ShopUp, Bangladesh’s largest full-stack B2B commerce platform, has been named on Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2023. The award highlights businesses at the forefront of their respective industries, paving the way for the innovations of tomorrow.
The 2023 list is full of extraordinary founders and businesses, including global innovators like OpenAI and NASA, among others. ShopUp has earned the standing of No. 3 in the Asia-Pacific category on the 2023 Most Innovative Companies list. Past winners of the award include Spotify and Airbnb.
“We are happy to receive this recognition. It is an exciting time for Bangladesh, we feel inspired to be in the company of so many other startups who are innovating and solving local problems.”, says Afeef Zaman, Founder and CEO of ShopUp.
ShopUp is using technology to serve the needs of small neighborhood retailers. Currently, ShopUp’s commerce platform Mokam and logistics network REDX ensure food and essentials reach 20 million people in the country. The company is poised to solve critical gaps in the local food supply chain.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated annual editorial efforts. It provides a firsthand look at the inspiring and innovative efforts of companies across all economic sectors.
About ShopUp:
ShopUp is the largest full-stack B2B commerce platform in Bangladesh, offering a range of services to small businesses. ShopUp’s commerce platform Mokam partners with manufacturers, brands, and mills to streamline the distribution of food and household necessities to small shops. Currently, 20 million people in Bangladesh access food and essentials through Mokam’s network of shops.
ShopUp also operates the largest last-mile logistics network in Bangladesh, REDX, and is committed to addressing gaps in the country’s food supply chain infrastructure. We aim to reduce the significant food waste issue in Bangladesh by building a seamless distribution network that reaches 50% of the population. To date, the company has raised over $200 million in investments from global investors.
