PriyoShop is a B2B marketplace that connects micro-merchants directly to suppliers, utilizing a digital platform to streamline procurement and enhance supply chain efficiency. By offering embedded finance solutions, PriyoShop addresses the fragmented supply chain issue, enabling micro-merchants to access better pricing and financial transparency while boosting their sales potential.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AA+4Founders
Product
Problem
Micro, small, and medium-sized enterprises (MSMEs) in emerging markets often face challenges in procuring goods due to fragmented supply chains, limited access to financing, and a lack of price transparency. This can lead to higher costs, inefficient inventory management, and reduced profitability for these businesses.
Solution
PriyoShop is a B2B marketplace that directly connects MSMEs with suppliers, streamlining the procurement process and improving supply chain efficiency. The platform provides a digital solution for ordering and managing inventory, offering access to a wide range of products, including FMCG and hygiene products, from reputable brands. By partnering with fintech providers, PriyoShop also facilitates access to credit and financial services, enabling MSMEs to secure working capital and digitize payments. This comprehensive approach empowers MSMEs to improve their operations, enhance financial inclusion, and foster sustainable growth. PriyoShop also offers POS systems for businesses in the HoReCa sector to improve customer service, track sales, manage inventory, and create data insights.
Target Audience
The primary target audience includes micro, small, and medium-sized enterprises (MSMEs) in Bangladesh, particularly retailers and businesses in the HoReCa sector (hotels, restaurants, and cafes).
Features
- Digital marketplace connecting MSMEs directly with suppliers
- Access to thousands of SKUs across various product categories
- Mobile app for easy browsing, ordering, and order tracking
- Partnerships with fintech providers for credit access and digital payment solutions
- POS systems for Hotel, Restaurant, Cafe (HoReCa) businesses
- Real-time inventory management and order placement
- Transparent pricing without hidden charges
- Delivery services across Bangladesh