Miguel Cordon · · 1 min readAlibaba-owned Daraz names new managing director for Sri Lanka
Alibaba-owned online marketplace and retailer Daraz has named Rakhil Fernando as managing director of Daraz Sri Lanka, effective June 1, 2019.
He will head the company’s business strategy and overall operations in the country, according to a statement.
Photo credit: Pixabay
Prior to this appointment, Fernando was the innovation director at LumenLab, the Asia-focused innovation arm of insurance firm MetLife. He also served as CEO of Kashmi, a peer-to-peer payments and digital banking platform that operated in Singapore and Sri Lanka.
Set up in 2012, Daraz has its own online marketplace and logistics business that target customers in South Asia. The company, which also operates in Pakistan, Bangladesh, Nepal, and Myanmar, claims to have over 10 million products in more than 100 categories.
After being acquired by Alibaba Group in 2018, Daraz has leveraged the Chinese giant’s experience in ecommerce, fintech, and logistics to spur growth.
Editing by Eileen C. Ang
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