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E-commerce: The Adventure Begins in Bangladesh

Abstract

Bangladesh is set for growth with a market of 160 million+ packed into a territory roughly one-quarter the size of Thailand (5th most dense in the world). The consumer class is young, technologically adaptable and exhibits high engagement through the mobile internet. As an emerging economy, Bangladesh has embraced technology at a rapid pace. The penetration of the telecom sector, mobile commerce and advent of internet based applications designed by businesses and supported by the tech friendly government validates the growth story that is going to unfold in the e-space of Bangladesh. With growing internet connectivity, proliferation of cheaper varieties of smartphones, rapid rise in social networking (10 million + Facebook users) and e-commerce firms in Bangladesh, the consumers are getting more and more digitally attuned which eventually ends up having a profound impact on their consumption pattern.

LightCastle Partners

LightCastle creates data-driven opportunities for growth and lasting impact for development partners, corporations, startups and SMEs. Till date, we have consulted for 120+ corporations & development partners, collaborated with 300+ SMEs & startups and supported 20+ accelerator programs across Bangladesh.

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