SBK Tech Ventures invests $7.1 million in 6 Bangladeshi startups

SBK Tech Ventures has unveiled an investment plan of $7.1 million in six local startups, pending due diligence and investment criteria are met. 

The "prospective" startups being considered are: AI-powered platform Markopolo, tech-enabled mobility solutions provider Jatri, climate tech-based startup Solshare, agro-based startup Fashol, med-tech startup Arogga and ed-tech based startup 10 Minute School. 

SBK funds Bangladeshi tech startups only; their minimum ticket size is USD $ 1 million per startup. 

SBK is the first and only woman led licensed VC in Bangladesh to run in-house accelerators: "NetPositive" & "ExcelerateHer", an in-house incubator; "YES, She Can". 

The founder & managing general partner of SBK Tech Ventures, said, "Bangladeshi startup founders are undervalued and unnoticed. They have numerous opportunities for delivering impact through tech-enabled business models. The total investment in this round reflects our confidence in the success of these startups which solve problems of the masses, leverage technology to scale and create a transformative impact." 

"We are passionate about supporting our local entrepreneurs help drive inclusion, empathy, and innovation- ignite sustainable economic development. We are ecstatic about partnering with these incredible founders who will be making history! With our investments, we aim to achieve our long-term vision of engaging with stellar founders who hit inflection and escape velocity," she added.