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  • The and The: Fast Curious

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    Durjoy Roy
    18 views21 pages
    The document summarizes Evaly's business model. It outlines that Evaly was founded in 2018 with 50,000 taka in capital and grew rapidly, reaching 4 million customers and 750 employees by late 2020. However, bank accounts of the managing director and chairman were frozen in September 2020 due to suspicions of money laundering. The document also notes some problems Evaly faced like slow delivery and weak customer support. It presents the business model of operating on credit with low inventory costs and concludes by recommending improvements to delivery, customer support, and transparency.

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    Original Title

    Evaly Bangladesh Studies Copy

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    The document summarizes Evaly's business model. It outlines that Evaly was founded in 2018 with 50,000 taka in capital and grew rapidly, reaching 4 million customers and 750 employees by late 2020. However, bank accounts of the managing director and chairman were frozen in September 2020 due to suspicions of money laundering. The document also notes some problems Evaly faced like slow delivery and weak customer support. It presents the business model of operating on credit with low inventory costs and concludes by recommending improvements to delivery, customer support, and transparency.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    18 views21 pages

    The and The: Fast Curious

    Uploaded by

    Durjoy Roy
    The document summarizes Evaly's business model. It outlines that Evaly was founded in 2018 with 50,000 taka in capital and grew rapidly, reaching 4 million customers and 750 employees by late 2020. However, bank accounts of the managing director and chairman were frozen in September 2020 due to suspicions of money laundering. The document also notes some problems Evaly faced like slow delivery and weak customer support. It presents the business model of operating on credit with low inventory costs and concludes by recommending improvements to delivery, customer support, and transparency.

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    © All Rights Reserved
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    of 21

    The Fast and The Curious

    Team Member Class ID


    Fairooz Ahmed Ekra 1722
    Ashiqur Rahman Oshin 1726

    Ashfaqur Rahman 1727


    Tawhidul Islam 1728
    Ahsanul Haque Ayon 1729
    Durjoy Roy 1749

    Presenting
    Business model of

    Believe in you
    Ahsanul Haque
    ID: 1729
    Evaly Founders:

    Mohammad Russel Shamima Nasrin


    Managing Chairman
    Director
    Owns 4000 shares
    Owns 1000 Shares
    About Evaly:
    Registered on 14 May 2018

    Started with a paid-up capital of Tk 50,000.


    Authorized capital is Tk 500,000.

    Started business officially in 16th December 2018 with a model


    quite new to Bangladeshi people.

    Lots of billboards, crazy discount offers & late delivery.

    Bank Accounts of MD and Chairman was frozen By Bangladesh


    Bank under suspicion of money laundering in September 2020.
    About Evaly:
    Introduced grocery and eFood

    Almost 4 million Registered customer

    Daily average 3500-4500 orders till October 2020

    Almost 750 employees till October 2020

    Paid 15M cash against 15B in sales till august 2020


    Fairooz Ahmed Eqra
    ID: 1722
    What created a Problem:

    1 Slow delivery process

    2 Insufficient information about offer details

    3 Weak customer helpline service

    4 Unclear and confusing refund system


    Ashfaqur Rahman
    ID: 1727
    Believe in you
    Investment?
    Losing Money?
    Good at MATH
    Big Discount?
    Believe in you

    1 On Credit

    2 Inventory Cost is almost zero


    Loss Leading Company?
    Believe in you

    Investment From Abroad

    Balance Between Customer Money


    Durjoy Roy
    ID: 1749
    Conclusion:

    PROSPECTS LACKINGS

    Customer Support
    Continued Service
    System

    Affordable Prices
    Transparency in
    Business Dealings
    New job creation

    Contribution in Economy
    Recommendation:

    Efficiency in Delivery System

    Develop a better and more informative website

    Improvement in Customer Support Helpline

    Increase Customer Satisfaction


    Thank you

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