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Bangladeshi Entrepreneurs Scramble To Catch Up To Rising Real Estate Market In 2019

SD Asia Desk January 20, 2019

The property market in Bangladesh may expand by up to 9% in terms of sales of the number of units, which is great news for entrepreneurs looking to infiltrate the industry while it’s on the rise. Property tech, as experts are calling it, is currently an untapped and developing industry that hungry startups can easily find their way into. Untapped potential combined with a

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Mukesh Ambani ready to set foot in India's e-commerce industry

Mukesh Ambani, the richest man in Asia is ready to

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Asia Pacific Expected to Dominate in Overall Dental Hygiene Devices Market

Recently released studies surrounding the dental hygiene devices market show that the

internet

How much Internet has Penetrated Bangladesh?

The internet usage in Bangladesh has been increasing rapidly since

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Motor-Bazar’s start-up journey in Bangladesh

Motor-Bazar is an online car classifieds start-up in Bangladesh. Its

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BIDA plans to launch One Stop Service

Bangladesh Investment Development Authority is in discussion for launching a

News

pexels-photo-417292

Bangladeshi Entrepreneurs Scramble To Catch Up To Rising Real Estate Market In 2019

SD Asia Desk Feature January 20, 2019

The property market in Bangladesh may expand by up to 9% in terms of sales of the number of units, which is great news for entrepreneurs looking to infiltrate the industry while it’s on the rise. Property tech, as experts are calling it, is currently an untapped and developing industry that hungry startups can easily find their way into. Untapped potential combined with a

Read More
img_110693_mukesh_ambani

Mukesh Ambani ready to set foot in India’s e-commerce industry

Elvis Gomes Feature January 20, 2019

Mukesh Ambani, the richest man in Asia is ready to step inside the e-commerce industry of India. With the help of Ai and a vast network of Jio (28 million), Ambani plans to grab a market share in this Duopoly market of Amazon and Flipkart. According to the India Brand Equity Foundation, a subsidiary trust of India’s department of commerce,

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Asia Pacific Expected to Dominate in Overall Dental Hygiene Devices Market

SD Asia Desk Feature January 13, 2019

Recently released studies surrounding the dental hygiene devices market show that the Asia Pacific is slated to become the dominant region for sales and consumption of dental technology. India, due to its rapidly growing population and economic clout, is expected to be the most prominent country in this market, closely followed by China. As both countries have medical tech experts expecting an impressive

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internet

How much Internet has Penetrated Bangladesh?

SD Asia Desk Feature January 13, 2019

The internet usage in Bangladesh has been increasing rapidly since the entrance of internet in Bangladesh since early 1990s. Since 2014, there has been a rapid growth in the number of internet users, which is opening new doors for the nation through a growing e-commerce sector providing freelance opportunities for the young generation of the country. According to Government estimation,

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Motor-Bazar’s start-up journey in Bangladesh

SD Asia Desk Feature January 13, 2019

Motor-Bazar is an online car classifieds start-up in Bangladesh. Its story began with a simple study to test whether people in Bangladesh would want to buy and sell cars online. The start-up founders interviewed several car dealers and buyers and discovered a significant problem in the Bangladesh’s car market. Car buyers would typically show up to second-hand and reconditioned car

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BIDA plans to launch One Stop Service

Elvis Gomes Feature January 8, 2019

Bangladesh Investment Development Authority is in discussion for launching a One Stop Service by the end of January to ease the activities of local and foreign investors. A meeting was held at BIDA office this Sunday with Prime Minister’s Principal Coordinator for SDGs Abul Kalam Azad as chief guest where BIDA Chairman Kazi M Aminul Islam chaired the meeting.

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Imagine Radio – The Bangladeshi startup with most advanced music streaming platform starts its journey

Elvis Gomes Feature December 18, 2018

Imagine Radio, an entertainment media startup rising from Bangladesh focused on music streaming started its journey today from its office located at DevoTech Technology Park, Gulshan, Dhaka. As a startup from Bangladesh, Imagine Radio is aimed at building an advanced digital entertainment ecosystem where Bangladeshi music lovers and Bangladeshi musicians will enjoy the true benefits of the new digital era

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Fintech B-Social raises seed funds

Elvis Gomes Feature December 18, 2018

B-Social, a London fintech that currently offers a “social finance” app and beta debit Mastercard, has raised £3.2 million in seed-round funding from undisclosed high-net-worth individuals. However, the fundraise is just the first step in a journey in which B-Social wants to eventually become a fully licensed bank that reimagines banking around everyday social interactions.

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Chinese pharmacy platform Yaoshibang raises $133 million

Elvis Gomes Feature December 18, 2018

Led by Tiger Global Management, H Capital and DCM, Chinese pharmacy platform Yaoshibang has raised $133 million in Series D funding. It makes the total amount of fund raising by this platform over RMB 1 billion. Yaoshibang mobile app allows users to directly order and receive medicines from anywhere.

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Indian edtech startup Byju raised $540 million

Elvis Gomes Feature December 18, 2018

Byju becomes the 4th most valuable startup in India as it raises $540 million of a gigantic funding round led by Naspers Ltd. The edtech startup was valued at $3.6 billion. The Canada Pension Plan Investment Board and private equity firm General Atlantic also participated in the round. “While near-term profitability is important for us, as a company our main

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Synthace gets $26 million funding from Horizons Ventures

Elvis Gomes Feature December 17, 2018

London-based Synthace Ltd which is a cloud-based platform that helps improve the success rate of biological research, has secured a $25.6-million Series B funding round led by Hong Kong-based Horizons Ventures, the private investment arm of investor Li Ka-shing. Its existing investors, Luminous Ventures, SOSV and others also participated in the round.

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Unemployment

WB provides $250 million credit to Bangladesh

Elvis Gomes Feature December 17, 2018

The World Bank has approved a credit of $250 million with an objective to support Bangladesh to develop a sustainable policy and infrastructure to counter barriers for create more and extra jobs. “This will require the economy to create jobs for the 2.2 million youth entering the labour force each year, while attracting more women into the labour market. This

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mortgage-loans

ADB identifies constraints to housing finance in Bangladesh

Elvis Gomes Feature December 17, 2018

Manila based Asian Development Bank conducted a feasibility study on constraints to housing finance access to low and middle income households in Bangladesh. The report was submitted to the government of Bangladesh. It identified weak legal enforcement in mortgage market, supply-side challenges, inadequate incentives and increasing construction costs as major constraints for lower and middle class to get access to

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Marking 5 Years of Startup Dhaka Part 1

Elvis Gomes Feature December 13, 2018

It has been 5 years since the release of the first ever documentary on Bangladesh’s startup scene, Startup Dhaka Part I. The stories of the local entrepreneurs were shared with rest of the world through a wonderful storytelling by Mustafizur R Khan, Samad Miraly and Fayaz Taher. Since then, startups have hit the mainstream, getting special attention in the country. A

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Funding in India’s deep technology breaks record

Elvis Gomes Feature December 13, 2018

Investment in deep tech of India has risen to its all time best $247.8 million so far this year where in 2017 it was only $96.8 million. The investment amount went up by 2.5 times specially in artificial intelligence (AI), machine learning and robotics based startups. Grey Orange, valued at $500 million, raised the highest amount of funding which is

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ADB expects Asia to grow 6% this year

Elvis Gomes Feature December 13, 2018

Manila based institution, Asian Development Bank released an update of Asian Development Outlook on Wednesday which clearly stated that Asia will grow 6% this year and 5.8% next year. According to the report, China is expected to grow 6.6% and 6.3% in 2018,2019 where India is expected to grow 7.3% and 7.6% in the same period. The reasons for growth

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Local Tech Industry Set to Grow Exponentially

SD Asia Desk Feature December 13, 2018

Bangladesh is well on its way to becoming a global gadget-making hub thanks to a competent workforce that is available at a competitive wage coupled with a rapidly-increasing demand within the domestic market. With a population of 160 million and a GDP growth four times that of the United States it is about time that the international public stands up and takes note of

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Bangladesh – The 3rd highest remittance receiving country in South Asia

Elvis Gomes Feature December 12, 2018

Bangladesh becomes the 3rd highest remittance receiving country in South Asia, 9th in the world. It has seen a 17.9% growth in remittance earning in 2018 where the rate saw declination of 11.5% in 2016. The leader in remittance earning is India ($79.5 million), followed by China ($67 million) and Mexico & Philippines ($34 million). World Bank reports that the

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Edtech startup PlanetSpark backed by FIITJEE

Elvis Gomes Feature December 12, 2018

Education firm FIITJEE provides funds of Rs 1.6 crore ($220k) to Gurgaon based edtech startup PlanetSpark. The funds will be used to increase the number of home based tuition centres upto 750 and scale up to 5 more cities. PlanetSpark partners with qualified homemakers and opens tech-enabled tuition centres from their homes. It follows a blended learning approach of a

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MYNEWCAR raises $1 million bridge round

Elvis Gomes Feature December 12, 2018

Car marketplace startup MYNEWCAR raised a $1 million bridge funding round from a set of high profile angel investors. The startup plans to use this fund to strengthen its metros and expand its test drive platform Trivz to other cities. Founded in 2015, MYNEWCAR currently has presence in Mumbai, Bengaluru, Pune and Delhi.

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Base raises US $1.3 million

Elvis Gomes Feature December 12, 2018

Vietnamese startup Base has raised US $1.3 million pre-series A rounnd co-led by the Alpha JWC ventures and Beenext. It is said to be the biggest ever fund raised by a B2B startup in the country. Existing investors 500 Startups and VIISA also participated in the funding round. The company has developed over 20 apps that cover two verticals: human resources

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Tiger Cage Launch Event held

Elvis Gomes Feature December 11, 2018

Tiger Cage, an entrepreneurship-themed video series from Startup Dhaka, was launched on 10th December at EMK Center, Dhanmondi. Tiger Cage is the first ever video series in Bangladesh giving startups the opportunity to pitch in front of investors who are willing to provide funding access to startups. The show aims at mitigating one of the Bangladesh startup ecosystem’s key problems

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Snapcart in pursuit of raising $15 – $20 million

Elvis Gomes Feature December 11, 2018

Jakarta-based real-time shopper engagement app Snapcart is closing its Series B round of financing in the next few weeks, co- founder and COO Teresa Condicion told.

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Bangladesh – The most Optimistic Market

Elvis Gomes Feature December 9, 2018

Bangladesh remains the most optimistic market according to the HSBC Navigator Survey on 34 countries. The countries included were the US, the UK, Canada, Brazil, Mexico, France, Germany, Italy, Spain, Russia, Switzerland, Turkey, Australia, China, Malaysia, Singapore and Vietnam. The survey, conducted by Kantar TNS, takes into account the responses of over 8650 businesses from small to mid to large

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E-wallet

E-Wallet In Bangladesh – Is It Feasible?

SD Asia Desk Feature December 9, 2018

Bangladesh initiated to digitalize the country by 2021 for which various aspects of ICT are being introduced and developed since a decade and mobile financial services began were introduced in March of 2010. 20 banks were approved by the Bangladesh Bank to provide mobile banking service of which 18 are currently providing services such as e-wallet or electronic wallet. What

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Grab and Idooh partner up to bring in-car ads

Elvis Gomes Feature December 4, 2018

Idooh has partnered with GrabAds, Grab’s online-to-offline advertising platform, to deploy in-vehicle media screens in GrabCars in the Philippines. Fully interactive 10-inch Idooh display tablets will be installed into selected GrabCar vehicles, providing passengers with updates on lifestyle, news, and entertainment as well as e-commerce options while in transit.  Grab drivers can look forward to an additional revenue source of

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Pakistan based Venture Capital Sarmayacar may invest in Bykea

Elvis Gomes Feature December 4, 2018

Pakistan-focused venture capital firm Sarmayacar is investing in local ride-hailing startup Bykea, according to three sources close to the development. The Series A fundraising is expected to be in the region of $5 million and will be a combined investment involving at least three investors.

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ADB approved loan of $50 million for Microenterprise Development

Elvis Gomes Feature December 4, 2018

The ADB has approved $50 million to Palli Karma Sahayak Foundation (PKSF),  a development finance organization. The loan will be disbursed through a credit line to PKSF which will be disbursed to partner organizations and 40,000 microenterprises of whose 70% will be female. The total cost of the project, which is due for completion at the end of 2020, is

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The opportunities and challenges of f-commerce for female entrepreneurs of Bangladesh

SD Asia Desk Feature December 4, 2018

Facebook, is not only social media, but has become a platform for Bangladeshi female entrepreneurs to conduct business with over 2 crore users in Bangladesh. However, there are opportunities and challenges of this relatively new dimension of conducting business, not as usual. F-commerce stands for Facebook commerce which refers to overseeing online business activities through a Facebook page or Facebook

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Mobile Data usage increases 46%

Elvis Gomes Feature December 2, 2018

Since the introduction of 4G, the usage of internet boosted. Last year’s average usage was about 700MB. However, Robi, with 2.83 crore active mobile internet users and 55 lakh regular users, saw 88% increase in data usage in just one year. Grameenphone, with 3.63 crore active internet users and 50 lakh 4G users, saw 52.4% increase in a year. Banglalink

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Microsoft’s market value crosses Apple’s

Elvis Gomes Feature December 2, 2018

For the 1st time in 8 years,Microsoft’s stock market value closed ahead of Apple Inc’s. Microsoft shares rose 0.6 % at $110.89 making its market capitalization $851.2 billion where Apple’s share value dropped 0.5% to $178.58 which brings its market value to $847.4 billion. Reasons for Microsoft’s rise was assumed to be growth in cloud computing and Apple’s decline could

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Golden Gate Ventures to invest $18 million in Malaysian startups

Elvis Gomes Feature December 2, 2018

Southeast Asia-based VC Golden Gate Ventures has announced it will allocate US$18 million, or RM 75 million, of its third fund for Malaysia-based startups and open an office in the country. Golden Gate Ventures has already invested in Malaysian Startups such as GoQuo, ServisHero, Codapay and Funding Societies.

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Invest2innovate launches $15 million fund

Elvis Gomes Feature December 2, 2018

Pakistani Accelerator invest2innovate launches a fund of $15 million named i2i Ventures which is the 1st of its kind. Sarmayacar, a Pakistani venture capital firm, also launched $30 million fund with an aim to investing in local startups. These initiatives are boosting the confidence and interest among the investors as well as, entrepreneurs.

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Meet the 5 winners of Urban Innovation Challenge 2018

Elvis Gomes Feature December 2, 2018

On Monday, 27th November, 2018 Brac announced its winners for Urban Innovation Challenge 2018 at Brac Centre. Starting from June of this year, UIC 2018 started its campaign with the theme “Our cities, our problems”. It aims to support early stage social enterprises who are actively working for solving dire problems of our society. In 4 different categories, 5 winners

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Creating Capital For Your Big Business Idea

SD Asia Desk Feature November 28, 2018

Bangladesh is a hotbed for business creation and growth, a fact that has led the UK’s influential Institute of Export to name it as ‘the new Asian Tiger’. The efforts of country businesspeople has driven 7.11% growth in GDP year on year. With so much international interest, there has seldom been a better time to get started in business. For those with a

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Cancer

Singapore startup, Ark, gets funding to ‘eliminate late-stage cancer’

Navojit Dastidar Feature November 27, 2018

After eight years in development, a Singapore startup is preparing to launch its cancer-testing kits. The team’s vision, says co-CEO Dr. Zhou Lihan, is “a world without late-stage cancer.” “Late diagnosis is really why the prognosis of cancer patients are so poor today,” explains Zhou. He adds that for many cancers, “if they are discovered at the early stage, the

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Eko

Bangkok based Eko Communications raises $20M for expansion to Europe

Navojit Dastidar Feature November 27, 2018

After focusing on Asian markets, particularly in Southeast Asia, Bangkok-based Eko Communications is getting ready to take on Slack, Microsoft Teams, and other enterprise messaging apps in Europe. The startup announced today that it has raised a Series B of $20 million and opened offices in London (which will serve as its new commercial headquarters), Amsterdam, and Berlin. The funding, led by

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Women entrepreneurs to get app development training from Apple

Navojit Dastidar Feature November 27, 2018

Apple today announced the launch of the all-new Entrepreneur Camp, a first-of-its-kind initiative designed to create new opportunities for app-driven businesses owned or led by women through an intensive technology lab, specialized support and ongoing mentoring. To be eligible for the program, applying app-driven businesses must be female-founded, co-founded or led and have at least one woman on the development team

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Sheba

Sheba.xyz signs healthcare deal with Telenor Health for its service providers

Navojit Dastidar Feature November 27, 2018

Telenor Health has signed an agreement with Sheba.xyz, an online based marketplace devoted to providing the best quality service, said a statement sent to FS. Under this agreement, service providers of Sheba.xyz, will now be enjoying the digital health care benefits of Tonic that includes up to BDT 200,000 yearly coverage for the hospital stay, monthly free minutes for 24/7 doctor consultation,

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Vedantu

Online tutoring platform Vedantu raises $11m led by Omidyar Network

Navojit Dastidar Feature November 26, 2018

Vedantu, an online tutoring platform, has raised $11 million in a Series B funding round led by Omidyar Network, the company’s co-founder, Vamsi Krishna, said in an interview. The funds will be used for technology expansion and deeper penetration in tier 2 and 3 cities. Accel Partners, an existing investor, also participated in the round. Vedantu, which means ‘knowledge network,’

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