Two Bangladeshi companies have been included in the top 100 startups in the Asia-Pacific region. Ride-sharing company Pathao and job search support company Moshupya have been included in the list.
Pathao has been included in the list in the Consumer Technology category in this list by Forbes magazine. Fahim Ahmed is the CEO of this startup, founded in 2015. In addition to ride-sharing, Pathao provides various services including food delivery, e-commerce, logistics and fintech. The company said that the Pathao app has been downloaded more than 6 million times. It has provided more than 70 million rides and work orders in Bangladesh and Nepal.
Pathao crossed the total funding of $50 million or 50 million by raising $12 million in a pre-Series B round led by VentureSook last year. With the latest investment, Pathao will expand its fintech services, such as Pathao Pay (a digital wallet) and ‘Pay Later’ (buy now, pay later).
Startup company Sambhav has been listed by Forbes in the consumer technology sector. Sambhav helps people in Bangladesh find jobs that are suitable for their skills and goals. Through this platform, job seekers can create digital profiles, apply and participate in online training. Companies can use ‘Sambhav’ to evaluate candidates, outsource the hiring process and manage payroll.
This platform started its journey by helping low-income women find jobs. In 2023, they received a grant of three hundred thousand dollars from the Gates Foundation. In May this year, they raised one million or one million dollars in pre-seed funding led by Singapore-based venture capital firm Kukun Capital.
Indian startups dominate the list
Indian startups have made it to the top of the Forbes list. There are 18 Indian startups on the list. Next are Singapore and Japan with 14. China has 9, Indonesia and South Korea with 8 each. Australia has 7.
A startup is a type of business idea, a business that provides a solution to a specific problem. Which no one has provided so easily before. In the current context, startups are mainly technology-based. Such as apps, software or e-commerce, agri-based technology or social enterprises. Startups usually grow faster than conventional businesses.
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