About ShopUp

Shopup its legal name is Shopfront limited and also known as shopfront social
limited.
ShopUp is Bangladesh’s leading B2B platform for small
businesses/SME. ShopUp provides a full-stack solution offering
easy access to B2B supply/sourcing, distribution/logistics, digital
credit & online business management solutions for small
businesses entrepreneurs in Bangladesh.
It provides Product sourcing, marketing, delivery, online order
management and eloan- all from one platform for all small
businesses entrepreneurs.
I also found that More than 500,000 small businesses are working
with ShopUp and supported over 60,000 entrepreneurs to grow
their businesses.
ShopUp has received the “Best Startup of the year” Award from the honorable prime
minister of Bangladesh at the 3rd Digital Bangladesh Day Award – 2019.

Flatform facility:
1. Free website
2. Trusted delivery partner
3. Sourcing products
4. Content and promotion
5. Working capital management
Providing services of Shop Up to their entrepreneurs

1. Shop Management - Under this providing Organized Catalog,

Inventory Management, Automated Invoice, Updated order
list automatically
2. Promotion and boosting – under this way providing
Immediate add placement, High transparency services
3. Delivery service- through REDX ShopUp provides delivery
services throughout the country
4. Reseller
5. eloan – Another great service of Shop up to provide eloan for
small business entrepreneur. It provides at least 25k to
maximum 3 Lac taka loan to their entrepreneur based on their
present sales and loan provide for maximum time period 9 to
12 months.

B2B ecommerce or Business to Business

B2B e-commerce, short for business-to-business electronic
commerce, is the sale of goods or services between
businesses or company via an online sales portal.
Example- pricekoto.com, Sindabad.com
E-commerce business
Electronic commerce or e-commerce (sometimes written as
eCommerce) is a business model that lets firms and
individuals buy and sell things over the internet. E-commerce
operates in all four of the following major market segments:

• Business to business
• Business to consumer
• Consumer to consumer
• Consumer to business

Business to Consumer (B2C)

The term business-to-consumer (B2C) refers to the process
of selling products and services directly between a business
and consumers who are the end-users of its products or
services
Consumer to Consumer (C2C)
Customer to customer (C2C) is a business model whereby
customers can trade with each other, typically in an online
environment
Consumer to consumer markets provide an innovative way to
allow customers to interact with each other. Example - ebay

Consumer to Business (C2b)

Consumer-to-business is a business model in which
consumers create value and businesses consume that value.
For example, when a consumer writes reviews or when a
consumer gives a useful idea for new product development
then that consumer is creating value for the business if the
business adopts the input

Revenue Standard (IFRS 15)

The core principle of the revenue recognition standard is that
an entity should recognize revenue to the transfer of goods or
services to customers in an amount that reflects the
consideration to which the entity expects to be entitled in
exchange for those goods or services.

To recognise revenue under IFRS 15, an entity applies the

following five steps:
1. identify the contract(s) with a customer
2. identify the performance obligations in the contract.
Performance obligations are promises in a contract to
transfer to a customer goods or services that are distinct
3. determine the transaction price. The transaction price is the
amount of consideration to which an entity expects to be
entitled in exchange for transferring promised goods or
services to a customer
4. allocate the transaction price to each performance
obligation on the basis of the relative stand-alone selling
prices of each distinct good or service promised in the
contract
5. recognise revenue when a performance obligation is
satisfied by transferring a promised good or service to a
customer. A performance obligation may be satisfied at a
point in time (typically for promises to transfer goods to a
customer) or over time (typically for promises to transfer
services to a customer)