Today: Apr 23, 2024

2023’s hottest startup tales sparking the buzz around town

4 months ago

Key Points:

  • In 2023, the startup sector in Bangladesh experienced remarkable growth and diversification.
  • Pathao, a prominent on-demand digital platform in Bangladesh, saw significant growth and expansion. It was awarded the Employment Catalyst Award and applied for a license to establish Pathao Digital Bank.
  • MedEasy, an online pharmacy startup, secured $750,000 in seed funding and offers comprehensive healthcare services.
  • Arogga, a local medicine delivery startup, raised $5.5 million in seed funding to revolutionize healthcare accessibility in Bangladesh.
  • Other notable developments include the return of JoBike, investments by Startup Bangladesh in 11 startups, the introduction of a localized version of Shark Tank, and the launch of Wind.app by Pathao co-founder Elius.

In 2023, the startup sector in Bangladesh experienced significant growth and diversification. Several startups made headlines with their achievements and contributions to various industries. Here are some of the key startup stories from 2023:

Pathao’s Growth and Expansion

Pathao, a prominent on-demand digital platform in Bangladesh, saw remarkable growth and expansion in 2023. In July, the company was awarded the Employment Catalyst Award by Prime Minister Sheikh Hasina for its role in creating jobs, especially for the youth. This recognition highlights Pathao’s effective use of technology and innovation in empowering individuals.

In August, Pathao made a strategic move by applying for a license to establish Pathao Digital Bank. This expansion into the banking sector aligns with the company’s mission to elevate user experiences and contribute to Bangladesh’s economic growth.

Pathao gained global attention by securing a position among the top 40 tech firms globally. This achievement highlights the company’s market leadership and strategic expansions.

In October, Pathao unveiled a new logo symbolizing its commitment to connecting various services such as ride-sharing, delivery, and financial access. This rebranding effort reflects the company’s dedication to ongoing innovation.

MedEasy’s Seed Funding and Comprehensive Healthcare Services

MedEasy, a Dhaka-based online pharmacy startup, concluded a successful seed funding round in September, securing $750,000. This funding, which involved players like Seedstars International Ventures and Startup Bangladesh Limited, aims to bolster MedEasy’s healthcare services in Bangladesh.

What sets MedEasy apart is its comprehensive approach to healthcare. In addition to offering medicine delivery, the startup allows users to connect with licensed doctors through video consultations. MedEasy is also working on new features like a subscription-based model, digital vital monitoring system, and an appointment-booking marketplace, showcasing its commitment to continuous innovation.

Arogga’s Funding for Healthcare Accessibility

Arogga, a local medicine delivery startup, raised $5.5 million in seed funding in October. This funding, led by The Venture Collective, aims to revolutionize healthcare accessibility in Bangladesh.

Founded in December 2020, Arogga provides a wide range of healthcare products and services. Its app facilitates easy prescription uploads, ensuring the safe and timely delivery of medicines. Arogga’s comprehensive approach focuses on making everyday medicines conveniently accessible in Bangladesh.

Other Notable Developments in Bangladesh’s Startup Scene

In addition to Pathao, MedEasy, and Arogga, several other startups made significant contributions to Bangladesh’s startup ecosystem:

  • JoBike, Bangladesh’s first bicycle rental service, made its return, promoting sustainable transportation solutions.
  • Startup Bangladesh, the government’s investment arm, approved investments in 11 startups, demonstrating support for the startup ecosystem.
  • A localized version of ‘Shark Tank’ will be introduced in Bangladesh by Sony Pictures Entertainment and Bongo, in collaboration with Startup Bangladesh.
  • Wind.app, a new startup by Pathao co-founder Elius, raised $3.8 million, further highlighting the success and impact of the startup scene in Bangladesh.

These developments signal the growth and potential of Bangladesh’s startup sector, which continues to attract investments, promote innovation, and contribute to the country’s economic development.

Disclaimer: This article is a summary of the original news article and does not reflect the opinions of the AI. The original article can be found on The Daily Star website.