Daraz definition

Daraz is an Urdu word which means ‘Drawer’ and as a worldwide leading e-retail brand, it officially launched its operation in Bangladesh as daraz.com.bd. Almost at the last of the month of September, 2013 it came to the market as a 4th e-commerce site after OLX, Ekhanei and ClickBD but enduring its business operation to obtain the country’s number one online shopping point.
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Daraz is Urdu word which means "Drawer" and as an overall driving e-retail market, it confidently boosted its operation in Bangladesh as Daraz.com.bd. Practically at the remainder of the middle of 2013, it went to the market as a fourth internet business webpage after OLX, Ekhanei and ClickBD however bearing its business operation to acquire the nation's main web based shopping point. (Chowdhury, 2016)
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Daraz is Urdu word which means "Drawer”. The main reason behind this name is that we find everything arranged inside a drawer likewise we will find everything in Daraz. Daraz was founded by Rocket internet. The main headquarter of Daraz is located in Pakistan and other than that Daraz is operating in 4 more countries, namely, Bangladesh, Sri Lanka, Myanmar and Nepal. In Bangladesh it started its journey at the middle of 2013 and it went to the market as a fourth internet business webpage after OLX, Ekhanei and ClickBD. At that time it was only operating in Pakistan, Bangladesh and Myanmar. However, in July 2016, Daraz Group acquired Kaymu, a consumer-to-consumer online marketplace in South Asia, and with the acquisition began operations in Sri Lanka and Nepal. In May 2018, Daraz Group announced that it had been acquired by Alibaba Group for an undisclosed amount. At the end of 2018 the whole integration process with Alibaba was completed and thus Daraz is now a sister concern of Alibaba Group.
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Examples of Daraz in a sentence

  • Our International commerce retail businesses include Lazada, AliExpress, Trendyol and Daraz platforms.

  • During the June quarter, the combined number of orders of Lazada, AliExpress, Trendyol and Daraz declined by 4% year-over-year, primarily driven by declining orders of AliExpress due to change in the European Union’s VAT rules, depreciation of the Euro against the U.S dollar as well as ongoing supply chain and logistics disruptions due to the Russia-Ukraine conflict.

  • Our International commerce retail businesses include Lazada, AliExpress, Trendyol and Daraz.

Related to Daraz

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • Tabarru ” means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.

  • caravan means a vehicle that is fitted or designed to allow human habitation and which is drawn by another vehicle, or which is capable of self-propulsion;

  • hostel means a place of residence for the students of the University, or its colleges, institutions and study centers, established or recognized to be as such by the University;

  • WURA means the Winding-Up and Restructuring Act (Canada).