 15, 2021
India - Image credits: Annie Spratt / Unsplash

India’s coronavirus cases hit record as Mumbai prepares for new lockdown

April 15, 2021
Babar Azam. Image credits - Twitter - Babar Azam @babarazam258

Pakistan’s Babar Azam dethrones Virat Kohli in ODI rankings

April 15, 2021
Chinese Defense Minister’s visit to Sri Lanka in perspective

Chinese Defense Minister’s visit to Sri Lanka in perspective

April 14, 2021
John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

April 14, 2021
Amit Shah’s knowledge of Bangladesh is limited: Bangladesh Foreign minister

Amit Shah’s knowledge of Bangladesh is limited: Bangladesh Foreign minister

April 14, 2021
Climate. Image credits - Guy Bowden / Unsplash

World’s wealthiest are ‘at heart of climate problem’

April 14, 2021
Image credits - Giuliano Gabella @ggabella91

Maharashtra imposes 15-day lockdown, shuts most manufacturing, restricts e-commerce to fight COVID-19

April 14, 2021
Image credits - AARN GIRI / Unsplash

New WhatsApp flaw can let cyber attackers deactivate your account using your phone number

April 14, 2021
Kolkata Knight Riders' all-rounder Andre Russell. (Twitter Photo)

Andre Russell takes 5 for 15 to record best bowling figures against Mumbai Indians

April 14, 2021
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Thursday, April 15, 2021
  • Login
  • Register
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Joe Biden. Image credits - Gage Skidmore / Wikimedia Commons

    Afghanistan: Biden calls for end to ‘America’s longest war’

    File photo of Kumbh Mela. Image credits - ANI

    ‘Super-spreader’ erupts as devout Hindus throng Kumbh Mela

    India - Image credits: Annie Spratt / Unsplash

    India’s coronavirus cases hit record as Mumbai prepares for new lockdown

    Babar Azam. Image credits - Twitter - Babar Azam @babarazam258

    Pakistan’s Babar Azam dethrones Virat Kohli in ODI rankings

    Chinese Defense Minister’s visit to Sri Lanka in perspective

    Chinese Defense Minister’s visit to Sri Lanka in perspective

    John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

    John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

    Amit Shah’s knowledge of Bangladesh is limited: Bangladesh Foreign minister

    Amit Shah’s knowledge of Bangladesh is limited: Bangladesh Foreign minister

    Image credits - Giuliano Gabella @ggabella91

    Maharashtra imposes 15-day lockdown, shuts most manufacturing, restricts e-commerce to fight COVID-19

  • World
    • All
    • Japan
    • Russia
    • United States
    Joe Biden. Image credits - Gage Skidmore / Wikimedia Commons

    Afghanistan: Biden calls for end to ‘America’s longest war’

    John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

    John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

    Image credits - AARN GIRI / Unsplash

    New WhatsApp flaw can let cyber attackers deactivate your account using your phone number

    Mask. Image credits - Vera Davidova / Unsplash

    How often do you wash your mask? This is how a mask worn for 6 hours looks like

    FILE PHOTO: Tedros Adhanom Ghebreyesus, director general of World Health Organization (WHO) speaks at the virtual 73rd World Health Assembly (WHA) following the coronavirus disease (COVID-19) outbreak in Geneva, Switzerland, May 18, 2020. Christopher Black/WHO/Handout via REUTERS

    Coronavirus pandemic ‘a long way from over’, WHO’s Tedros says

    Vaccine. Image credits - Hakan Nural / Unsplash

    India approves Russia’s Sputnik V COVID-19 vaccine

    Image credits - Rezki Trianto @rezkitrianto / Unsplash

    Ramadan 2021: The health benefits of fasting

    Image credits - © SuitX Exoskeletons give the wearer more power and endurance

    The ‘Iron Man’ body armour many of us may soon be wearing

    Nora al-Matrooshi has made history in the UAE as the country's first female astronaut (Picture Credits: Twitter/@MBRSpaceCentre)

    UAE selects first Arab woman for astronaut training

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Series
    Image credits - Variety / BAFTAImage credits - Variety / BAFTA

    BAFTA Awards 2021: See the full list of winners

    The name of Farhan Akhtar's Marvel project was not revealed. (Photo: Farhan Akhtar/Instagram)

    Farhan Akhtar shooting for secret Marvel project in Thailand

    SAG Awards 2019. Rob Latour/REX/Shutterstock

    Key winners at the 2021 Screen Actors Guild Awards

    The tragic life of Bollywood’s ethereal beauty

    The tragic life of Bollywood’s ethereal beauty

    © Photograph: Chris Pizzello/Invision/AP Busy … George RR Martin.

    George RR Martin signs five-year, eight-figure deal for more HBO projects

    Art across the Palk Strait

    Art across the Palk Strait

    Marvel - Black Widow

    Marvel couldn’t wait any longer to kick off its next phase of movies and shows

    Image credits - Glenn Carstens-Peters / Unsplash

    Amazon Prime Video to produce its first Bollywood film in India

    Image credits - The Verge

    Justice League: After four years and countless tweets, the Snyder Cut is here

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Mask. Image credits - Vera Davidova / Unsplash

    How often do you wash your mask? This is how a mask worn for 6 hours looks like

    Image credits - © SuitX Exoskeletons give the wearer more power and endurance

    The ‘Iron Man’ body armour many of us may soon be wearing

    Image credits - Rachel Park / Unsplash

    10 benefits of fasting that will surprise you

    Pakistani dates tickle Lankan taste buds

    Pakistani dates tickle Lankan taste buds

    Image credits - Adam Gonzales / Unsplash

    Singapore becomes a global cruise leader, for now

    Covid-19. Image credits - Hakan Nural / Unsplash

    Clear link between AstraZeneca vaccine and rare blood clots in brain, EMA official tells paper

    Image credits - Lukas Blazek / Unsplash

    Is Big Tech going off remote working?

    Image credits - JC Gellidon / Unsplash

    A third of COVID survivors suffer neurological or mental disorders: study

    2456 Chinese nationals given the first dose of Sinopharm vaccine

    2456 Chinese nationals given the first dose of Sinopharm vaccine

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Image credits - AARN GIRI / Unsplash

    New WhatsApp flaw can let cyber attackers deactivate your account using your phone number

    Image credits - © SuitX Exoskeletons give the wearer more power and endurance

    The ‘Iron Man’ body armour many of us may soon be wearing

    Image credits - Monkey MindPong Screenshot / YouTube

    Elon Musk’s Neuralink shows monkey with brain-chip playing videogame by thinking

    Image credits - Tim Bennett @timbennettcreative / Unsplash

    Facebook does not plan to notify half-billion users affected by data leak

    Image credits - Lukas Blazek / Unsplash

    Is Big Tech going off remote working?

    Facebook. Image credits - Solen Feyissa @solenfeyissa

    Here’s how to tell if your Facebook account was one of the half-billion that were breached

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Joe Biden. Image credits - Gage Skidmore / Wikimedia Commons

    Afghanistan: Biden calls for end to ‘America’s longest war’

    File photo of Kumbh Mela. Image credits - ANI

    ‘Super-spreader’ erupts as devout Hindus throng Kumbh Mela

    India - Image credits: Annie Spratt / Unsplash

    India’s coronavirus cases hit record as Mumbai prepares for new lockdown

    Babar Azam. Image credits - Twitter - Babar Azam @babarazam258

    Pakistan’s Babar Azam dethrones Virat Kohli in ODI rankings

    Chinese Defense Minister’s visit to Sri Lanka in perspective

    Chinese Defense Minister’s visit to Sri Lanka in perspective

    John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

    John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

    Amit Shah’s knowledge of Bangladesh is limited: Bangladesh Foreign minister

    Amit Shah’s knowledge of Bangladesh is limited: Bangladesh Foreign minister

    Image credits - Giuliano Gabella @ggabella91

    Maharashtra imposes 15-day lockdown, shuts most manufacturing, restricts e-commerce to fight COVID-19

  • World
    • All
    • Japan
    • Russia
    • United States
    Joe Biden. Image credits - Gage Skidmore / Wikimedia Commons

    Afghanistan: Biden calls for end to ‘America’s longest war’

    John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

    John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

    Image credits - AARN GIRI / Unsplash

    New WhatsApp flaw can let cyber attackers deactivate your account using your phone number

    Mask. Image credits - Vera Davidova / Unsplash

    How often do you wash your mask? This is how a mask worn for 6 hours looks like

    FILE PHOTO: Tedros Adhanom Ghebreyesus, director general of World Health Organization (WHO) speaks at the virtual 73rd World Health Assembly (WHA) following the coronavirus disease (COVID-19) outbreak in Geneva, Switzerland, May 18, 2020. Christopher Black/WHO/Handout via REUTERS

    Coronavirus pandemic ‘a long way from over’, WHO’s Tedros says

    Vaccine. Image credits - Hakan Nural / Unsplash

    India approves Russia’s Sputnik V COVID-19 vaccine

    Image credits - Rezki Trianto @rezkitrianto / Unsplash

    Ramadan 2021: The health benefits of fasting

    Image credits - © SuitX Exoskeletons give the wearer more power and endurance

    The ‘Iron Man’ body armour many of us may soon be wearing

    Nora al-Matrooshi has made history in the UAE as the country's first female astronaut (Picture Credits: Twitter/@MBRSpaceCentre)

    UAE selects first Arab woman for astronaut training

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Series
    Image credits - Variety / BAFTAImage credits - Variety / BAFTA

    BAFTA Awards 2021: See the full list of winners

    The name of Farhan Akhtar's Marvel project was not revealed. (Photo: Farhan Akhtar/Instagram)

    Farhan Akhtar shooting for secret Marvel project in Thailand

    SAG Awards 2019. Rob Latour/REX/Shutterstock

    Key winners at the 2021 Screen Actors Guild Awards

    The tragic life of Bollywood’s ethereal beauty

    The tragic life of Bollywood’s ethereal beauty

    © Photograph: Chris Pizzello/Invision/AP Busy … George RR Martin.

    George RR Martin signs five-year, eight-figure deal for more HBO projects

    Art across the Palk Strait

    Art across the Palk Strait

    Marvel - Black Widow

    Marvel couldn’t wait any longer to kick off its next phase of movies and shows

    Image credits - Glenn Carstens-Peters / Unsplash

    Amazon Prime Video to produce its first Bollywood film in India

    Image credits - The Verge

    Justice League: After four years and countless tweets, the Snyder Cut is here

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Trust in Chinese vaccines gives European countries head start in global inoculation race

    Mask. Image credits - Vera Davidova / Unsplash

    How often do you wash your mask? This is how a mask worn for 6 hours looks like

    Image credits - © SuitX Exoskeletons give the wearer more power and endurance

    The ‘Iron Man’ body armour many of us may soon be wearing

    Image credits - Rachel Park / Unsplash

    10 benefits of fasting that will surprise you

    Pakistani dates tickle Lankan taste buds

    Pakistani dates tickle Lankan taste buds

    Image credits - Adam Gonzales / Unsplash

    Singapore becomes a global cruise leader, for now

    Covid-19. Image credits - Hakan Nural / Unsplash

    Clear link between AstraZeneca vaccine and rare blood clots in brain, EMA official tells paper

    Image credits - Lukas Blazek / Unsplash

    Is Big Tech going off remote working?

    Image credits - JC Gellidon / Unsplash

    A third of COVID survivors suffer neurological or mental disorders: study

    2456 Chinese nationals given the first dose of Sinopharm vaccine

    2456 Chinese nationals given the first dose of Sinopharm vaccine

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Image credits - AARN GIRI / Unsplash

    New WhatsApp flaw can let cyber attackers deactivate your account using your phone number

    Image credits - © SuitX Exoskeletons give the wearer more power and endurance

    The ‘Iron Man’ body armour many of us may soon be wearing

    Image credits - Monkey MindPong Screenshot / YouTube

    Elon Musk’s Neuralink shows monkey with brain-chip playing videogame by thinking

    Image credits - Tim Bennett @timbennettcreative / Unsplash

    Facebook does not plan to notify half-billion users affected by data leak

    Image credits - Lukas Blazek / Unsplash

    Is Big Tech going off remote working?

    Facebook. Image credits - Solen Feyissa @solenfeyissa

    Here’s how to tell if your Facebook account was one of the half-billion that were breached

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
No Result
View All Result
NewsIn.Asia
No Result
View All Result
Home Around South Asia

Alibaba buys Bangladesh food delivery service HungryNaki

Editor by Editor
March 4, 2021
in Around South Asia, Bangladesh
Reading Time: 3min read
4 0
Online meal delivery service HungryNaki has 500 drivers who serve its more than 500,000 regular customers in five Bangladeshi cities. (Source photos by AP and HungryNaki)

Online meal delivery service HungryNaki has 500 drivers who serve its more than 500,000 regular customers in five Bangladeshi cities. (Source photos by AP and HungryNaki)

Share on WhatsApp

Dhaka, March 4 – Alibaba Group Holding has reached a deal that is to be announced Thursday under which it will buy a leading Bangladeshi online meal delivery service in one of its first international forays in the fast-growing sector.

Alibaba took full control of Ele.me, China’s second-largest food delivery service, in 2018.

The platform, which has expanded to encompass services including manicures and housecleaning, generated 24.29 billion yuan ($3.75 billion) in revenue for Alibaba in the nine months to Dec. 31. Ele.me and other Alibaba “local services” units counted 290 million customers and 850,000 drivers, according to a company presentation last September.

HungryNaki, Alibaba’s new Bangladeshi affiliate, is much smaller. Founded in 2013, it claims to have more than 500,000 regular customers ordering from 4,000 restaurants in five cities. The company has 500 drivers and 100 staff.

“This is the first acquisition of a Bangladeshi startup,” Chief Executive A.D. Ahmad told Nikkei Asia. “It is a matter of pride. We have concluded the deal and it may take a month to finalize the acquisition process.”

Alibaba is acquiring 100% of the company from its local owners via Daraz Group, the Pakistan-based e-commerce platform it acquired in 2018. Daraz plans to extend HungryNaki’s network to around 100 cities, with investments in infrastructure, technology and human resources, officials said. No price has been disclosed.

“We believe instead of building our own food delivery business from the ground up, acquiring HungryNaki is ideal,” Daraz spokesperson Shayantani Twisha told Nikkei.

Daraz has been Alibaba’s main operating vehicle in Bangladesh, Pakistan, Myanmar, Sri Lanka and Nepal. Alibaba has invested more heavily in India, but over the past year has seen some of its apps banned and further investments restrained due to the border conflict between China and India.

Ant Group, Alibaba’s financial services subsidiary, bought a 20% stake in bKash, a Bangladeshi peer, in 2018. Ant has also invested in Indian food delivery app Zomato.

Bangladesh’s food delivery market has attracted international interest before. Berlin-based Foodpanda launched in the country soon after HungryNaki. More recently, Singapore-based Golden Gate Ventures led a $15 million round for rival delivery service Shohoz.

With as many as nine delivery apps competing over around 100,000 orders a day, many of the services have been bleeding cash. Uber Eats closed its local operations last year.

A HungryNaki investor told Nikkei he would be taking a large loss on the capital he had put into the company with the sale to Alibaba.

“This is not a success case for local entrepreneurs, rather a failure case for startups,” he said.

Maliha Quadir, founder and managing director of Shohoz, told Nikkei she remains bullish about food delivery’s prospects in the country, given rising incomes and employment rates for women, but worries about the entry of foreign operators.

“Big players will make it difficult for local startups,” she said. “Bangladesh’s market is small.”

Others, though, see Alibaba’s move as a vote of confidence in the country’s private sector.

“This will be a positive move,” said Muhammad Abdul Wahed Tomal, general secretary of the e-Commerce Association of Bangladesh. “HungryNaki will get bigger.”

Source – Nikkei Asia

Source: Nikkei Asia
Tags: AlibabaBangladeshDeliveryFood
SendShare3Tweet1ShareShare
Editor

Editor

Recommended Articles

  • All
  • Recommend
Trust in Chinese vaccines gives European countries head start in global inoculation race

Trust in Chinese vaccines gives European countries head start in global inoculation race

April 15, 2021
John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

John Kerry appeals to Bangladesh to stop coal- fired power plant near mangrove forest

April 14, 2021
A grim new year for debt-trapped rural women in Sri Lanka

A grim new year for debt-trapped rural women in Sri Lanka

April 13, 2021
Growth and decline of Muslims in maritime trade

Growth and decline of Muslims in maritime trade

April 13, 2021
Colombo Port City and Hambantota port are dual engines of Lanka’s economic growth: Chinese envoy

Colombo Port City and Hambantota port are dual engines of Lanka’s economic growth: Chinese envoy

April 12, 2021
China’s US$ 500 m New Year gift to Sri Lanka

China’s US$ 500 m New Year gift to Sri Lanka

April 12, 2021

Advertorial

  • All
  • Advertorial
Visual and Textual Analysis for Images with Reverse Search Tools

Visual and Textual Analysis for Images with Reverse Search Tools

January 3, 2021

Popular Now

  • Disneyland. Image credits - Kon Karampelas / Unsplash

    Sri Lanka will build South Asia’s first Disneyland

    270 shares
    Share 108 Tweet 68
  • Singapore becomes a global cruise leader, for now

    39 shares
    Share 16 Tweet 10
  • Mrs. World Caroline Jurie arrested in Sri Lanka

    29 shares
    Share 12 Tweet 7
  • Beijing now has more billionaires than any city

    16 shares
    Share 6 Tweet 4
  • Bangladesh among world’s top 10 in 13 sectors

    32 shares
    Share 13 Tweet 8
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2020 NewsIn.Asia - Lovingly maintained by DigitalArc.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States

© 2020 NewsIn.Asia - Lovingly maintained by DigitalArc.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In