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Kargo Technologies raises $7.6 million

Elvis Gomes March 21, 2019

Kargo Technologies, Indonesia based startup, has raised $7.6 million seed funding round led by Sequoia Capital India and Uber co-founder and former CEO Travis Kalanick’s 10100 Fund. Pandu Sjahrir of Agaeti Ventures, Northstar Group co-founder Patrick Walujo, Intudo Ventures, ZhenFund, ATM Capital and InnoVen Capital also participated in the round.

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DataSoft to launch 4 IoT Devices Next Month

DataSoft, a local tech company, is set to launch 4

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Per Capita Income rises to US$1909

Per Capita National Income of Bangladesh has increased more than

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FireVisor raises $1 million Seed Funding

FireVisor, Singapore based AI Startup, raised nearly $1 million in

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Ola gets backed by Hyundai, Kia Motors

Ola, Indian ride-hailing company, has raised $300 million in Series

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Tookitaki raises $7.5 million from Jungle Ventures

Tookitaki, a Singapore and India based data intelligence company, has

News

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Kargo Technologies raises $7.6 million

Elvis Gomes Feature March 21, 2019

Kargo Technologies, Indonesia based startup, has raised $7.6 million seed funding round led by Sequoia Capital India and Uber co-founder and former CEO Travis Kalanick’s 10100 Fund. Pandu Sjahrir of Agaeti Ventures, Northstar Group co-founder Patrick Walujo, Intudo Ventures, ZhenFund, ATM Capital and InnoVen Capital also participated in the round.

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DataSoft to launch 4 IoT Devices Next Month

Elvis Gomes Feature March 21, 2019

DataSoft, a local tech company, is set to launch 4 state of the art Internet of Things devices next month that will enable customers to get alerts on their mobile phones if there is any gas or water leakage or smoke or intrusion. It will be a yearly package for customers which is BDT 7,999 for the first year and

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Per Capita Income rises to US$1909

Elvis Gomes Feature March 21, 2019

Per Capita National Income of Bangladesh has increased more than 9% from $1751 to $1909 in the last fiscal year. Data shows that per capita GDP has also risen in the same pace from $1675 to $1827. The per capita GNI has been rising constantly alongside the country’s economic growth since the new millennium. The per capita GNI rose by

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FireVisor raises $1 million Seed Funding

Elvis Gomes Feature March 20, 2019

FireVisor, Singapore based AI Startup, raised nearly $1 million in seed funding round from 500 Startups Durians II Fund and Acequia Capital. SGI and Entrepreneur First also participated in the round. Launched in 2018 by Surbhi Krishna Singh and Long Hoang, FireVisor has built a machine learning-enabled analytics platform that connects to data sources in the manufacturing plant and performs engineering failure

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Ola gets backed by Hyundai, Kia Motors

Elvis Gomes Feature March 20, 2019

Ola, Indian ride-hailing company, has raised $300 million in Series J round from Hyundai Motor Co. and Kia Motors Corp which is considered to be their biggest combined investment to date. They also invested around $250 million in ride-hailing giant Grab last November. Ola expects the investment round to raise $1 billion to battle their rival Uber.

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Tookitaki raises $7.5 million from Jungle Ventures

Elvis Gomes Feature March 19, 2019

Tookitaki, a Singapore and India based data intelligence company, has bagged $7.5 million in Series A round led by Illuminate Financial, a London based early stage fintech investor. Other participants included existing investors Jungle Ventures, Enterprise Singapore, Supply Chain Angels, VWX Capital and some senior banking executives. Tookitaki provides enterprise software solutions to enable sustainable regulatory compliance programs in financial

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Shohoz: Aiming to be the Super App in Bangladesh

Sanan Ahmed Feature March 19, 2019

Vostok New Ventures. Partech Ventures, Heritas Venture Funds, Cypress Capital, Tekton Ventures, Golden Gate Ventures, are the names funding the rise of Shohoz.   It started as a bus ticket selling platform back in 2014 however. Having digitized the relatively smaller market of ticketing, it seemed logical for Shohoz to start ride hailing. Expanding operations toe to toe with Pathao, Shohoz

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Yishou gets backed by Shunsei Capital

Elvis Gomes Feature March 18, 2019

Yishou, a Chinese B2B wholesale women clothing company, has raised around $8.2 million in Series B funding round led by Shunwei Capital. Other investors included Matrix Partners China and Huaxing Growth Capital, the private equity arm of China Renaissance. Founded in 2014, Yishou raised funds from Shunwei Capital in 2017 in Series A funding round. It now serves around 3.9 million

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MIGA spots Bangladesh as the 30th largest economy in the coming years

Elvis Gomes Feature March 18, 2019

Multilateral Investment Guarantee Agency (MIGA), political risk insurance arm of the World Bank, expects Bangladesh to be the 30th largest economy over the next few years with a trillion-dollar GDP. S Vijay Iyer, VP and COO, MIGA, said in a statement, “In order to ensure sustained economic development, it is essential that the country is seen as a safe harbour

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How to Use Instagram to Build Your Brand Awareness without Spending Any Money

SD Asia Desk Feature March 18, 2019

With over one billion monthly active users, Instagram has enormous potential for e-commerce marketers. Sproutsocial found that the world’s fastest growing social media network is already used by a whopping 25 million businesses to grab a share of the market but there are many more businesses that are afraid to take the plunge due to the fear that marketing on

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Steelcase enters Bangladesh to take the country’s workspace landscape to new heights

Elvis Gomes Feature March 14, 2019

Steelcase, global leader in office furniture and innovative workspace solutions, announced their presence in Bangladesh today (14th March). The showroom opening was declared at Dhaka, with demonstration of a range of latest product innovations by Steelcase. Developed in partnership with Work Space Technology, the new showroom at Ventura Triveni will further strengthen the presence of Steelcase in the Asia-Pacific region.

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BlackBuck raises $43 million from Goldman Sachs

Elvis Gomes Feature March 14, 2019

BlackBuck, Bangalore based online logistics startup, has bagged around Rs. 303 crore in a round led by Goldman Sachs, US based investment bank. Other partner in the round was venture capital firm, B capital.  

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Food delivery app Uber Eats to launch in Bangladesh

Elvis Gomes Feature March 14, 2019

Uber Eats, the food delivery app by ride-hailing company Uber, is all set to launch in Bangladesh in April 2019, with Dhaka as its first city. Similar to the Uber rides app, Uber Eats is a food delivery app that helps bring food to consumers in a convenient and reliable manner from all the best and latest restaurants in their

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Startup Dhaka Incubator to host info Session at University of Liberal Arts Bangladesh (ULAB)

Nahid Farzana Feature March 13, 2019

Startup Dhaka has been promoting the startup ecosystem in Bangladesh for more than five years now. Since its inception, Startup Dhaka has been at the front lines, running accelerator programs, startup workshops, and online and offline courses. Startup Dhaka has worked with 1500+ startups, facilitated 68 investments, arranged over 35 startup events, and has published over 78 online courses. In

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Mollybox secures $13 million in Series B

Elvis Gomes Feature March 13, 2019

Mollybox, a Shanghai based e-commerce platform for cat food, has raised $13 million in Series B round led by DCM and Mars-backed venture capital Digitalis. Other participants included Unity Ventures, Seek Ventures, FJ Labs, Tekton Ventures and Long Capital. The startup has developed a unique business model in China’s pet food sector by launching a subscription-based service, which allows its 30,000

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Mastercard-bKash Fund Transfer possible now

Elvis Gomes Feature March 13, 2019

Mastercard, bKash and Southeast Bank Limited has launched a new service through which people can now transfer funds from their bKash wallet to Mastercard branded debit, credit and prepaid cards and vice versa. The transfer limit is BDT 15,000 per day, the same as bKash cash-in limits. A new option “add money” will be added on the bKash app to

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8 Best Antivirus which would save your computer from malwares in 2019

SD Asia Desk Feature March 13, 2019

Windows is one of the best operating system and used by large number of people. It has more capabilities more features’ in the operating system.. Best Antivirus process is very protective and destroys all types of malware such as worms, viruses, ransomware, spyware, adware attacks, and hacks. So it is necessary that your computer but have the antivirus security. This

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TartanSense Snags $2 million

Elvis Gomes Feature March 12, 2019

TartanSense, an Indian agritech startup, has raised around $2.1 million from Omnivores Partners, Blume Ventures and BEENEXT. Other participants included Dileep George, Co-founder of Vicarious AI; Akash Gupta & Samay Kohli of GreyOrange and Kush Jawahar of Featherlite. The agriculture robotics firm is developing small robots that have an optimised vision to find out the damaged, diseased, and infectious crops

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Hunliji raises $70 million from Orchid Asia and others

Elvis Gomes Feature March 12, 2019

Hunliji, a Chinese wedding services provider has bagged $70 million in Series D1 round led by Orchid Asia Group Management, an investment firm. Other investors include Matrix Partners China, China Money Network. Founded in 2013, Hunliji also raised $65 million in Series C round on March of last year. The company provides online and offline wedding-related services including banquet, filming, planning, car

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Government plans to secure $2 billion by issuing Bonds

Elvis Gomes Feature March 12, 2019

Power and Energy sector has been the prime focus of the government as it is the strongest tool in the development process. The government has plans to issue bonds of $2 billion to be invested in the power and energy sector, according to a statement by Rehman Sobhan, Chairman, CPD at a dialogue titled “Power and Energy Sector: Immediate Issues and

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Top Best websites to watch free movies online

SD Asia Desk Feature March 12, 2019

Nowadays watching free movies online is a rare thing to see. But watching free movies online by sitting at home is extremely comforting. Here, one does not need to go out to a movie theatre and the thing that one need is a suitable Internet connection and a computer or other device with a proper Internet connection. Therefore, now it

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10% rise in Exports in February

Elvis Gomes Feature March 10, 2019

Exports have risen over the month of February by 10.12% to $3.39 billion which is 7.13% higher than the monthly target of $3.15 billion. Exports from the last 8 months of fiscal year 2018-19 increased by 12.98% against the same period of last fiscal year to $27.56 billion which is 7.815 higher than expected amount of $25.56 billion. Garment exports

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Women Lag Behind in Using Internet

Elvis Gomes Feature March 10, 2019

According to the Global System for Mobile Communications Intelligence Consumer Survey, 86% of the men use mobile phones and 30% are connected to the internet, where only 58% women have mobile phone and only 13% use the internet. Among the 18 countries covered in the survey, Bangladesh has the 2nd largest mobile ownership gender gap with 33%. Pakistan has the

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What You Must Know about MALBAC Technology in Screening Babies

SD Asia Desk Feature March 10, 2019

Did you know that a robust genome amplification technique called MALBAC helps in the screening of monogenic conditions in babies? In 2014, what we know as vitro fertilization, i.e., IVF baby was screened with numerous looping and annealing based amplification cycles known as MALBAC. According to an article published on https://www.asianscientist.com, it is good news for the healthcare industry as

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How to become a successful teacher?

SD Asia Desk Feature March 10, 2019

Working as a teacher requires a great responsibility. Teaching is not only about the dissemination of academic knowledge, it is necessary to guide students along the right path. To be a good teacher, you will have to have patience, respect for learning, empathy and willingness to help others. Summer jobs for teacher profession involve many demands that are often not

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IFC likely to invest in Advujant

Elvis Gomes Feature March 7, 2019

International Finance Corporation, investment wing of The World Bank, is considering $20 million equity investment in Adjuvant Global Health Technologies Fund that manages healthcare fund in developing countries. Adjuvant is an ambitious life sciences investment company established to finance the development of drugs, vaccines, diagnostics, medical devices, and other technologies for public health challenges that disproportionately burden low- and middle-income

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NCC likely to issue Subordinated Bond

Elvis Gomes Feature March 7, 2019

The Board of Directors of NCC Bank has decided to issue BDT 700 crore non-convertible bonds to raise funds to meet regulatory capital support policies under tier 2 of BASEL III if approved by the Central Bank and Bangladesh Securities and Exchange Commission.

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How A Hackathon May Transform India’s Healthcare Scene

SD Asia Desk Feature March 7, 2019

Ever since the rise of global tech innovation hubs such as Silicon Valley and Mumbai, so-called “hackathons” have taken center stage. These team-oriented events are designed to encourage hard, sustained and focused work on a particular problem, and to find solutions for them. And with the Smart India Hackathon taking place in Surathkal recently, there’s a lot of buzz around the potential

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IFC is considering investment in Signature Global

Elvis Gomes Feature March 5, 2019

International Finance Corporation, investment wing of The World Bank, is likely to invest around $30 million in a real estate company of New Delhi, Signature Global Private Limited. According to a disclosure. IFC said that it will invest in an upcoming project by Signature Global which will cost around $100 million. Founded in 2014, Signature Global develops affordable housing projects across

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10% increase of Remittances in 8 months

Elvis Gomes Feature March 5, 2019

The amount of remittance has increased by 10% in the 1st 8 months of the current fiscal year. $10.4 billion has been sent from July, 2018 to February, 2019 by the Bangladesh nationals working outside which was $9.46 billion in the same period. The flow of remittance went down by 17% from $1.59 billion in January to $1.32 billion in

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VAT on Online Advertisement

Elvis Gomes Feature March 5, 2019

National Board of Revenue (NBR) will deduct 15% vat on ads posted on social media platform Facebook, video sharing platform Youtube & search engine Google, according to a statement by Bangladesh Bank on Monday, 4th March, 2019. Banks have been provided with separate instructions by Bangladesh Bank. Instructions to the banks include ensuring VAT deduction from service receiver from the

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PlayBrain raises $1.9 million from BITKRAFT Esports

Elvis Gomes Feature March 4, 2019

PlayBrain, a Japanese Esports event company, has secured the first even Western investment in esports in Japanese market of $1.9 million from BITKRAFT Esports Ventures. PlayBrain is a producer of esports events with the mission of assisting businesses communicate to gamers and fans.

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VC Firm Octane bags $55 million from Worldbridge

Elvis Gomes Feature March 4, 2019

Octane, a Cambodia based VC Firm, has received funds of $55 million from the country’s largest logistics company, Worldbridge Group. Launched in June of 2018, Octane got the 1st round of contribution of $5 million from Worldbridge Group’s Founding Chairman Okhna Rithy.

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Going from Idea to Investment Readiness with Startup Dhaka Incubator

Nahid Farzana Feature March 3, 2019

Startup Dhaka has been promoting the startup ecosystem in Bangladesh for more than five years now. Since its inception, Startup Dhaka has been at the front lines, running accelerator programs, startup workshops, and online and offline courses. Startup Dhaka has worked with 1500+ startups, facilitated 68 investments, arranged over 35 startup events, and has published over 78 online courses. In

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Top Ten News from Last Week

Elvis Gomes Feature March 3, 2019

NPL rose to BDT 939 billion The amount of classified loans rose more than 26% by the number of BDT 196.08 billion in the last fiscal year in spite of various measure taken by Bangladesh Bank. The amount of NPL was BDT 939.11 billion on 31 December, 2018 which was BDT 743.03 billion on the same date of 2017 according

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Indian Edtech Startup Bulbul raises $500k

Elvis Gomes Feature March 3, 2019

Bulbul Inc., a Hydrabad and US based edtech startup, has received funds from of $500,000 in early stage investment round from Xseed Partners, digital consulting firm Anblick Solutions Pvt. Ltd, angel fund Operator VC, and Infoblob. Founded in 2015, Bulbul that develops apps for pre-school kids, also raised funds of $1 million in 2016 and $200k in 2015.

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IFC likely to invest in A91 Partners’ Fund

Elvis Gomes Feature March 3, 2019

According to a disclosure, Indian Bangalore based Venture capital firm A91 Partners’ Fund is likely to get funds of $25 million from the investment wing of World Bank, International Finance Corporation. A91 Partners is planning to raise between $250 million and $250 million, committed to invest in 10-15 startups in growth stage. The key industries they are looking to invest

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Due to Lack of Initiatives, Blue Economy remains Untapped

Elvis Gomes Feature March 3, 2019

Bangladesh has achieved around 19,467 sq. km. disputed areas in the Bay of Bengal from India in 2014. This area opens up a huge opportunity of growth through Blue Economy. However, no initiative has been taken other than forming BLUE ECONOMY CELL (BEC) under the Energy and Mineral Division of the Ministry of Power, Energy and Mineral Resources. 26 sectors

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Instagram SEO Tactics That Are Guaranteed to Boost Your Website Rankings

SD Asia Desk Feature March 3, 2019

While digital marketers have always given a lot of importance to the really important aspects of SEO like keywords and link building, Instagram SEO, by and large, has always been underestimated if not ignored. Even though no activity on Instagram has any direct influence on the page ranking, you do need to take into account the impact resulting from factors

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Smart Technology Spells the Future of Fashion in Bangladesh

SD Asia Desk Feature March 3, 2019

Smart apparel is a relatively new phenomenon, but it’s quickly gaining popularity in the fashion sector. Though there are many companies working on wearable smart devices, few are tackling the world of ready-made garments. As the second leading producer of ready-made clothing in the world, Bangladesh could greatly benefit from embracing this trend early on. It’s for this reason that the Bangladesh

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