Chaldal is one of the largest online grocery businesses in Bangladesh. It operates as a micro-warehouse-led on-demand delivery model, that helps urbanites to have their groceries and basic necessities delivered to their doorstep.
In this project, a participating investor through biniyog.io will be passively earning through the massive Chaldal network, by increasing their inventory with investment. Four categories of products have been selected for this project, namely – commodity, baby care products, imported food products and imported non-food products.
biniyog.io has analyzed past inventory and sales data of Chaldal to estimate the demand of these products. The top selling products have been given priority while selecting the products to be purchased for trading in this project. Evaluating transactions and other post-investment monitoring (e.g. revenue generation, inventory management, disaster management, any dispute, etc.) will be handled by biniyog.io on behalf of the investors. The project will be kept separate from Chaldal’s own business through a separate bank account that biniyog.io will have access to, and meticulously tracked products that will be owned by investors and audited by biniyog.io.
As part of ethical responsibility and solidarity with the ongoing crisis in Gaza, biniyog.io has decided to leave out products from certain companies, namely The Coca-Cola Company, PepsiCo Inc., Unilever and Nestle.
Reference: Future Startup
Office Address: House: 06, R: 09, Block: G, Banani, Dhaka.
Explore: Facebook | LinkedIn | Website
💡 Is the business Shariah-compliant?
The business model (Buying and Selling of grocery and FMCG products) is Shariah-compliant. biniyog.io has excluded products and manufacturers that are questionable and may raise ethical or Shariah issues.
Investors will be going into a Mudarabah contract (profit-sharing contract). Please find contract details in the “Contract” section below.
💡 Is there any investment risk involved?
Investments have risks by definition, especially if they are halal. Please find possible risk details for this campaign in the “Risk” section below.