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ShopUp and Sary merge to form SILQ Group, backed by $110M, aiming to lead B2B commerce in Gulf and Asia.
ShopUp and Sary, leading B2B commerce platforms from Bangladesh and the Gulf, have merged to form SILQ Group, backed by a $110 million funding from Sanabil Investments and Valar Ventures.
The merger creates the largest B2B platform serving the fastest-growing markets in the region, with over $5 billion in transactions and $750 million in financing.
SILQ aims to enhance efficiency and growth for small businesses across the Gulf and Asia.
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ShopUp y Sary se fusionan para formar SILQ Group, respaldado por $110 millones, con el objetivo de liderar el comercio B2B en el Golfo y Asia.