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Tk200 crore order in one day in Evaly

Mohammad Russell, managing director of Evaly, said that there was an idea that everyone was shopping at Evaly for higher discounts

Dhaka — Bangladesh based e-commerce platform Evaly has received orders worth Tk200 crore in one day despite various allegations including delays in delivering ordered products. The company’s managing director Md. Russell said on Facebook on social media.

Mohammad Russell, managing director of Evaly, said that there was an idea that everyone was shopping at Evaly for higher discounts. But it is now clear that the real context is different. Through the T10 campaign, we can see that we have a large loyal customer base.

“They place more than 60,000 orders in less than 3 hours of the campaign even though the discount is very low. Whose financial value is more than 200 crore taka.”

“However, the value of the paid order will be less than this. Yet these statistics are very important. As we said earlier, Evaly is working towards the goal of becoming a profitable and sustainable e-commerce ecosystem.”

Earlier, a report by Bangladesh Bank (BB) revealed that Evaly had six times more debt than his assets. According to the report, the total liability of Evaly is Tk407 crore.
The company has taken an advance of Tk214 crore from customers, and the remaining Tk190 crore from merchants. As per normal rules, the company is required to have at least Tk404 crore of working assets. But the resources are only Tk65 crore.

Besides, there is no trace of the advance of Tk339 crore taken from customers and merchants till March 14. There is a risk of embezzling or illegally moving the money.

The Commerce Ministry has sent a letter to four government institutions to take necessary action after investigating the allegations on July 4 in the wake of an inspection report of Bangladesh Bank on Evaly.

The four institutions are the Anti-Corruption Commission (ACC), the Public Security Department of the Ministry of Home Affairs, the Bangladesh Competition Commission and the National Consumer Rights Protection Directorate.

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