28 hi-tech parks to create 3lac jobs

Posts, Telecommunications and ICT Minister Mustafa Jabbar declared last Saturday that 28 hi-tech parks are now being constructed outside Dhaka which is likely to create over 3,00,000 jobs in Bangladesh for the youth. He also believes that Bangabandhu Sheikh Mujib Hi-Tech Park, Rajshahi will be a milestone reaching towards Digital Bangladesh as it will create 14,000 new jobs.
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Standigm raises $11.5 million in Series B round

Standigm, a Seoul based drug delivery and development platform, has raised $11.5 million in Series B round led by Mirae Asset Venture Investment and Mirae Asset Capital. It takes the total amount of funds raised to $15 million. Other participants included, DSC Investment, Wonik Investment Partners and existing investors Atinum Investment, LB Investment and Kakao Ventures, an early stage venture capital arm
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Blue Mobile raises funds in Series C round

Blue Mobile, a southeast Asia based vending machine and payment platform, has raised an undisclosed amount in Series C round led by online payment giant Ant Financial. Established in 2014, Blue Mobile started its business in China and has expanded its subsidiaries across Thailand, Vietnam, Malaysia, and Indonesia. Blue Mobile has got over 6,000 smart vending machines throughout Indonesia and Thailand
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“female entrepreneurs need policy support and more budgetary allocation”

On 30th March, 2019, Women Entrepreneurs' Association, the oldest platform of women for business in Bangladesh, celebrated its silver jubilee at Gulshan Club, Dhaka. Chief guest, Mr. Atiqul Islam, Mayor of Dhaka North City Corporation emphasized on the fact that women contributed a lot in the sector of apparel exports of Bangladesh but people are still unaware of their contribution.
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Pakistan based fund launched by Gobi Partners, Fatima Ventures

After its investment in Pakistani online travel startup Sastaticket.pk, Gobi Partners has been exploring options to invest in Pakistan. It was the first time that a Chinese VC invested in Pakistan. Recently, Gobi Partners has launched a $20 million fund with Fatima Ventures specifically targeting new tech companies of Pakistan. Fatima Ventures is the corporate venture capital arm of Fatima Group,
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Deligram snags $2 million in Series A

Launching in 2017, Deligram is an innovative ecommerce platform that uses a unique omni-channel ecommerce model. Deligram serves customers through their app or web platform from where customers can order products from a selection of 15,000 and the product will be delivered to them in 24-96 hours. Customers can also pick up their ordered products from any "DGAgents" and skip
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500 Startups raises $33 million

500 Startups, a Silicon Valley based venture capital firm has announced that 500 Falcons, Middle East and North Africa based fund of 500 Startups, has snagged around $33 million. The initial plan was to raise $30 million. However, with the last close of $17 million, it has gone beyond expectation. 500 Startups has been investing across the Middle East and North
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Oxfordcaps raises $8 million

Oxfordcaps, Singapore based student housing platform, has raised $8 million in Series A funding round led by Times Internet, a subsidiary of Indian Media House Benett Coleman and Co. Ltd. Other participants included existing investors Kalaari Capital and 500 startups. Earlier, it secured seed funding from 500 Startups and ReadyVentures on December 2017.
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SCA launches Accelerator

Supply Chain Asia, Singapore's non-profit professional body, has initiated SCA-TAP, tech accelerator programme, to inspire innovation in the supply chain industry. The application is open for companies who are less than 5 years old and want to build a flexible and sustainable business model.
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Defaulters see another hope for paying off debts

In a meeting chaired by Finance Minister AHM Mustafa Kamal with heads of all concerned regulatory authorities present, the decision was taken to provide defaulters with another lifeline. Defaulters will now be allowed to reschedule their loans for 12 years after finishing 2% down payment under a special package. Currently, defaulters are allowed to reschedule their loans at most for
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iVideoSmart raises $4.5 million

iVideoSmart, a Singapore based video publishing startup, has raised $4.5 million in Series A+ funding round led by Kickstart Ventures, Philippine based venture capital firm. Other participants included Darwin Ventures, SGInnovate, and existing investors Monk’s Hill Ventures and EE Capital which took the total funding round to $8 million. Founded in 2016, IVS is one of the largest video publishing platforms
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Uber introduces driver safety features

Ride-sharing giant Uber introduces "Driver Safety Toolkit" that provides GPS tracking facilities for every ride and an emergency button. The new feature includes Share Trip: Ride partners can now share their location and ride details with anyone for safety purposes. It can also allow delivery partners to more easily Share Trip and customise their trip sharing preferences. Emergency Button: This button lets partners connect
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