Business
HSBC named Bangladesh's best international retail bank
HSBC Bangladesh has recently been named Bangladesh's "International Retail Bank of the Year," at the Asian Banking and Finance Retail Banking Awards 2021.
The award recognised the strengths of the bank's personal banking capabilities and the commitment to offer the best international connectivity for customers.
Read: Bangladesh holds hidden gems for investors: HSBC
It also acknowledged the innovation, resilience and unwavering focus on customer service that had been delivered during the unprecedented challenging times.
"This award is an endorsement of HSBC's continuous innovation and client-centric solutions in today's changing environment. Our global network and breadth of expertise enable us to support individuals, families, business owners, investors and entrepreneurs in Bangladesh," HSBC Bangladesh CEO Md Mahbub ur Rahman said.
Read: BGMEA-HSBC teaming up to 'Export Culture of Bangladesh'
"We at HSBC Bangladesh are ever grateful to our retail banking customers for putting their trust in us and inspiring us to reach new heights," Ahmed Saiful Islam, head of Wealth and Personal Banking of HSBC Bangladesh, said.
Seed Fund Raising for Startups: Things to Know About
Getting a startup off the floor isn’t easy. Most of the time it starts with an idea. But working with an idea and putting it into work requires funds. The question is where will you get the initial fund? This is where seed funding comes in. In this article, we will look into the details of seed funding and everything you need to secure one for your startup.
What is seed funding?
Seed funding is essentially the first cash inflow in a startup in its initial phase. A startup has several stages. The initial phase is idea generation. Based on the idea, the startup moves into the market viable product. Subsequently, the product or service sees expansion, growth, and maturity phase. While a business can easily get large-scale investment from the expansion phase, there are significant R&D and market compatibility investments that require funding.
Read The 7 Most Promising Tech Startups in Bangladesh
These investments come in the form of seed funding. A seed investor is also known as an angel investor. To know more about angel investment, you can read our comprehensive guide here.
Seed funding is unique because there is no practical proof that the startup will be profitable or scale-able. An angel investor will invest based on the uniqueness of the idea and their experience as an investor.
Almost all the large-scale startups of today had seed backup. The initial money needed to bring the startup to profitability is well beyond the means of its founders. Seed money not only ensures maintenance of business process but also makes sure there are multiple trial and error run for your product and service.
Read:7 Local Startups Get Tk 150m Funds from Startup Bangladesh Limited
Considering the market competition and overall success rate of startups in the world, it's understandable why a startup would not be a single shot thing. Rather it’s about having a tried and tested model to achieve the ultimate goal. Seed fund allows you to try out and test different approaches which would’ve otherwise been impossible.
Things to know before getting seed Funding
The basic groundwork
An angel investor or seed funding is done at the earliest stage of a startup. Most startups that apply for seed fund doesn’t even have a market viable product. To get seed funds, you need to clearly outline your idea. The entire process is nothing but making a potential investor see your vision with the startup.
During the basic groundwork, you need to show potential investors whether the product or service has market demand or not. How will it undercut your competitor? What’s the chance that people will adapt to the product rapidly and how does it solve an existing problem? This simple market research will act as the groundwork for the seed fund approach.
Read The SWAP story of Bangladesh's first re-Commerce startup
Develop Connections
Whether the startup will get the attention of a potential investor depends largely on the word-of-mouth spread of your business. Networking and connection building are equally important to having an impeccable pitch deck. Developing networking and connections will help you come in contact with potential investors and give your startup better exposure in the startup community.
What is the ideal seed amount?
Many startups make the mistake of overestimating their business. As a result, most of them fail to secure funding. Before diving into the details of how much is actually the right amount, you need to understand that there are multiple types of investment.
Read An Overview of Shuttle: A Promising Mass Transit Startup in Bangladesh
There is discounted cash flow which generates a steady inflow of investment rather than a lump sum. There is the market comparable method where the pattern of investment on a similar startup is followed. Then comes the venture capital method where an exit strategy is worked out before investment.
Regardless of the investment, you’re choosing, it’s important to have a proper valuation of your business. Every startup has several investment cycles before it hits the maturity phase. Seed funding valuation is generally less as there is no proven market strategy associated with the product.
Read: The Emerging Logistics Tech Startups, Courier, Delivery Services in Bangladesh
The essential documents
An investor would always look for how organized a startup is. And the first step of organizing starts with the preparation of all the important documents. The documents include a business plan, executive summary, presentation deck, elevator pitch, and the NDA. All these documents are necessary when it comes to securing investment. The more organized you are, the easier it becomes to present your ideas professionally.
Set milestones
Every established business has its own set of strategic and organizational goals. As a startup, you should have your own goals and milestones as well. This is one of the reasons why a strategic business plan is so important when it comes to startups. Your investors will be looking for results from their investments. You need to outline a clear set of milestones to showcase the growth trajectory of your startup. As long as you stick to the milestones, it will help your business grow uniformly and attract investors as well.
Read Truck Lagbe: Story of a Successful Digital Trucking Startup in Bangladesh
Always be ready to scale
We mentioned the cycle a startup goes through in its initial days. Truth is, the seed period of any startup is short-lived. A startup with proper planning and business model will soon be ready to scale. It always starts with a sudden boom in sales or service requests. If you aren’t ready to serve every client proficiently, you stand to lose your reputation in the process.
The increased demand will initiate increased service requirements. So be ready to scale your business with part of the seed funding in the initial stage.
Read Arogga: The Bangladeshi Medicine Delivery Startup Which Raised $200k
Understand what you’ll give up
Seed investments aren’t different from traditional investments considering you will give up a part of your stakes to get the funding. There will be multiple stages of fundraising so you have to be careful how much you are staking out in the seed stage. This will also impact how much control you hold over the startup in its growth phase.
Bottom Line
Seed funding is a necessary and intricate part of any startup. However, many startups die out in their initial phase due to a lack of funding. In this article, we tried to focus on the core aspects that will help you ensure seed funding and control over your startup.
Read: Digital Healthcare Startups in Bangladesh: An Overview
Job opportunity at DBL group
DBL Group is a family-owned business that started in 1991. The first company was named Dulal Brothers Limited. Over the years, the organization evolved into a diversified conglomerate in Bangladesh. The businesses include Apparel, Textiles, Textile Printing, Washing, Garments Accessories, Packaging, Ceramic Tiles, Pharmaceuticals, Dredging, Semiconductor Design (VLSI), ICT, and Telecommunications.
Position: Jr. Executive/ Executive - Commercial (Export Documentation)
Vacancy: 03
Job Responsibilities:
- Communicate with different forwarders/Shipping Line, C and F Agents, Transport, Factory, Merchandisers, and other concern.
- Prepare all export documents such as bill of exchange, Commercial Invoice, L/C opening, P/List, and other Buyer's required documents for Customs, Buyer, and Bank purposes.
- Need to handle all buyers especially H and M buyers for completing all export procedures independently.
- Arrange all necessary documents for cash incentive and customs audit purposes.
- Maintain all Files/Register/Statements for top management reporting purposes.
- Need to handle any other work assigned by Line Manager and Management.
Employment Status: Full-time
Educational Requirements: Masters/MBA in any discipline from a reputed University.
Experience Requirements: 2 to 5 years
Additional Requirements
Both males and females are allowed to apply
Females are highly encouraged to apply.
Job Location: Dhaka
Salary: Negotiable
For More Info and Apply Link: https://jobs.bdjobs.com/jobdetails.asp?id=981481&fcatId=3&ln=1
Job Source: Bdjobs.com Online Job Posting.
Read Job Opening at Epyllion Group
Also read: Job opening at Upay
IBBL Dhaka East holds Shariah compliance webinar
Islami Bank Bangladesh Limited (IBBL) Dhaka East Zone organised the webinar "Compliance of Shari'ah in Banking Operations" Saturday.
Dr Tanveer Ahmad, director of the bank, addressed the webinar as chief guest and Mohammed Monirul Moula, managing director and CEO, as special guest.
Also read: IBBL Rajshahi holds business development conference
Dr Hasan Mohammad Moinuddin, a member of the IBBL Shari'ah Supervisory Committee, addressed the webinar as chief discussant.
Mohammad Ullah, head of Dhaka East Zone, presided over the programme, according to a press release.
READ: IBBL Rangpur holds business development conference
Job Opening at Epyllion Group
Epyllion Group started its journey as a house of Readymade Garments (RMG) engaged in manufacturing and exporting of Knit Apparels since 1994 and has been considered today as one of the biggest conglomerates with substantial establishment of its backward linkage of all kinds of knit garments, textile, wet processing & garments accessories.
Position: Executive - ERP Implementation
Vacancy: Not specific
Job Responsibilities
• Implement new business application, analyze the requirements of end-users, test and integrate applications;
• Provide support to end-users, investigate data discrepancies, application errors, propose modification and enhancement of existing applications to improve their functionality;
• Developing presentation and user manuals of ERP modules;
• Understand different levels of MIS reporting and its impact on business processes;
• Work with end-users and also with the ERP team;
• Understand the following process of Garments & Textile & Garments Accessories manufacturing:
a) Knowledge of Garment ERP Implementation
b) All levels of Production Cutting, Sewing, Finishing, Merchandising, Production Planning, Knitting, Dyeing, Inventory Management, and Maintenance.
Employment Status: Full-time
Workplace: Work at office
Educational Requirements
Bachelor/ Masters in any discipline from any reputed university. MBA in MIS will be preferable.
Experience Requirements: At least 1 year(s)
Additional Requirements: Age 26 to 30 years
Both males and females are allowed to apply
Job Location: Dhaka
Salary:Negotiable
Application Deadline: 25 Aug 2021
For Apply and More Info: https://jobs.bdjobs.com/jobdetails.asp?id=981062&fcatId=8&ln=1
Job Source
Bdjobs.com Online Job Posting.
Read Job opportunity at DBL group
Also read Job opening at Upay
bKash introduces reward points with transaction
bKash customers can now earn reward points with transactions to their own accounts. They can avail different offers including cashback using those reward points afterward.
The more transactions will be made, the more ‘bKash Rewards’ points will be added to the account, making customers’ experience affordable and exciting.
Read: bKash launches 4 new customer care centres in industrial belt
bKash always strives to introduce new and innovative services for its customers. On that core principle, it has introduced another unique service ‘bKash Rewards’ which is the first of its kind in the country’s mobile financial services (MFS) sector.
‘bKash Rewards’ icon has been added next to the logo on the home screen of the app. By tapping on the icon, customers can learn about their earned points, position at reward level, cashback amount, offers, point history and other details. All bKash customers are eligible to get reward points and can use their points through the bKash app.
Read Fintech MFS: Best Mobile Financial Services in Bangladesh
A certain amount of points will be added to customers’ accounts through regular use of bKash services like Send Money, Mobile Recharge, Cash in, Cash Out, Payment, Pay Bill, and other services. On the app's ‘bKash Rewards’ option, customers can see how much cashback they will get from their earned points.
Besides, customers can learn about how many points they have received from particular services and how many points they have used by tapping the ‘Point History’ option. A video tutorial on how ‘bKash rewards’ works is also added to this screen for customers’ convenience.
Read: bKash payment at around 7,000 pharmacies
Depending on the earned points, customers will be categorized into six reward levels such as Bronze, Silver, Titanium, Gold, Platinum, and Diamond. For each level, customers can enjoy different amounts of offers including cashback using reward points.
They can unlock the next levels by earning more points availing bKash services regularly. Customers can also check their current status in the level from the progress bar. Customers can also view offers of different levels from the progress bar.
Read Customer safety: bKash becomes Bangladesh’s 1st PCI DSS certified MFS provider
For customer convenience, queries about bKash rewards have been added in the ‘Frequently Asked Question’ option of the bKash rewards screen. Besides, customers can find details about bKash rewards by tapping the ‘Terms AND Conditions’ option.
Motorbike Buyer Guide: Some popular models with price in Bangladesh in 2021
Motorbikes have become an essential part of city commutes in Bangladesh. Whether being an easy solution in rush hours to being a means of earning through ride-sharing, the popularity of bikes is growing day by day. You can get a decent bike for a cheap price in Bangladesh. However, you need to consider several factors as well. So, what are the best motorcycles in Bangladesh? And which one should you get? Let's find out.
How to Choose Your Motorbike?
Understand your abilities
Most newbies make the mistake of going for a sports bike. Sports bikes are designed to be fast and compact rides, something which a new rider should avoid. Instead, you should start with a slower one and work your way to faster bikes as you gain experience. The engine limit is capped at 165 cc in Bangladesh, which still allows for sufficient speed. As a result, it’s better to avoid sports bikes as a newbie.
Understand your needs
Everyone has a different purpose for buying a bike. While most people buy a bike as a commuter, others buy it as a hobby. Again, there is a difference between riding in a city with a lot of traffic or a remote area with less traffic. All of these factors should be considered before buying a bike. For example, a sports bike isn’t the right choice for a daily commute. You can easily go for either commuter or classic. Again, a commuter isn’t a good choice for hobby riding. You can go for a café racer or cruisers instead.
Read Motorcycle Loans in Bangladesh: Turning Your Two-wheeler Dream into Reality
New or Used
There isn’t any set preference when it comes to new or used bikes. Each has its own ups and downs. This is something that should completely depend on your preference and financial means. A new bike will give you peace of mind with warranty coverage. However, if you are a newbie rider, you should go for used ones. This will ensure that you don’t dent up your new bike.
Physical Support
We often tend to ignore is the science behind riding a motorcycle. It's not just clutch and gear and the speed that determines a good bike. You should get a bike that is best suited for your body type. If you are someone short, a sports bike might put a strain on your back due to the front lean. A café racer or a cruiser is best suited for people of short to medium height. Consider your center of gravity, arms reach, and gear shift comfortableness before opting for a certain type.
Best Motorbike Models in Bangladesh
Bajaj V15
We’ll start off our list with a cruiser bike designed for city commutes. The Bajaj V15 bike is made from the scraps of the Indian warship INS Vikrant. Coming in at 1 Lac 60 thousand BDT, this 150 cc bike can be your perfect choice to cruise around the city. It's powered by a DTS-I engine that produces up to 13 Nm of torque at 5500 RPM. It’s a 4 stroke single-cylinder engine that packs quite a punch in its price segment.
The wheelbase comes at 1315mm which makes it perfect maneuverable in short turn circles of cities. The 240 mm brake on the front and back makes it easy to maintain control over the bike. Overall, this is a great bike if you want to incorporate the cruising experience with city commutes.
Read Best Ride Sharing Apps in Bangladesh
Suzuki Gixxer SF
If you’re looking for sports performance on an affordable budget, the Suzuki Gixxer SF can be a great choice. The bike has been around in the Bangladeshi market for quite some time now. The 150 cc bike comes with 4 strokes, 2 valves, air-cooled, and a fuel-injected engine. You are getting a 14.1 BHP power with 14 Nm torque at 600 rpm for a sportier feel. The bike is fast and picks up acceleration like a breeze. The top speed is clocked at 120 Kmph.
The bike also comes with a front-wheel ABS for added security. It incorporates the best of a sports bike and daily commuter. The ease of ride combined with fuel efficiency easily makes it a daily rider for many. The current market price of Suzuki Gixxer SF is 2 Lac 70 thousand.
Bajaj Pulsar 160 NS
If you walk in the streets of Dhaka, chances are you’ll see a Bajaj Pulsar at every corner. This immensely popular bike was first introduced in 2001. Since its release, the bike has become a city staple for many. The naked sports bike has been the first choice considering its high mileage, superior comfort, and security. The bike features a 160 cc engine with a top speed of 133 kmph. You are getting maximum power of 15.5 PS at 8500 rpm whereas the max torque comes at 14.6 Nm with 6500 rpm. It also features 5-speed manual transmission for better control over your ride. At about 1 Lac 90 thousand, this bike is undoubtedly one of the best city riders out there.
Yamaha R15 V3
This bike is for the true sports bikers out there. The R15 V3 is designed to be an all-around sports bike with its solid build and insane power. The model first became available in Bangladesh with its V2. Since its V2 days, it has made its mark on the Bangladeshi market with its demand now higher than ever.
The bike comes with a 155 cc liquid-cooled, 4 valve SOHC engine. You’re getting a max power of 19.04 BHP at 10000 rpm and a max torque of 14.7 Nm at 8500 rpm. When it comes to power and speed, this bike pushes to the legal road limit of 150 kmph. The bike is on the heavier side at 137 kg. This is an expensive bike at 4 Lac 80 thousand BDT but you’re getting more than what you’re paying for.
Read How to Use Ridesharing Vehicles Safely during COVID19 Pandemic
Honda CBR 150R
The Honda CBR 150R is the direct competitor of the Yamaha R15 V3. Both of them share almost similar specifications. However, the CBR 150R is a more balanced choice when it comes to speed and comfort.
The bike has a 150 cc engine with a max power of 17.1 BHP at 9000 rpm and14.4 Nm at 7000 rpm. The maximum speed of this bike is 127 kmph. You will get a 40 kmpl mileage with this one which is much better than the R15 V3. The bike has a better mount and dismount facility as it is comparatively lower than the R15 V3. The CBR 150R is a pricey bike at 5 Lac BDT. However, you will get an all-around performance and comfort riding this bike.
KTM Duke 125 European Edition
KTM bikes aren’t that popular when compared to the veterans like Yamaha or Honda in Bangladesh. However, the company is making steady strides in the local market by offering incredible quality for the money.
The KTM Duke 125 European Edition is a naked sports bike designed to be the perfect daily commute. The bike is equipped with a 125 cc, single-cylinder, 4V / DOHC, 4-stroke engine. You will be getting a 15 BHP max power at 10000 rpm and 12 Nm max torque at 7500 rpm. The bike will give you a mileage of 41 kmpl with a max speed of 120 kmph. This bike can be a great choice for city commuters and long riders alike.
Read Not a joyride: Ridesharing companies failing to serve users
Hero Thriller 160R
The Hero Thriller 160R is a 160 cc commuter bike aimed at regular daily riders. The bike comes with a BS6 compliant air-cooled fuel-injected motor. The only drawback of this bike is that it’s a 2 valve engine. However, it can still pack some serious speed. You are getting a max power of 15.2 PS and max torque of 14 Nm. You can either opt for a single ABS or dual ABS with this bike.
The main selling feature of this bike is its ergonomics. The bike is built on a sturdy structure that assists in your balance. You won't face any problem riding this bike even as a beginner.
TVS Apache RTR
The TVS Apache RTR is another common sight in the streets of Bangladesh. Whether it's city commutes or rural driveways, this bike breezes through every terrain. The naked sports bike is available for 1 Lac 80 thousand BDT. For the price, you are getting a 160 cc engine with a max power of 16.28 BHP at 8000 rpm and 14.8 Nm torque at 6500 rpm.
The four-stroke, single-cylinder is good for a top speed of 120 kmph. The bike features a front ABS with an option for dual-channel one. The key selling feature of this bike is its mileage. You are going to get around 45 kmpl with this bike which is commendable considering the city traffic.
Read Best Car Loans in Bangladesh to Grab Your Dream Car
Bottom Line
That concludes our list of the best motorcycle models in Bangladesh in 2021. The choice of bikes ultimately comes down to personal preference and ride choice. While specifications are just there for you to see what's on the offer, you should get a hands-on experience before getting one to see whether the motorcycle is fit for you or not.
Mahtab stands down after 5 years as Robi managing director, CEO
Following a successful stint as Robi managing director and CEO for five years, Mahtab Uddin Ahmed has decided not to renew his contract.
Mahtab's term with Robi will officially come to an end on October 31, but he has decided to go on leave with immediate effect.
Read CEO of financial institution needs BB permission before going abroad
Robi Chief Financial Officer M Riyaaz Rasheed, in addition to his current role, will serve as the acting CEO with immediate effect.
Chairman of Robi Board of Directors, Thayaparan Sangarapillai said: "On behalf of the Board of Directors, I would like to thank Mahtab for establishing Robi as the leading digital service provider of the country."
Read Unilever Bangladesh appoints Zaved Akhtar as CEO, MD
As Robi's first home-grown CEO, Mahtab took the company to a new height of success that includes achieving a leadership position in 4G, several path-breaking innovative digital initiatives, and the biggest ever IPO.
Job opening at Upay
Upay – the digital financial service brand of UCB Fintech Company, a subsidiary of United Commercial Bank – is hiring an officer/executive for its business sales.
Position: Officer/Executive, Sales Operation
Vacancy: Not specific
Job responsibilities
· Target and KPI management
· Preparing daily agent transaction report on an hourly basis
· Generating account statements and sharing them with the regional manager and area manager as and when needed
· Cross-checking and updating system-generated KYC information, including locating and retrieving KYC as per requirement
· Resolving agent issues related to information update, pin reset, dispute resolution at the back office
· Coordinating with the data warehouse in retrieving the PKYC to fulfil the govt regulatory body requirement
· Performing compliance tests as per standard operating procedure by verifying and analysing agent data
· Micro merchant back office management and SME back office management
Employment status: Full-time
Educational requirements: Bachelor degree in any discipline
Experience requirements: 1 to 2 years
The applicants should have experience in the following areas:
Distribution sales, sales operations
Job location: Dhaka
Salary: Negotiable
Application deadline: Aug 10, 2021
For more info:
https://jobs.bdjobs.com/jobdetails.asp?id=981045&fcatId=9&ln=1
Source: Bdjobs.com
Read Job opportunity at DBL group
Also, read Job Opening at Epyllion Group
7 Local Startups Get Tk 150m Funds from Startup Bangladesh Limited
There are many examples around us where the dream of becoming an entrepreneur is shattered due to a lack of capital despite all the wonderful ideas. While the first-world countries have all the opportunities and support to launch a startup, Bangladesh doesn't have a favorable condition to begin a startup. However, still, some enthusiastic minds took their step and became successful. To accelerate their initiative, government-owned Venture Capital Company Startup Bangladesh Limited started their journey.
The Journey of Startup Bangladesh LTD
The cabinet has approved a state-owned venture capital company called Startup Bangladesh Limited in August 2019. According to the government's Information and Communication Technology Divisions (ICT), the Prime Minister gave policy approval to the company at a regular meeting. Once the company is established, it will be able to invest a maximum of Tk. 1 crore in the seed stage and a maximum of Tk. 5 crores in the growth-guided startup round in terms of startup valuation.
Read: The Emerging Logistics Tech Startups, Courier, Delivery Services in Bangladesh
According to a written statement from the Department of Information and Communication Technology, Startup Bangladesh Limited will play a key role in creating a sustainable startup ecosystem in Bangladesh as the first state-owned venture capital company and will take the government's vision-2021 one step further.
The aim of the company is to encourage foreign direct investment in the country by transforming the innovative ideas of startups in Bangladesh into business, as well as to eliminate unemployment, create employment and economic development for the country as a whole. ICT Minister Zunaid Ahmed Polok mentioned in the cabinet meeting that the company needs to be formed to provide funding, mentoring, co-working space, legal aid, etc., to startups. In 2019-2020 budget, the government had allocated Tk. 100 crore for the startup sector.
The journey started with the capital of Tk. 500 crore. This year, startup Bangladesh Limited will provide Tk 100 crore to 50 entrepreneurs. The funds will be spent on creating young entrepreneurs, innovating technologies, advances, new workplaces, and socioeconomic change.
Read: Digital Healthcare Startups in Bangladesh: An Overview
The announcement came at the signing ceremony of an agreement to celebrate the 50th anniversary of independence as well as the first series of startups to invest in Bangladesh. With this, the new campaign titled 'ShotoBorshe Shoto Asha' of Startup Bangladesh Limited officially started its journey on March 31, 2021. The campaign was officially announced by ICT minister Zunaid Ahmed Palak. Deputy Minister for Education Mohibul Hasan Chowdhury was the special guest.
The company gave Tk. 15 crores to 7 Bangladeshi startups this year. The seven companies are Pathao Limited, Sheba XYZ, Chaldal.com, Intelligence Machine, Dhaka Cast, Eduhive, and Moner Bondhu. This fund will enable them to improve the quality of their products or services, increase productivity, market and improve supply-chain management.
This time Startup Bangladesh Limited is investing only in established and successful ventures. But the company will also invest in the new entrants too, especially the students. Students need to be introduced to such startups; then they will be able to do something on their own without running after the job.
Read Angel Investment 101: Is It the Right Track for Your Startup?
Seven Bangladeshi Startups to Get Investments from Startup Bangladesh LTD
Following are the details of the 7 Bangladeshi who are getting Tk.15 crore.
Pathao
Bangladeshi ride-sharing company Pathao is going to get more investment and this time from the government-owned venture capital company. However, the exact amount is not published yet, but they will get a significant amount for sure. This is not the first time that Pathao received an investment. Previously the company raised investment from the secondary market in 2018 from Clearstone.
Earlier, Gojek, an Indonesian ride-sharing company, made a big investment in Pathao. Gojek invested $2 million in 2017.
In 2015, Pathao started its journey as a courier service and later brought ride-sharing services through the mobile app. At first, bikes were added, and then car or car services were added. After receiving the investment, the company adds food delivery and payment services to their services. But Pathao Pay as a payment service was stopped later as it did not get approval from Bangladesh Bank.
Pathao has expanded its ride-sharing service to Dhaka, Chittagong, and Sylhet in the country. It has also launched a ride-sharing service in Nepal.
Read:The 7 Most Promising Tech Startups in Bangladesh
Sheba XYZ
Seva XYZ is an online service-based marketplace in Bangladesh. There are many services in the service app, including air conditioning service, electric and home appliance, plumbing and sanitary, furniture making and repair, wall painting, house cleaning. The organization has worked on a personal and small scale for so many days. Recently, they have started providing services to the corporate sector by increasing the scope of their activities.
Sheba XYZ got funding from Startup Bangladesh Limited. Nevertheless, the company also raised an overall $1 million previously. The company needed at least two million more dollars to run the operations at home and abroad. Hence, the investment from the government-owned venture capital company will surely boost Sheba XYZ to expand its business.
Read The SWAP story of Bangladesh's first reCommerce startup