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November 02, 2021 https://bhcl.itconnect.gov.bd |
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Bangladesh dubbed the "jewel of Asia Pacific," is booming the continent's startup business. It rose to prominence after Bangladesh's largest B2B eCommerce, Shopup, received a $75 million investment, making it the most prominent series B round in Southeast Asia. Many important factors like the enormous domestic markets, high profitability, demographic dividend, and attractive incentive policies fuel the premier investment destinations across the globe. It can also be observed in the recent investment track record as over the past eight months, Bangladeshi startups have raised funds of $125.7 million, which is 30% of the $419 million – raised since 2010. |
36 Bangladeshi Startups raised $120 Million in Investment in 2021 till Q3, 300% higher than the entire 2020 |
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Most of the funding is by foreign investors and it demonstrates the strength and potentials of the Bangladeshi young tech-based firms which have ideas and ways to solve broader social and economic problems through scaling up their business, according to Shawkat Hossain, general secretary of the Venture Capital and Private Equity Association of Bangladesh. |
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Shikho, an edtech startup focused on Bangladesh’s students, gets $1.3M seed
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Incentives for Investment
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