Bamilo was an
E-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...
marketplace
A marketplace or market place is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a '' souk'' (from the Arabic), ' ...
start-up
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...
in
Iran
Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...
It was founded by Ramtin Monazahian, a German-Iranian with degrees in business and economics and previous work experience in consulting and investment banking companies.
Bamilo was the first and largest venture of the Iran Internet Group (IIG), backed by
MTN Group
MTN Group Limited, formerly M-Cell, is a South African multinational mobile telecommunications company, operating in many African and Asian countries. Its head office is in Johannesburg. , MTN recorded 280 million subscribers, making it the ...
. Other IIG ventures include
Snapp
Snapp is a village (nowadays more like a farm), in Jörns socken, Skellefteå Municipality, Västerbotten County, Sweden.
The village got its name in the 19th century when a geographical surveyor played with the childish rhyme '' Snipp, snapp, s ...
, Snappfood, Snapptrip, and Zoodroom.
Bamilo localized
Black Friday as "Harajome", and set up the country's largest online shopping campaign, challenging the monopoly that was prevalent before its market entry.
See also
*
Technology start-ups in Iran
Iran's telecommunications industry is almost entirely state-owned, dominated by the Telecommunication Company of Iran (TCI). Fixed-line penetration in 2004 was relatively well-developed by regional standards, standing at 22 lines per 100 people, ...
References
{{Reflist
Online marketplaces of Iran