Apacig has backed a first funding round for the e-commerce portal focused on Bangladesh, Myanmar and Pakistan.
Pakistan-based e-commerce business Daraz has raised a $56m series A round backed by Apacig, a joint venture of incubator Rocket Internet and telecoms firm Ooreedo, TechCrunch reported yesterday.
The round was led by CDC Group, a development finance institution wholly owned by the UK government.
Founded in 2012, Daraz operates an online store targeting consumers in Pakistan, Bangladesh and Myanmar.
Daraz is expected to use the cash to expand its staff and help improve the retail, logistics and technology ecosystem…
