Daraz Acquires HungryNaki

The country’s largest e-commerce site Daraz, a concern of Alibaba Group, is going to add another feather to its cap by acquiring the assets of the food delivery service company HungryNaki. Both the concerns came up with this development in a joint press conference arranged by them at BICC today (March 4, 2021). Daraz’s Managing Director Syed Mostahidal Hoq, HungryNaki CEO and Co-founder AD Ahmad, and other high officials from both the companies were present at the press conference. According to information provided at the press conference, Daraz has taken over most of the tangible and intangible assets of Hungrynaki. However, HungryNaki will keep functioning as usual with all the existing employees and will operate as a separate brand with an independent food delivery platform owned by Daraz directly. Daraz’s Managing Director Syed Mostahidal Hoq said on occasion, “We aspire to be a one-stop solution for all our customers’ needs. And getting into the food delivery business is a natural move. HungryNaki is the pioneer in the food delivery business in Bangladesh with a loyal customer base. We believe instead of building our own food delivery business from the ground up, acquiring HungryNaki is ideal considering these two factors. We believe, by investing in the infrastructure, technology, and human resources, we can take HungryNaki to a new height.” HungryNaki CEO and Co-founder AD Ahmad shared, “We can definitely say that this is an auspicious moment for all of us because this acquisition by Daraz proves that our e-commerce industry is in an optimistic state. Moreover, this is a positive sign for other local start-ups, and this kind of acquisition will play a full part in the revival of our economy by expediting positive impacts. We will be working with Daraz to make Hugnrynaki a formidable player in the market.”