The local startup scene is experiencing notable downward shifts in funding trends, even as the global startup ecosystem indicates slight growth. On a global scale, startup investments have risen marginally by 7%, totalling a formidable USD 73 billion in the third quarter of this year. But funding in Bangladesh plummeted to a mere USD 4.0 million in Q3 2023, a drastic 77% decline in comparison to the same period last year. This trend was revealed in the recently released Bangladesh Startup Investment Report for Q3 2023 by LightCastle Partners.
We present five indispensable books that every startup founder should read. These literary gems offer profound wisdom, practical advice, and valuable perspectives from seasoned entrepreneurs, business leaders, and thought-provoking thinkers.
From crafting a compelling business plan to attracting investors, this article serves as your roadmap to financial success.
Artificial Intelligence or AI as it’s more commonly known, has been the buzz of the tech world recently. AI has revolutionised the technology ecosphere and disrupted the market with significant brute force. Tech startups have utilised the power of AI to develop innovative ideas that benefit their customers in a number of ways giving them a significant advantage in the market. We will discuss some of the many facets of AI startups and how they affect our present and future.
The Bangladeshi startup ecosystem has seen remarkable growth in the past few years with approximately 1,200 active startups across sectors, including fintech, logistics, healthcare, tourism, agriculture and education. In fact, startups like ShopUp, bKash, Pathao, Chaldal, Maya, Shajgoj, and iFarmer have innovated new products and processes to transform the market and have attracted millions of dollars in foreign investments for Bangladesh along with creating thousands of new jobs.
In an effort to helping innovative and ambitious startups across the globe, Microsoft has launched its Microsoft for Startups Founders Hub in Bangladesh. The global platform provides free access to resources such as productivity and technology tools to startup founders looking to launch their projects and materialise their ideas into reality.
With promising startups, founded by some of the brightest minds of the generation, Bangladesh has been on a rocket ship to gain its own recognition on international startup platforms. With its state-of-the-art technology and foresight, the Bangladeshi edtech startup has found its place on the “Forbes Asia 100 to watch 2022” list.
Co-founded by BUET graduate Ariyan Kabir, the robotics startup GrayMatter Robotics recently raised a $20M Series A investment led by Bow Capital.
The concept of start-ups is now a household term in almost all corners of every city of Bangladesh. With their can-do attitude, young entrepreneurs push the envelope by consistently honing their skills to achieve higher and aim further. But if we look back, one and half decade to be exact, the term start-up unheard of. Shafqat Islam, CEO and Co-founder of NewsCred/Welcome, achieved ‘Unicorn’ status for his company by joining the Optimizely family. A milestone reached by the first Bangladeshi start-up. ‘Unicorn’ is an industry jargon meant to designate companies that reach a valuation of $1 billion without being listed on the stock market and to be one is the dream of any tech startup.