With the increasing rate of e-commerce sites life has become easy. Daraz.pk and Kamyu are considered to be the leading sites in the e-commerce industry.

Recently, German investor company Rocket Internet announces the merger of Kaymu and Daraz. The two e-commerce giants have merged their services and became a larger site for the people.

Daraz Groups announced today that the new combined site will be – www.daraz.pk- and both the sites will be doing business under one name and one leadership.

Bjarke Mikkelsen who is the CEO of Daraz Group, said,

“The Daraz we see today is the best of the two businesses that came together mid last year and we owe a big part of our success to the people and learning coming from Kaymu. Thousands of high quality Kaymu sellers are now selling on Daraz and most of them are already doing significantly more business now than they ever did on Kaymu.”

According to Daraz,

“We will continue to work relentlessly to raise the standards of eCommerce service solutions by ensuring that millions of Pakistanis benefit from 100% purchase protection, with fast-growing assortment of original, genuine products, safe and secure payment options, and free and easy returns.”

The merge has come as great news for the people who buy online. The two sites provided the best goodies and now after they have merged it is a greater platform and thus would benefit the customers more.

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Is it the end to Carmudi, a vehicle buying and selling service by German incubator Rocket Internet, is in hot waters in Pakistan?

Yes you are reading it right! According to the sources due to massive resignations from the communications department the end of Carmudi services is near.  Also it is reported that the Managing Director of Carmudi has resigned too.

So the reports are high in business hubs that the startup might altogether end its service in the country.

A secret source has revealed that their Managing Director for Pakistan Raja Murad Khan has resigned too. Ever since resignation of Murad there has been no other replacement has been hired.

The startup has also cut off ties with external partners in Pakistan. And that’s why everyone is looking towards the head office in Berlin who is controlling all the actions and services.

The closure of Carmudi will not only effect the business of startup company but also the employees who are  working in Carmudi offices since long and their income is totally dependent on their job they are afraid of losing their job and income that might cause unemployment.

The sources have also said that Carmudi was doing good business but was not enjoying the full profit or benefit. When a company suffers lose it usually shuts down but we are not sure how the reliable sources are? It would be revealed when they make any official announcement and give reason for the closure of the company.

Whatever it is, it’s surely not good and we are not in its favor. Hope for good.

The post Is it the end to Rocket Internet’s Carmudi In Pakistan appeared first on Techlist.