SILQ

ActiveBorn in Bangladesh, based elsewhere

Retail marketplace and embedded finance · Bangladesh

Operates B2B commerce platforms in Saudi Arabia and Bangladesh that let small retailers and restaurants order goods from suppliers, with logistics, point-of-sale tools and embedded financing.

B2B commerce›retail marketplace and embedded finance silq.co

HQFounded in Dhaka as ShopUp; merged with Saudi Arabia’s Sary in 2025 into SILQ, run from the Gulf

Last roundMerger round · Apr 2025

Country of originBangladeshBorn here, based elsewhere

BasedFounded in Dhaka as ShopUp; merged with Saudi Arabia’s Sary in 2025 into SILQ, run from the Gulf

Born in Bangladesh, based elsewhere

SILQ is listed by the Bangladesh ranking as a company founded by Bangladesh-linked founders but headquartered abroad: it is not ranked in Bangladesh. Founded in Dhaka as ShopUp; merged with Saudi Arabia’s Sary in 2025 into SILQ, run from the Gulf.

Funding history

Date	Round	Amount	Type	Investors
Apr 2025	Merger round	USD 110M	Equity	Sanabil Investments, Valar Ventures

Equity and debt split not disclosed.

Rounds as cited by Uback’s rankings. Equity, debt and grants are shown separately; only equity rounds count towards the valuation anchor.

Uback rankings

How the AI ranks →

Ranking	Tier	Rank	Edition	Next update
Bangladesh · all sectors	Born here, based elsewhere	—	Edition 0 · October 2026	24 Nov 2026
General marketplaces · worldwide	Radar	—	Edition 0 · Oct 2026	7 Jan 2027

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Back SILQ whether or not it has agreed: your intention joins the pool on SILQ, passed to the Fundraising Desk of its country once it reaches critical mass. Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale.

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What the AI reads

Read by the AI at the next edition.

Comparable companies in Bangladesh

Full Bangladesh ranking →

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Last updated: Oct 2026Report an error

Uback is a content publisher and an aggregator of non-binding expressions of interest. It provides no investment advice, receives no mandate and takes part in no transaction. Rankings, ranges and brackets are editorial estimates produced by AI, purely indicative.