The number of startups is growing in tandem with the advancement of technology and the availability of easily obtainable resources. Bangladesh is no different. Bangladesh is seeing an increase in the number of startups, which are thriving. Some may fail, but those who learn from others' or their own failures are running a successful company.
Bangladesh is still a developing country, but it has come a long way since 1971. Its GDP has expanded considerably, and startups have played a key part in this as well as the country's overall growth. In Bangladesh, there are many different sorts of startups that contribute to the country's growth by offering jobs and training to those who wish to work.
The following is a list of some of Bangladesh's most well-known and successful startups.
ChalDal
Founded - 2013
Founders - Waseem Alim, Zia Ashraf, and Tejas Viswanath
Valuation - 40 million USD
Founded in 2013, ChalDal is an online grocery shopping platform that provides all kinds of household items and essentials. Customers can buy groceries through the website or the mobile application, which is available for both Android and iOS. The buyers can also set a time for delivery when they want the item to be delivered. The company was founded by Waseem Alim, Zia Ashraf, and Tejas Viswanath. The company was also awarded as the best e-commerce company of the year in 2020 by Digital World 2020, for providing essentials during the tense times of COVID.
Praava Health
Founded - 2017
Founder - Sylvana Quader Sinha
Valuation - 10.6 million USD
Praava is a company that provides easy and affordable healthcare for the families of Bangladesh. The patient can access the service through the mobile application and make appointments. The patient can also check their healthcare history through the app. The company claims to have a proper 15 minute time slot for each and every appointment, so that all the queries of patients can be heard and solved. The company also has 6 labs that can perform 250 unique tests and have a low rate of error. Praava Health has also built the country's first PCR lab for molecular cancer diagnostics.
SureCash
Founded - 2010
Founder - Shahadat Khan
Valuation - 7 million USD
SureCash is a mobile payment system that allows its users to make payments through their mobile application. SureCash is currently accessible through six scheduled banks: Rupali Bank Limited, First Security Islami Bank Limited, Bangladesh Commerce Bank Limited, Jamuna Bank Limited, National Credit & Commerce Bank Limited and National Bank Limited. The company was founded in 2010 by Shahadat Khan.
PriyoShop
Founded - 2013
Founder - Asikul Alam Khan
Valuation - 7 million USD
PriyoShop is an e-commerce platform that sells a wide range of products, including electronics, clothing, footwear, jewellery, healthcare, beauty products, and more. Asikul Alam Khan launched the company in 2013. The company had only three people at the time, but as time went on, they established a name for themselves. Customers can purchase the items via the website or a mobile app for Android and iOS.
Ria Puneyani
Maya
Founded - 2011
Founder - Ivy Russell
Valuation - 3.7 million USD
Maya is an online service that helps people with mental and physical health issues. The company has a team of 300+ licensed healthcare experts and roughly 10 million unique users. The software employs artificial intelligence (AI) and natural language processing to provide users with digital assistance. The system then directs the users to the right specialists based on their responses to the questions. The company began in Bangladesh and is now attempting to expand into India, Sri Lanka, Pakistan, and a number of Middle Eastern countries.
Shuttle
Founded - 2018
Founders - Jawwad Jahangir and Reyasat Chowdhury
Valuation - 7.5 billion USD
Based in Bangladesh, Shuttle is a mass-transit service that provides safe and affordable rides. The company was founded in 2018 by Jawwad Jahangir, Reyasat Chowdhury. The attraction is the economical prices as the company uses minivans with proper air conditioning, and can transport 10-11 people, helping them to commute with a very affordable price.
Sindabad.com
Founded - 2016
Founders - Asif Zahir and Zeeshan Huq
Valuation - 8.3 million USD
It offers a framework for manufacturing and consumption purchases for organisations such as corporate offices, with direct delivery service. Based in Dhaka, the company was founded in 2016, by Asif Zahir and Zeeshan Huq. Major financial firms, raw material companies, pharmacies, and regional corporations are among Sindabad.com's customers.
Conclusion
Bangladesh is still developing and has come very far and is all set for growth and prosperity. And the startups growing in the country are one of the main reasons. Companies are learning and adapting according to the Bangladeshi population and their demands and are thriving. Many various types of startups exist in Bangladesh, all of which contribute to the country's growth by providing employment and skills to individuals who want to participate. This helps in overall development of the country.
FAQs
What kind of business is profitable in Bangladesh?
E-commerce is one of the fastest growing businesses in Bangladesh.
What is famous in Bangladesh to buy?
Bangladesh is famous for a wide variety of handicrafts, jewellry, coconut masks, and more.
Which country invests most in Bangladesh startups?
United States of America invests most in Bangladesh startups.
Which is the best place to invest in Bangladesh?
There are many investment opportunities in Bangladesh. Some of the best place to invests in are:
- Startups
- Banks
- Insurance
- Stock market
- Mutual Funds
Which are the most successful startups in Bangladesh?
Some of the best Startups in Bangladesh are:
- ChalDal
- Praava Health
- SureCash
- PriyoShop
- Maya
- Shuttle
- Sindabad.com