Bangladesh e-commerce Evaly enters travel industry with acquisition of 'Flight Expert'

Published 29 May,2021 via The Financial Express - E-commerce platform Evaly is set to enter the business of the travel industry. They have acquired Flight Expert- the market leader in the industry of Bangladeshi travel agencies.

Flight Expert is conducting operations all over the world. The company has more than 50 employees in its Dhaka and Chittagong office. It has more than 500 airlines and more than 900,000 hotels and resorts in the domestic and international markets.

Though it couldn't be verified how much Evaly invested in Flight Expert, sources said it was valued at more than $5.0 million by third party valuation process.

Arif R Hossain, Chief Marketing Officer (CMO) of Evaly said, even if Flight Expert is fully acquired by Evaly, the company will operate independently.

The previous board of directors will still be in the current board of Flight Experts, and the scopes will be further increased by hiring more manpower.

Evaly officially started its journey on December 16, 2018. In these two years, more than 5.0 million consumers and more than 20,000 large, small and medium entrepreneurs have joined this platform, as per a press release.

Besides, Evaly is coming up with various new initiatives in the online business sector. After E-food, they are moving forward with E-jobs and E-health.

Asia One Magazine honoured Evaly as the fastest growing organisation in Bangladesh in 2020. The E-commerce merchants' organisation E-CAB has adorned Evaly with the E-commerce Movers award for its outstanding contribution during the COVID period.

In addition, this local E-commerce company has received the award for the best E-commerce in the country from E-CAB.

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