Jamuna Group Going to Invest TK 1,000 crore in Evaly

Jamuna Group, one of the country's leading industrial companies, is going to invest Tk 1,000 crore in e-commerce company Evaly. Initially, Jamuna will invest Tk 200 crore. The company plans to invest a total of one thousand crore Taka at different stages.

Mohammad Russell, founder and CEO of Evaly, said, “We are really happy to have another local company by our side as a local enterprise. This investment in the Jamuna is part of the ongoing investment and they have the opportunity to invest in the next step as well. This investment will be spent on the future development and business scope of Evaly.

Regarding the delivery of old orders to customers, Russell said, "We give the highest priority to the delivery of old orders that are pending. If necessary, we will arrange more investment.

Monica Islam, Group Director, Jamuna Group, told The Daily Star: We are investing in Evaly. For now, we will invest 100-200 crore Taka. Next, we will invest one thousand crore Taka step by step as required.

Asked about the shareholder between Evaly and Jamuna, he said, "It's not fixed yet. If it is correct, you will know very soon. ' Asked about Bangladesh Bank's probe into the non-liability of Evaly's total assets, Monica Islam said, "The crisis is related to fund management. That's why Evely was looking for investors. '

Monica Islam further said, “Jamuna Group has been doing business with quality products and services in the country's market. Jamuna Future Park is the largest offline marketplace in Bangladesh. And now Jamuna will be with Evaly to build the biggest online marketplace.

Shamim Islam, Managing Director of Jamuna Group, said, “We see in the development of different countries of the world that local e-commerce companies are playing an important role in the economic development of the country. Evaly is working to fulfill the dreams of the common people of the country. And Jamuna Group has been working for the welfare of the country and its people for over 50 years. From now on, Evaly and Jamuna groups have become partners in fulfilling that dream. 

Category and Tags
More stories by
Bangladeshi startup OneBrain AI at OpenAI DevDay in the US

Bangladeshi startup OneBrain AI has participated in the 'OpenAI DevDay 2025' organized by OpenAI, the developer of ChatGPT. OpenAI's CEO Sam Altman and OneBrain AI officials met with the company's developer team at the conference held in San Francisc

Uddog o Uddokta Japan Association Co-organizes Global Youth Innovation Program on Health for SDG #3

The 5th 3ZERO Leadership Challenge (3ZLC), focusing on Health Innovation for SDG #3: Good Health and Well-being, concluded successfully at the 7th SocialTech Summit 2025 in Hiroshima...

Modi government is encouraging the use of Indian apps to compete with US technology

Photo: BHThe Modi government is encouraging the use of locally developed apps in India, as opposed to those from multinational companies such as Google Maps, WhatsApp and Microsoft. Three cabinet ministers have recen...

Musk's 'Grokipedia' is coming to compete with Wikipedia

American billionaire Elon Musk has expressed his dissatisfaction with popular online platforms at various times. Now he has announced that he will create an alternative to Wikipedia, the world's largest online encycl...

Elon Musk's SpaceX is on track to launch its own 5G network

SpaceX|ReutersElon Musk's SpaceX has signed a deal to buy wireless spectrum from US telecoms firm Ecostar for around $17 billion. The company plans to use the spectrum to connect Starlink to satellite-based internet as well as mobile networks. This m

Follow Business Habit on Facebook, Twitter