Global e-commerce giant Alibaba has bought HungryNaki, a local Bangladeshi food delivery company at around Tk8 crore, to strengthen its footprint in Bangladesh. Established in 2013, HungryNaki is the first on-demand food delivery company in Bangladesh HungryNaki is serving more than 500,000 customers across Dhaka, Chattogram, Sylhet, Cox’s Bazar, and Narayanganj through its network of over 4,000 restaurants in these cities and towns. The company has around 500 drivers and 100 staff. General secretary of the e-Commerce Association of Bangladesh, Muhammad Abdul Wahed Tomal said, “This will be a positive move, “HungryNaki will get bigger.” Bangladesh’s food delivery market has attracted international interest before. Berlin-based Foodpanda launched in the country soon after HungryNaki. More recently, Singapore-based Golden Gate Ventures led a $15 million round for rival delivery service Shohoz. Industry insiders said now the country is witnessing a boom of different types of e-commerce services and global companies are showing utmost interest to invest in the Bangladesh market. Alibaba started investing in Bangladesh by acquiring the largest online shopping company Daraz in 2018. At the same year, “Alipay”, the Chinese mobile payment giant owned by Alibaba Group, bought 20 percent stakes in Bangladesh’s largest mobile financial services provider “bKash Limited”. Alibaba, the Chinese multinational technology company that works in e-commerce, retail, internet, and technology, was founded in 1999. It is one of the top 10 most valuable corporations and is named the 31st-largest public company in the world on the Forbes Global 2020 list. In December 2020, the Chinese authorities launched an investigation into the alleged monopolistic practices of Alibaba Group. 

Hult Prize is the biggest Global Accelerator program where students can come up with innovative ideas to change the world.

Do you think you are a change maker?

Have you got what it takes to be a changemaker?

Do you Have the ideas to move forward and bring change to society?

Bang on….Hult Prize is giving you the great oppurtunity to showcase your idea and shine.

Now, the competition is coming towards East West campus, Your university.

This year, 2021 with the theme “Food For Good: Transforming food into a vehicle for change” where you are asked to build viable food enterprises that will create jobs, stimulate economies, reimagine supply chains, and improve outcomes for 10,000,000 people by 2030.

This is going to be a great opportunity for students of East West university to shoot their shot at the Hult prize competition.

And be the one to win $1 million.

Dreaming about becoming a millionaire. Your Dream may come true.

Challenge Link:

https://drive.google.com/…/1MW9QqoJhh…/view…

 Prepare your team of 3 or 4 current students and

Register your team here: 

http:http://www.hultprizeat.com/www.hultprizeat.com/ewu

Of course, Registration is FREE!

Work on your idea to make a social business plan to create an impact on the society.

Submission Guideline:

1. Prepare a 500word abstract of your idea
2. Your abstract may contain image, chart etc. and there are no page limits.
3. Add a cover page with your team information. Team Name, Member’s Name, Student ID, Mail and Contact No.
4. Mail a pdf of your solution to : hultprizeatewubd@gmail.com

Registration Deadline: 11.59 pm, 14th December

Submission Deadline:  11.59 pm, 15th December

The Hult Prize is a start-up accelerator for budding young social entrepreneurs emerging from the world’s universities. Named as one of the top five ideas changing the world by President Bill Clinton and TIME Magazine, the annual competition for the Hult Prize aims to identify and launch the most compelling social business ideas—start-up enterprises that tackle grave issues faced by billions of people. Winners receive USD 1 million in seed capital, as well as mentorship and advice from the international business community.

The Hult Prize is offered in partnership with Former US President Bill Clinton and the Clinton Global Initiative. It is hosted and supported by Hult International Business School. And it is generously funded by Swedish entrepreneur Bertil Hult and his family.

So, the students of East West University have a chance, make your team, join this great opportunity and make sure you learn something from this competition. You can see other participants with dreams of achieving something and in future your experience surely will inspire you.