Tiger Cage Launch Event held

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 – finding smart capital for startups. Investors for the first season are:

Mustafizur R Khan: Mustafiz co-founded Startup Dhaka, which manages an accelerator program as its operating partner. He is also a partner at IDLC Asset Management’s Venture Capital Fund.

Samad Miraly: Samad is a Partner at IDLC Asset Management Venture Capital Fund I and an Executive Director at Olympic Industries Limited. He also co-founded Startup Dhaka.

Fayaz Taher: Fayaz is the co-founder of Startup Dhaka and Magnito Digital. He is also a Director at Fortuna and the Chief of Nothing at Bongo BD.

Nazim Farhan Choudhury: Nazim is the Managing Director of Adcomm Limited and also the cofounder of GraphicPeople, SoftwarePeopleColoursFM and Nazimgarh Resorts.

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62 Startups registered for the event. However, after rigorous scrutinizing, only 16 startups were selected to present their ideas to the investors at the event. Finally, four startups made it to the next season of Tiger Cage. The finalists are:

Avijatrik: Avijatrik is an online touring platform to provide adventure holiday experiences in different regions of Bangladesh. Besides providing traditional tourism services, it provides exclusive, community-based tourism services in Bangladesh.

Adama Robotics: Adama produces easy-to-use robotics kits, applications and courses for young learners to give them creativity, problem-solving and STEM technical skills better equip them for the future.

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GS Bike Security: GS designs and manufactures security solutions for motorbikes.

BDParlors: BDParlors is a platform that provides all sorts of skincare and beauty solutions.

Another three startups were conditionally selected based on their ideas. Investors will evaluate their performance for the next few months and getting into the next stage of Tiger Cage will depend on their performance. These startups are:

MealBoxbd: MealBox is a subscription-based, healthy food cooking and delivery service for the people who love to eat healthy, stay fit and fresh.

Onukaj: Onukaj works on creating a virtual teaching assistantship. dispersing micro-faculty based work through a Facebook group. Onukaj is aiming big and collaborates with REPTO.

Loop: Loop is a web and mobile platform to easily book, track and pay for road-based shipments. It provides a sophisticated and timely payment infrastructure for carriers.

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Contestants were excited about the launch of such a show. Saif Imam, Marketing Manager & PR, Smart Launder, said, “Definitely a big platform for us startups. As a struggling startup, we’ve been eagerly looking for something like ‘Shark Tank’ in Bangladesh and finally it happened! Thank you for doing this for us.” Nazifa, Managing Director, BDParlors, exclaimed, “Before pitching, I was really scared about the name ‘Tiger Cage.’ In fact, it was my nightmare. But when I pitched, I had a feeling that if any anyone is passionate about their venture, they will go far through this platform”.

Audiences were also excited about the launch. Dana Mclachlin, University of Amsterdam, wished Tiger Cage the best of luck and said, “It is a great platform to share their ideas and get feedback. Best of luck in the future, and hope you find some great companies.”

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Sajid Amit, Director, Center for Enterprise & Society (CES) at University of Liberal Arts Bangladesh (ULAB), said,“Wonderful initiative. I think it’s essential that the Youth of Bangladesh understand exactly how business is done. It’s one thing to know how to run a business, but it’s another to understand the vocabulary of investing. I think you also should surf beyond the vocabulary. I think it helps you to think about how do you think about growth, how to think about getting you equity investments because you’re not relying on money for growth. A wonderful opportunity for investors and for entrepreneurs”

Siddhartho Goswami, Project Associate, UNDP, said, “It’s quite interesting for entrepreneurs who are struggling for funding and this can be a great initiative for them to understand the market reality and how to place themselves to the investors”

Tiger Cage Facebook Page: https://www.facebook.com/Tiger-Cage-2013438022057439/

Tiger Cage Website: https://startupdhaka.org/tiger-cage

Tiger Cage Trailer: https://www.facebook.com/2013438022057439/videos/738616996503147/

 

Elvis Gomes

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