List of Top Startups in Bangladesh
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The number of startups is increasing with the advancement of technology and the availability of easily accessible resources. Bangladesh is no different. Bangladesh is witnessing an increase in the number of startups, which are thriving. Some may fail, but those who learn from others or from their own failures, are the ones running a successful company.
Bangladesh is still a developing country, but it has come a long way since 1971. Its GDP has expanded significantly, and startups have played a vital role in this as well as in the overall development of the country. In Bangladesh, there are many different types of startups that contribute to the development of the country by providing jobs and training to those who aspire to work.
The following is a list of some of Bangladesh's most well-known and successful startups.
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ChalDal
Founded: 2013
Founders: Waseem Alim, Zia Ashraf, and Tejas Viswanath
Valuation: $40 million
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 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
Praava provides easy and affordable healthcare for the families of Bangladesh. The patient can access the service through the mobile application and can 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 7 laboratories 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
SureCash is a payment system that allows its users to make payments through their mobile application. It is one of the fastest-growing Fintech companies in Bangladesh. 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 and more than 650 payment partners. The company was founded in 2010 by Shahadat Khan.
Shopup
Founded: 2017
Founder: Afeef Zaman and Khobai Chowdhury
ShopUp is B2B commerce platform for small businesses available both online and offline. They provide easy access to B2B sourcing, logistics, digital credit and business management solutions. ShopUp Store is a free platform that allows its users an easy start to their online business. The Famous products of Shopup are Mokam, Redx and Baki. Mokam is a B2B commerce platform that serves small neighbourhood shops, providing access to a wide range of products. Whereas Redx is a logistic service and Baki is a digital financing product.
PriyoShop
Founded: 2013
Founder: Asikul Alam Khan
Valuation: $30 million
PriyoShop is an e-commerce platform that sells a wide range of products, including electronics, clothing, footwear, jewellery, healthcare, beauty products, and more. It is a B2B marketplace app that connects retailers directly to suppliers and big brands to fix the fragmented supply chain by technology. Asikul Alam Khan launched the company in 2013. The company had only three people at that time, but as time went on, they established a name for themselves. Customers can purchase the items via the website or its mobile app.
Ria Puneyani
Maya
Founded: 2011
Founder: Ivy Russell
Valuation: $3.7 million
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), machine learning 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 started in Bangladesh and is now attempting to expand into India, Sri Lanka, Pakistan, and Middle Eastern countries.
Shikho
Founded: 2019
Founder: Shahir Chowdhury and Zeeshan Zakaria
Shikho is an ed-tech company which is purely focusing on the digitisation of the education system in Bangladesh. It delivers personalized learning, feedback, and assessment for students and to keep students engaged, it uses gamification techniques, like points, leaderboards and virtual awards. It offers online coaching and educational content for students from classes 6 to 12 and also trains students for examinations such as JSC, SSC, and HSC.
Shuttle
Founded: 2018
Founders: Jawwad Jahangir and Reyasat Chowdhury
Valuation: $7.5 million
Shuttle is a mass-transit service that provides safe and affordable rides. It offers rides at an affordable price by moving more people with fewer vehicles and caters to both B2B and B2C customers. The company was founded in 2018 by Jawwad Jahangir and Reyasat Chowdhury. The attractions are travel prices as the company uses minivans with proper air conditioning, and can transport 10-11 people, allowing them to travel at a very affordable cost.
Pathao
Founded: 2015
Founder: Fahim Saleh, Hussain Elius, and Shifat Adnan
Pathao is an on-demand digital platform company headquartered in Dhaka, Bangladesh. It started as a delivery service back in 2015 with its fleet of motorcycles and bicycles. The company operates in four cities in Bangladesh since 2015 and two cities in Nepal since 2020. Pathao has ride-sharing services, food delivery, courier and E-commerce services. It became the first major ride-sharing service-providing company in Bangladesh to get enlistment certificates from the authorities in Bangladesh.
Sindabad.com
Founded: 2016
Founders: Asif Zahir and Zeeshan Huq
Valuation: $8.3 million
Sindabad.com is one of the leading e-Commerce platforms that offer a framework for manufacturing and consumer purchases for organisations such as corporate offices, homes or factories with direct delivery service. It offers a large variety of quality products at a cost-efficient price. 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 its customers.
Conclusion
Bangladesh is a developing nation and has come a long way and is all set for growth and prosperity. The growing startups in the country are one of the main reasons for its development. Companies are learning and adapting according to the citizens' demands. Various startups are growing to cater for the very demand of the country and its citizens. There are over 1200+ startups which generate over 1.5 milliom+ employments and help to provide skills and services to individuals. This helps in the overall development and growth 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, jewellery, coconut masks, and more.
Which country invests most in Bangladesh startups?
The 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 places to invest 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
- Shopup
- Shikho
- Pathao
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