3 Bangladeshi startups receive funding from Accelerating Asia

3 Bangladeshi startups - Shuttle, Markopolo and MedEasy, recently received funding from Accelerating Asia, a Singapore-based early-stage venture capitalist firm and startup accelerator.

Accelerating Asia recently invested in 13 firms, with nine new startups and four organisations, which are part of its existing portfolio, receiving the funding during the VC firm's sixth cohort.

Shuttle received a follow-on funding from Accelerating Asia as it previously raised $750,000 in its seed round which was led by Accelerating Asia. The mass-transit startup started its operations by making daily commutes affordable and convenient for female commuters and has recently focused on expanding its business by moving to a B2B model as well.

Markopolo and MedEasy are the two new Bangladeshi startups that have been backed by Accelerating Asia in its sixth cohort.

Markopolo is a deep-tech company that creates an AI digital marketing assistant driven by millions of relational datasets. It allows automated campaign creation and management in search ads and social platforms and enables users to launch targeted ads and receive real-time analytics on their performance. 

MedEasy is a leading digital healthcare platform which provides doctor video consultations. It also provides home delivery of medicines through its online pharmacy. Currently, it has 75,000 users and more than 100 doctors registered on its platform. In 2021, MedEasy served over 20,000 medicine orders and witnessed a high revenue growth.