State-owned venture capital firm Startup Bangladesh Limited has disbursed BDT 9.025 crore out of a total allocated BDT 11.10 crore over the past six months. Between September 2024 and January 2025, the company made new and follow-on investments in nine promising startups, showcasing its commitment to fostering the nation’s entrepreneurial ecosystem.
Among the notable recent investments are Ten Minute School Limited, the leading edtech platform in the country; Sheba Platform Limited, a top-tier digital services platform; and ShareTrip, a revolutionary startup in the travel technology sector.
Additionally, Startup Bangladesh has supported several early-stage startups, including ParentsCare Limited, which offers elder care services; Dubotech Digital Limited, a fast-growing underwater robotics company; Shokkhyo Technologies Limited, a distribution management system for retail brands; English Champ Limited, an edtech platform for children’s English learning; Area 71 Ventures Limited, an authorized Amazon SPN partner offering FBA courses; and Bookshinary Limited, an online book-selling platform.
On Thursday, officials from Startup Bangladesh revealed plans to launch a “Fund of Funds” initiative in the coming months, aimed at enhancing capital flow and accelerating innovation.
Speaking on the matter, Secretary of the ICT Division and Board Chairman, Shish Haider Chowdhury, stated, “Our commitment at Startup Bangladesh Limited is not just limited to funding startups but also to building a thriving and sustainable startup ecosystem that empowers entrepreneurs to lead innovation. Through investments in promising startups, we aim to create an environment that fosters sustainable growth and accelerates the journey of making Bangladesh a global hub for digital innovation and entrepreneurial culture. The launch of the ‘Fund of Funds’ will be a transformative step for our startup ecosystem, significantly enriching the flow of capital and resources to accelerate innovation.”
Sami Ahmed, Managing Director of Startup Bangladesh Limited, added, “Startup Bangladesh Limited is committed to nurturing young individuals as the startup founders of tomorrow. Despite having innovative ideas, young entrepreneurs in Bangladesh face significant barriers in accessing funds. To address this, we are introducing a Fund of Funds to build a robust VC ecosystem. In February, we will host the Divisional Youth Startup Summit to inspire the youth about startups, followed by the Bangladesh Startup Summit, which will attract international investors. These initiatives will provide startups with capital, mentorship, and global networking opportunities, enabling them to transform innovative ideas into impactful solutions. By fostering innovation in the startup sector, we aim to drive economic growth and inspire socially responsible enterprises. Through these efforts, Startup Bangladesh is creating a dynamic ecosystem that establishes Bangladesh as a global hub for digital innovation while encouraging the youth to work on future-forward solutions.”
With a focus on innovation, sustainability, and entrepreneurial growth, Startup Bangladesh Limited is setting the stage for the nation to become a global leader in digital advancements and startup development.
