Tag: daraz

  • 11.11 sales you wouldn’t want to miss

    The end-of-the-year sales, popularly known as 11.11 sales, are about to commence, with outlets and brands offering high-end products at cheaper prices.

    Here, we will share with you some of the best deals being offered by the biggest names in the retail business:

    Daraz 11. 11

    Daraz is offering discounts on various products, from electronic devices to beauty products. There are products of daily use, mobile phones, fashion, health, home appliances, and various accessories at cheaper prices.
    The discounts they claim to offer are of a combined total of one billion rupees as the tagline says, “1 Arab k discounts”. There are no delivery charges and mega deals are available, offering up to 75 percent off.

    The sale will start on November 11 and will last till November 21.

    AliExpress 11.11

    AliExpress is also hosting a grand sale on all the products on its app and website with a discount of up to 50 percent. It is also offering Rs. 1,140 off every Rs.5,702 worth of shopping.
    Products include cosmetics, gadgets, and everything in between, with more than 80 percent discounts on bestselling products.

    With a warm-up on November 8, the sale will officially begin on November 11 and will last for the next seven days.

    Laam.pk Mega deals11.11

    Laam.pk has announced huge sales on all the high-end luxurious brands on its website. It is offering discounts ranging from 30 percent to more than 70 percent on all its collections. There are discounts available on bags, jewelry, and footwear as well. It’s a golden opportunity for all those preparing for the shadi season ahead.
    The sale will be live from November 8 to 12.

    Edenrobe 40 percent sales

    Edenrobe, a high street clothing brand, is offering an alluring 40 percent discount on its winter products and an end-of-the-season sale on summer products. The brand has an affordable range for students and those with lower budgets.
    The offer is available both in stores and online.

    Gul Ahmed Ideas 11.11

    Gul Ahmed Ideas 11.11 Sale is offering discounts on men’s, children’s, and women’s collections from unstitched to pret. There are 40-50 percent discounts available on all the collections including bedsheets, bathrobes, and footwear as well.

    One.pk 11.11

    One.pk is a brand to look out for. The glam brand is offering 30-50 percent discounts on men, women and kids’ wear. The products are all chic, high-quality winter wardrobes of both luxurious and street fashion. Shoes, denim, shirts, shorts, and trousers are calling all the western wear lovers.

    Heels 11.11 Blockbuster Sales

    Heels are offering excellent discounts on classical winter footwear while there is a flat 50 percent off for a number of products including heels, flats, shoes, and sandals.
    However, from November 8-12, there is 23 percent off on the entire stock.

    Diners 11.11

    Known for comfy clothes for men, women, and kids, Diners.pk is also offering a flat 25 percent off on all products. The products, western and traditional, are available in all sizes while children’s items are at a 50 percent discount.

  • Daraz Group to reduce 11% workforce in response to challenging market conditions

    Daraz Group to reduce 11% workforce in response to challenging market conditions

    Daraz Group, an e-commerce subsidiary of Alibaba Group, will be reducing its workforce by 11 per cent in response to the challenging market conditions.

    The CEO, Bjarke Mikkelsen, noted the adverse impact of a war in Europe, significant supply chain disruptions, rising inflation, heightened taxes, and the elimination of crucial government subsidies on the company’s operations, which are in Pakistan, Bangladesh, Sri Lanka, and Nepal.

    Daraz, which was founded in Pakistan in 2012 and acquired by Alibaba in 2018, is the largest e-commerce platform in Pakistan and serves over 100,000 SMEs in the country.

    According to Ehsan Saya, Managing Director of Daraz in the country, Pakistan remains the company’s largest market with the largest number of employees across its markets.

    He adds, “almost one-third of the staff in Pakistan is from regional teams which work with teams in Bangladesh, Nepal, Sri Lanka, Myanmar, Singapore, and China.”

    Ehsan Saya confirmed to Reuters that the 11 per cent reduction in the workforce of Daraz Group will also result in an equivalent cut in its workforce in Pakistan. The group did not provide further details regarding the specific number of employees affected and further details on the restructuring.

    In a letter, CEO Bjarke Mikkelsen stated that Daraz has been able to grow its active shopper base from three million in 2018 to over 15 million currently, with an average order growth of nearly 100 per cent until last year. The company reported having access to 500 million customers in 2021 and a workforce of 10,000 employees. In the past two years, Daraz has invested $100 million in Pakistan and Bangladesh.

  • Easiest way to sign up and sell products on Daraz

    Easiest way to sign up and sell products on Daraz

    Many small to large businesses are now listed on Daraz and are generating great earnings.

    There is no doubt that online enterprises will play a significant role in Pakistan’s future as the globe continues to move toward a digital economy.

    You can now experience what it’s like to work with the world’s top online commerce technology and logistics company, thanks to Daraz’s acquisition by the Alibaba Group, which makes it simple to grow your business from the comfort of your home.

    Surprisingly, joining Pakistan’s largest online marketplace is not that difficult.

    All small to medium-sized businesses can open stores on Daraz with dedicated one-on-one support, where sellers can get free business advice any time of day or night! Additionally, merchants will have free analytics tools at their disposal to aid in the optimization of their online business.

    On its official website, Daraz claims to have initiatives that reduce financial burdens by offering 0% commission. From May 1 through June 30, all newly registered and existing vendors are exempt from paying commission fees. Additionally, sellers can enjoy free pick-up and storage, promotional credits, and discounted packaging.

    Daraz offers express sign-ups for all new sellers, enabling you to launch your venture and begin selling on the platform in less than two days.

    How to sign-up

    Simply pick up your phone and text “Daraz” space “Name” to 7575 to get started, or you can also sign up as a vendor on the platform’s seller sign-up page.

    If you’re just getting started with your online business, Daraz also provides free training and instruction for online sellers through webinars offered by Daraz.

    According to its website, Daraz is the largest virtual marketplace in South Asia, with more than 20 million products listed in more than 100 categories on both its website and mobile application. The marketplace aims to empower and enable tens of thousands of sellers to interact with millions of customers in this cutting-edge technological era.

  • This Apple Watch Series 7 clone costs less than Rs2,000

    This Apple Watch Series 7 clone costs less than Rs2,000

    On Pakistani online marketplaces, there are a number of replicas that are so similar to the original product that a layperson would have a hard time telling the difference.

    Apple Watch clone smartwatches, which are significantly less expensive than the original Apple Watch, are one of the most popular products in online marketplaces like OLX and Daraz.

    Here is the cheapest Apple Watch Series 7 copy version currently available on Daraz with a price tag of just Rs1,899:

    The seller claims that the ‘I7Pro Max IWO13 PRO’ is an IP67-resistant watch with a heart-rate monitoring system and 1.8-inch ‘HD’ screen. It is currently one of the cheapest Apple Series 7 clone smartwatch available in Pakistan.

    These smartwatches come in a variety of model numbers and brand names, and most of them are made in China.

    Lower grade replicas are more affordable ones. Smartwatches costing more than Rs5,000 can be thought of as slightly superior to ones costing less than Rs4,000.

    Read more: Cheapest new cars to buy in Pakistan

    The most intriguing thing is that despite many online shoppers knowing that these affordable watches don’t offer good quality or features, they continue to purchase them since the original Apple Watch Series 7 has a starting price of Rs90,000, which is significantly higher than what an average consumer can afford.

  • Pakistani startup Dastgyr raises $37 million in series A round

    Pakistani startup Dastgyr raises $37 million in series A round

    Dastgyr Technologies Pvt. has raised $37 million in Pakistan’s largest-ever Series A round. The company seeks to build an e-commerce platform for emerging economies comparable to Alibaba Group Holding Ltd.

    The funding was spearheaded by Veon Ltd.’s venture arm, which put up about 40 per cent of the money. Zinal Growth Fund, DEG, Khwarizmi Ventures, Oman Technology Fund, Cedar Mundi Ventures, Reflect Ventures, Century Oak Capital, Haitou Global, GoingVC, Astir Ventures, K3 Ventures, Chandaria Capital, SOSV, Edgebrook Partners, and EquiTie were among the others who contributed, according to Bloomberg.

    Veon’s evolution outside traditional telecom services continues with this round. In Pakistan, it has asked for a licence to operate as a digital bank.

    Pakistan’s economy is mostly centred on cash, but innovators are working to change that. Dastgyr is a one-stop platform that connects retailers like grocery stores with different suppliers including Nestle SA and Reckitt Benckiser Group Plc. Currently, most conventional retailers meet 100 vendors per week or physically peruse different markets to stock their shelves.

    Veon Ventures’ Chief Executive, Mohammad Khairil Abdullah, said, “As part of Veon’s transformation into a digital operator that delivers a growing range of services to our customers we are investing in leading digital companies like Dastgyr in the countries where we operate. These investments are the building blocks of the digital ecosystem that will enable us to deliver on our strategy”.

    “Pakistan’s start-up ecosystem is at a critical juncture and only startups focused on addressing key challenges and adopting localized solutions will survive and thrive,” added Aamir Ibrahim, CEO of Jazz.

    “This investment highlights VEON’s commitment to scaling up Pakistan’s digital economy and provides Dastgyr with a platform to build synergies with Jazz’s subscriber base of around 75 million and with JazzCash, further integrating the startup into Pakistan’s fintech ecosystem”.

    Zohaib Ali, a co-founder of Dastgyr, stated that the company is dedicated to “working persistently toward our ambition of developing an Alibaba for emerging countries worldwide.”

    Another co-founder, Muhammad Owais, stated that the company aspires to become a unicorn in the next years. He stated that the company is now growing into new business-to-business areas such as cement, steel, and other construction materials, as well as looking into the electronics, pharmaceutical, and other retail industries.

    Dastgyr, which has been in use for less than two years, is used by roughly 100,000 stores in five cities. It attempts to save money by connecting buyers and sellers through a digital platform instead of purchasing and storing everything in physical warehouses.

    Within this year, it plans to expand into 15 additional markets in Pakistan and expand internationally.

  • Faulty product costs online retailer heavy fine

    Faulty product costs online retailer heavy fine

    A consumer court imposed heavy fines on prominent online retailer Daraz.pk for providing a faulty product to a customer.

    According to reports, consumer court judge Mukesh Kumar Talreja directed Daraz.pk to pay Rs50,000 to the claimant in compensation and also pay a fine of Rs15,000 to the government treasury account.

    The court also directed the online retailer to change the product or return the amount (Rs7,795) paid by the customer for the product and improve its services and standards as per the expectation of consumers. It further ruled that if the defendant failed to fulfill these orders within one month, he or she will be punished with imprisonment along with a heavier fine.

    The court in its order said it is undderstood that when mental torture, agony and emotional stress was made out then the court has to grant damages as compensation and therefore, the court quantified the general damages for suffering mental agony and emotional distress as Rs50,000.

    Dania Kashif filed a complaint against Daraz.pk via its managing director under Section 26 of the Sindh Consumer Protection Act, 2014. She ordered one Play-Doh DohVinci from the website of Rs7,795 which was delivered in a sealed parcel in November, but the product was dry and in bad condition and the price mentioned on the box was Rs6,730 instead of Rs7,795. The plaintiff felt severe stress and agony because of the faulty order. Before approaching the court, she had filed a complaint through the website’s helpline, but they did not entertain it.

    The defendant party denied the allegations and argued that the claim was filed beyond the legal period of 30 days and the complainant ordered the product by agreeing to terms and conditions of the website which read that the defendant was not a party to the contract with either the seller or any other third party. However, the court did not rule in their favour and slapped them with a fine.