Snapchat’s former Bangladeshi CSO, Imran Khan, launches e-commerce venture to compete with the likes of Amazon

A new retail website, called Verishop, has gone live recently. And it goes head-to-head with mammoth platforms like Amazon. The brain behind this venture is the former Chief Strategic Officer of Snapchat, Imran Khan.

Why Verishop

Khan being present in the business arena for quite a while had observed some of the frustrations up-and-coming brands have expressed regarding existing sites that have counterfeit products or that hurt brand integrity. Verishop aims to change that and create an even and transparent platform for both buyers and sellers.

The business model of Verishop

Verishop actually buys the inventory directly from the brands. This step is to prevent having counterfeit goods on the site. Verishop hopes this differentiating factor will help build trust with consumers, too.

Is the big tech too big?

Globally companies like Facebook, Amazon, Alphabet etc. are ruling the world. It takes much audacity to come up with a business that has to compete largely with Amazon itself. However, Khan doesn’t feel that the big tech is too absolute. And with proper differentiation of their services, they can have a sustainable business.

“I think our vision is to be the best home for brands,” Khan said in an interview ahead of the launch of Verishop.

“Whenever the consumer is looking for branded products, we want to be their first destination. There is massive growth of direct-to-consumer brands.”

Verishop has launched with around 150 brands. Those include apparel makers Levi’s, AllSaints, DVF and Citizens of Humanity; home-goods retailer Boll & Branch; make-up company Lily Lolo and skin-care line Kora Organics.

An offer too good

Verishop offers free, two-day shipping with no minimum purchase, free returns and a 24/7 customer-service portal on the web. That means you can buy anything even worth 10 Dollars, and still can get free shipping! This new feature is something that most customers had been waiting for.

There are 2 main shopping sections, Tastemakers and Responsible Shop. Between these two, Tastemakers is solely targetted towards influencers. 

In this daunting attempt, let’s hope Imran Khan makes a difference to the world of e-commerce, as he has done in case of Snapchat. A reminder for the readers, this is the same Imran Khan whose BTV debate went viral on Facebook this year!

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This week in Tech 2: No sequel joke

Welcome again to tech roundup/highlights/whatever you would like to call it. We might make this a weekly thing, but we’re not sure if we can top week 1. Or if we want to top week 1.

Disclaimer: If there’s something interesting in technology happening outside Bangladesh and we haven’t covered it yet, we might do so in this segment. We left off last week on the note of decommissions. The Government sanctioned decommissioning of almost 3 million SIMs. The first storm of the season took it upon itself to decommission telecommunication and internet services in many areas. How thoughtful.

Oh and also people fought over Facebook reacts. That last one doesn’t have the same ring to it after the first mention. This week is much more sober and cheerful in comparison. Let’s take a look.

Rajshahi E-commerce Fair attracts youngsters

The daylong E-commerce and post fair took place on April 6th at Lakshmipur general post office auditorium in Rajshahi. The central discussion was about the convenience of using the E-commerce platform to launch startups with minimum capital. Many investors, entrepreneurs and visitors attended the fair. The 4th industrial revolution and the concept of businesses shifting to online platforms were also topics of discussion.

The most eye-catching aspect of the fair was the majority of the attendees being young people. This signals the growing situational awareness in Bangladeshi youngsters regarding startups and moneymaking strategies.

The most eye-catching aspect of the fair was the majority of the attendees being young people. This signals the growing situational awareness in Bangladeshi youngsters regarding startups and moneymaking strategies.


Repto is going to Silicon Valley

Education platform Repto has won the “eGeneration Presents Startup World Cup 2019, Bangladesh” competition. They will now be proceeding to the final round in Silicon Valley. The event was arranged by Fenox Venture Capital and eGeneration Ltd in Bangladesh for the first time. The competition awards the best regional tech-based startup the opportunity to present at the final round. The ten finalists presented their startup ideas at RTV Bengal Studios, where Repto won the opportunity to take their case all the way to Silicon Valley and win a million dollars.

From the initial 86 applicants, 10 were selected, all of whom Repto outlasted to win. 39 regional champions along with Repto will present in the final round. It will take place on 17th May.


“Say no to Fortnite”- Prince Harry

Well Hallelujah.

The Duke of Sussex has a problem with the popular battle royal game. In his speech at West London Young Men’s Christian Association, Prince Harry likened Fortnite addiction to alcohol and drug addiction. He stated that the game is designed to inspire addiction in players, and that parents should strive to familiarize their children to the world outside the internet.

Relevant information in this regard is similar battle royal game PUBG being banned for children under 13 years of age in China. Recently India has also banned PUBG for primary school students.

Bottom line is important people have an opinion of such games that isn’t favorable. It might have something to do with the problem known as “Kids these days” syndrome. But there is a very real aspect to the complaints.

Don’t look at us, we hate the game because it’s bad. If you want to play it go knock yourself out.

Oh wait, someone else already did.

That’s all for this week. Goodbye.