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Mohammad Russell, the company’s managing director and chief executive, said Evali is conducting business in accordance with the instructions and the country’s common law. He said this while exchanging views with journalists on Thursday.
The CEO of Evali said that journalists are the mirror of the nation. You are contributing to the economy of this country by spreading the general progress of the country and business-friendly news. He also pointed out the country’s internal problems and tried to correct them and also tried to present its economy in the world court by making news of the progress. We, as a business organization, want to be by your side and we are by your side. I will not say that I know everything and that we have nothing wrong. However, I do business in accordance with the laws and instructions in force in the country. And I will comply with any laws or directives in the future based on your advice.
Our Prime Minister dreamed of building a digital Bangladesh in 2008. We now fully understand the meaning of this dream. If we look at the developed countries of the world, we can understand how useful technology is playing in their development. Trade is a great wheel of the economy. Today, e-commerce is one of the most important branches of business in the United States, China and India. Billions of rupees are being invested in e-commerce. This eCommerce is actually an innovation business model. We also have great potential for e-commerce investment. Investors mainly depend on market availability. Some may have temporarily misinterpreted it to make some changes to the business model to prepare for this market. This explanation cannot be given to us alone. Your cooperation is much needed here.
In the dire situation of Corona, we have delivered our daily necessities to people’s doorsteps through more than two thousand Avali Express grocery stores and more than 650 pharmacies in the district, upazila, thana, at the union level in 1- 36 hours and 5000 assessment delivery heroes in 1 hour in Dhaka. . Through this, we have encouraged the common man to stay home while at the same time doing our best to keep the income stream of more than 2,650 vendors active during the time of disaster. We have also expanded our range of services by adding several well-known superstores to our platform. Now the most sensitive part of Evali’s business model is the meeting of consumers and buyers here. Our study says that the companies that have been able to meet in this place have succeeded and those that have not failed. This meeting was not easy. This is being done by keeping buyers and sellers happy and developing our processes. Some changes / innovations are being made to our business model to bring these buyers and sellers together. Perhaps many people in this place have assumed that we will continue in the same way our entire lives.
We certainly had a business objective here. We give the maximum discount to the buyer with the maximum commission from the seller / manufacturer. We have adopted some strategies to compensate the loss of some products with other products. It is a business model. You will see that the service may not be 100% accurate if the number of buyers and sellers is high. But we didn’t stop, our staff is now 500 instead of 5.
We have 15,000 registered delivery heroes and around 4,000 people working on a regular basis. We will have 2,000 employees this year and 200,000 in the next 5 years. We continue to communicate with foreign investors. The value of our group in the conservative way is at least 500 million rupees or more than 4 billion rupees if we calculate the way the valuation is carried out. Although it is our internal method that is calculated in the standard way. Yes, we must admit that there may be some complaints about delivery and service due to systemic limitations. But look, so far we have delivered products worth over Rs 1,500 crore. Our average product delivery time is now less than 7 days. Maybe to show the complaints, you may think that we are not providing good service or that we are not paying the seller. Today we have 20,000 small vendors and 2,000 corporate vendors directly connected to us. There are multinational corporations in the same way that there are well-known national sellers.
I humbly ask that the purpose of this Evali Jumna is to benefit both the consumer and the seller through a direct combination of buyer and seller. Therefore, your direct and indirect cooperation is desirable in moving you forward with today’s world.
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