Evaly has returned Tk 2 crore 17 lakhs to the creditors from the net profit of the last six months of business. After paying the dues, they still have a debt of worth Tk. 500 crores. However, this e-commerce company is on the way to increasing company valuation through business profit and becoming a public limited company from sole proprietorship. At the same time, they are going to launch B-Seller.com platform with resellers to increase revenue and cross-border e-commerce Savlon.com to start selling products made in Bangladesh abroad in eight countries of the world by August.
Evaly founder Mohammad Russell expressed this opinion in an online press conference on Thursday. He said, in the last six months, the income from three and a half lakh invoices was about Tk. 3 crores. The net income from this is Tk. 2.5 crore. According to estimates, the financial value of Evaly is around Tk. 50 crore. After I failed to get investment in sole proprietorship, now I hope that through business development, Evaly will be able to get investment from the stock market as well. Evaly’s asset value is a matter of hope. It is possible to extract two hundred to two and a half hundred crores taka from the market. Because, Evaly is proving to be profitable and affordable.
Russell said, last week I also spoke with private companies at two dock sites. I was very close to being arrested when I spoke before. Hope to get new investment by 2024. Besides, I have given a discount of 19 crores on the cash gateway.
In response to a question, Evaly founder MD said, I hope that it will be possible to have a physical office when the technical committee meets next month.
In response to another question, Russell said, I am not in hiding. I didn’t run away. This always makes me smile. But finally, I am grateful to the customers. I am also benefiting from government monitoring. Of course, if someone tries to collect the dues forcibly, I will collapse. Nothing will come out now by squeezing.
Regarding the promise to repay the debt within two years, he said, this can be estimated from the net profit of the last 6 months. Hopefully, we will make a break through in 2024. I will stop giving money to customers for the next two months and pay the dues of media and sellers. I will be able to pay off all the debts within the next two years.
