Sunday Times E-Paper

Daraz celebrates 5 successful years of revolutionising Sri Lanka in many ways than one

Five years ago, a small and young team of around 100, were operating under the name of Kaymu.lk, building the foundation for a stable e-commerce platform in Sri Lanka.

Recognising the potential of the operations, Daraz stepped forward to invest on this business, contributing with international level financial and technological prowess.

Since its launch in Sri Lanka in 2016, Daraz has grown in leaps and bounds within a short period of five years, transforming and revolutionising e-commerce in the country and opening thousands of opportunities to the local retail industry.

With its exposure to the global giant Alibaba’s technological eco system, and backed by AliPay/Ant Financials, Daraz possesses first in class technology and business intelligence that monitors market and behavioral trends. Today, over 50,000 large, medium and small enterprises sell on Daraz, providing millions of items to the online shoppers to buy from.

More than 10,000 Sri Lankan women entrepreneurs, who are bread-winners of their families are benefitting by the largest online shopping platform in the island.

Daraz’s own logistic arm, Daraz Express (DEX), which is the largest professional delivery fleet in the country, including over 25 Daraz Hubs across the island, has played a key role in developing an efficient island-wide logistic network. With the continuously expanding operation, over 5,000 direct and indirect employment opportunities have been created in the past 60 months.

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2021-10-17T07:00:00.0000000Z

2021-10-17T07:00:00.0000000Z

https://sundaytimes.pressreader.com/article/282999698028242

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