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BDstartups

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14/09/2020

bKash Allows Sending Money to non bKash Users, Digital Product, and Growth

Mobile money giant has announced a feature early this month allowing bKash account holders to send to non-bKash users.

This means bKash users can send money to any mobile number, be the number is a registered bKash user or not. The way the new feature works is simple. When a bKash user enters the bKash menu, it now shows an additional option to send money to any non-bKash users. When a user chooses to send money to a non-bKash user, the system does send the money to the user with a link to download the bKash app and open a bKash account online by uploading user details along with necessary documents and receive the money into their newly opened account. They can also go to nearby bKash Registration Point or bKash registration point to open an account. The money remains valid to receive for 72 hours. The sender can cancel the send money request anytime from the bKash app before the receiver opens a bKash account.

Get more information please visit our website:
https://www.bdstartups.com/news/bKash-Allows-Sending-Money-to-non-bKash-Users-Digital-Product-and-Growth-6443

07/09/2020

Lessons From Founders of , , , and : How Local Startups Can Survive COVID-19 Economic Downturn

, in the last few months, have seen a visible dip in their businesses. Across the board, companies have struggled to stay afloat. However, there are a few startups who have managed to cope and overcome these unprecedented times. Utilizing unique leadership practices, adapting their business models, and bringing innovative products to market – they have kept their heads above water.

The nationwide imposed by the to curb the spread of brought economic activity to a standstill for nearly three months. This has impacted businesses of all sizes, across the country. Startups were not spared. They have seen a sharp fall in business revenues, and a growing gap in their cash flow, followed by a slew of other challenges.

Get more information please visit our website:
https://www.bdstartups.com/news/Lessons-From-Founders-of-Pathao-Bongo-Trucklagbe-and-Gaze:-How-Local-Startups-Can-Survive-COVID-19-Economic-Downturn-6442

31/08/2020

Go Zayaan Launches Subscription Office Pick and Drop Service Express, Ramifications of Pivot

travel platform Go Zayaan has introduced a new office pick and drop service named Go Zayaan Express as Bangladesh slowly emerges out of the pandemic lockdown and business gradually resumes operations.

There is an apparent need for a safe transportation solution for office goers as companies reopen offices and people gradually join offices, albeit with caution. The demand is two fold: 1) individual office goers want and need a safe journey to office as risk of getting infected by the virus increases in regularly available public transport options in Dhaka 2) and companies and organizations want to ensure safety of their people because it is their responsibility to do and it is tied to the performance and trust of the employees.

Get more information please visit our website:
https://www.bdstartups.com/news/Go-Zayaan-Launches-Subscription-Office-Pick-and-Drop-Service-Go-Zayaan-Express-Ramifications-of-Pivot-6428

24/08/2020

SOLshare Raises $1.1M in New Funding

, a -based company that enables P2P trading, has raised $1.1M in a new funding round for an off-grid solar energy marketplace.

First reported by the Daily Star, the round was supported by IIX Impact – the debt and equity crowdfunding platform for impact investing and included follow-on from existing investors, Innogy New Ventures and and as well as undisclosed new angel from around the world.

Previously, SOLshare raised a US$1.66M investment in series A in 2018 led by IIX Growth Fund.

Get more information please visit our website:
https://www.bdstartups.com/news/SOLshare-Raises-$11M-in-New-Funding-6429

17/08/2020

Facebook’s Excessive Power in Dhaka’s eCommerce

pandemic has accelerated the growth of the industry in Bangladesh. The sector was already on an upward trend even before the pandemic. The pandemic has come as a strong tailwind.

As and social distancing come into effect and people are forced to stay indoors, online order has become the mainstream way to buy foods and groceries. Amid the widespread fall in demand, the sector is enjoying healthy growth.

A number of online we spoke with in the past few weeks reported a sharp rise in orders from new users who never ordered on their platforms before. The internet usage has exploded and that people are looking up things online, using digital tools and services are some indisputable facts. And I’m positive that some of these behavioral changes will stick around and be lasting consumer trends in the coming days.

Get more information please visit our website:
https://www.bdstartups.com/news/Facebook%E2%80%99s-Excessive-Power-in-Dhaka%E2%80%99s-eCommerce-6382

10/08/2020

Bangladeshi start-ups homing in on billion-dollar valuation: ICT state minister

Bangladesh's start-ups are catching the attention of venture capital (VC) firms, which have put in about $200 million in over the last four years, said ICT State Minister Zunaid Ahmed Palak yesterday

"The more the start-up is maturing, the more the venture capital funding is coming," he said at the inauguration of local merchant bank IDLC's VC fund at a ceremony held at the Inter-Continental Dhaka.

In just four years Bangladesh has nurtured several companies that are commanding hundred million dollars in valuation.

Get more information please visit our website:
https://www.bdstartups.com/news/Bangladeshi-start-ups-homing-in-on-billion-dollar-valuation:-ICT-state-minister-6385

03/08/2020

Bangladesh’s Startup Ecosystem: Gaming Forward Following on to Bigger Headlines

The startup ecosystem in Bangladesh, starting its journey in the early 2010s, has gone through a remarkable transformation and is finally coming of age. The around Dhaka and on the back of sectors such as IT, e-commerce and digital marketing among others. The next wave, fueled by ride-sharing and logistics industry, has taken the ecosystem even further.

Investments received by ride-sharing and logistics sector players: (USD 12 Mn from Go-Jek), (USD 15 Mn from Golden Gate Ventures), (USD 2 Mn from Skycatcher) have successfully captured the attention of both local and foreign investors. An enabling digital ecosystem, demonstrated by high internet and smartphone pe*******on rates of 55% and 31% respectively, has given rise to the number of technology-enabled service providers within the startup arena.[1] In the coming years, emerging sectors: , , , , Deep tech and Analytics will keep spearheading the growth of startups in Bangladesh.

Get more information please visit our website:
https://www.bdstartups.com/news/Bangladesh%E2%80%99s-Startup-Ecosystem:-Gaming-Forward-Following-on-to-Bigger-Headlines-6386

27/07/2020

Navigating the bumpy road for startups

The decade starting from 2010 and ending with 2019 saw the emergence of the growth-through-startup model. The idea originated from Joseph Schumpeter, in 1942—that economies and societies are changed by waves of “creative destruction”, with new ideas and innovation changing the way we live. And this was the key idea at the heart of the growth-through-startup model: create an ecosystem in the business world that encourages innovative startups, and when they succeed and grow, they will be employing people and securing investments, leading to economic growth. And to a large extent, this model has been successful in Bangladesh.

Today, nearly everyone uses services that are offered by a few companies that came to play through this startup boost—money transfer, ride sharing, food delivery, e-ticketing. But it has not been a completely rosy picture; there have been countless stories of failures as well. Now that Bangladesh is approaching graduation from the UN’s Least Developed Country (LDC) bracket, the country’s startups and small enterprises are facing a critical juncture. Strategies and policies made at this point will have long-term repercussions for the future of individual businesses and the economy.

Get more information please visit our website:
https://www.bdstartups.com/news/Navigating-the-bumpy-road-for-startups-6390

20/07/2020

Digital Health Services: A Cure for Healthcare Shortcomings

Since the rapid advancement in information and communication technology (ICT), digital health service has been a widespread concept with enormous opportunities to revolutionize the healthcare sector. It is even more important in developing countries like Bangladesh where the workforce shortage remains a critical issue.

The rising non-communicable (NCDs) such as , , ischemic heart disease, lung cancer etc which are the main reasons for causing deaths in Bangladesh, induces the need for early detection of disease and regular counseling. The air pollution in Dhaka and poor dietary patterns are triggering the . Besides, the aging population (aged 60 or above) in Bangladesh is expected to reach over 40 million which currently stands at 12.5 million. Therefore, the use of digital health services can be a potential lifeline to enhance the capacity of the sector improving access to health services for all classes of people.

Get more information please visit our website:
https://www.bdstartups.com/news/Digital-Health-Services:-A-Cure-for-Healthcare-Shortcomings-6393

13/07/2020

Decentralizing Bangladesh: The BD Assistant Way

A random phone call startled the call center executive of BD Assistant as the mobile number seemed unusual. The caller responded saying that he was calling from the and required BD team’s support in fixing the electrical appliances of his parental home in Rangpur, a divisional city in Bangladesh.

In Bangladesh, we’ve experienced a steady rise of the startup in our capital city Dhaka thanks to the active presence of key ecosystem builders such as incubators, accelerators, angel investors, VCs etc. As the presence of these ecosystem builders are highly concentrated in Dhaka, it’s not surprising that most of our startups are emerging from Dhaka. BD Assistant is an exception hailing from , and are currently exploring to expand their operation to other divisional cities led by a bunch of passionate young entrepreneurs.

Get more information please visit our website:
https://www.bdstartups.com/news/Decentralizing-Bangladesh:-The-BD-Assistant-Way-6371

07/07/2020

Troubles at Pickaboo, Late Stage Funding In Bangladesh, and Lessons

Once a leading player in Dhaka, Picakboo has been going through a tough time from the beginning of 2019. Early this year, the company went through several major layoffs and management challenges such as product theft, Pickaboo’s once operator and CEO Shahrear Sattar left and the company significantly scaled back its operation.

The most recently Tech Shohor reports that the company is considering a shutdown or a further scaling back of its operation from December this year unless it could raise in the next two months. Pickaboo has been trying to raise money from both local and international investors with limited success. The company has already been operating on a limited scale for the last several months.

Get more information please visit our website:
https://www.bdstartups.com/news/Troubles-at-Pickaboo-Late-Stage-Funding-In-Bangladesh-and-Pickaboo-Lessons-6356

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