REDX, an initiative of Bangladeshi startup company ShopUp, has recently organized an award-giving ceremony for the first time in the history of Bangladesh to honor frontline heroes-their riders. Although this logistics firm started its journey just before the Covid-19 lockdown, its cargo delivery services are recognized as the best logistics company by the Bangladesh-India Business Council for providing the best services during the pandemic.
The awards ceremony was held on January 2, 2022, at the New Celebrity Convention Center in Dhanmondi, 5 riders and 38 hub officers were honored with bikes, prize money, smartphones, and Apple Watch.
REDX has become the number one logistics company in the country servicing more than half of all the 3PL parcel deliveries in Bangladesh. In a short period, it has also become the largest transport provider in Bangladesh by mobilizing its iconic red trucks to even the remotest areas. Currently, it is operating in all the 64 districts with 250+ delivery points in 493 Upazilas.
ShopUp, the parent company of REDX has raised a total investment of USD 110 million, which is the highest foreign investment received by a start-up in the country’s history. Most recently, ShopUp received a USD 75 million ‘Series B’ investment, the largest for a B2B commerce platform in South Asia.