SILQ Group, formed through the merger of Bangladesh’s ShopUp and Saudi Arabia’s Sary marketplaces, has raised $110 million to become the largest B2B commerce platform across the Gulf and South Asia. Backed by major investors Sanabil Investments, Valar Ventures, and Tiger Global, SILQ integrates e-commerce, logistics, and embedded finance to serve over 600,000 businesses and facilitate $5 billion in transactions. SILQ’s full-stack approach challenges traditional U.S. B2B platforms with deeper fintech integration and the targeting of emerging markets with limited financial infrastructure.
SILQ Group Raises $110 Million to Disrupt Global B2B E-commerce
