Dhaka, Bangladesh, 25 June 2024 – Bangladesh Venture Capital made a total of BDT 25 million investments in Chaldal Limited and Sokrio Technologies Limited. This substantial financial support is aimed at promoting the growth of these enterprises.
During a formal agreement signing and funding handover ceremony, Mr. Waseem Alim, Founder & CEO of Chaldal, and Mr. Md. Mubir Mahmud Chowdhury, Founder & CEO of Sokrio, received the funds on behalf of their respective organizations from the Chairman of Bangladesh Venture Capital Limited.
Bangladesh Venture Capital Limited also hosted 'Founder's Insight', an exceptional event featuring a panel discussion with esteemed startup founders. This event took place at 71 Auditorium, Daffodil Plaza gathering the brightest minds in entrepreneurship and innovation. The panel featured prominent entrepreneurs including Dr. Md. Sabur Khan, Chairman of Daffodil Family, Waseem Alim, Founder & CEO of Chaldal Limited; Mr. Rasiul Kabir, Founder & CEO of Brainstation 23 PLC and Md. Mubir Mahbub Chowdhury, Founder & CEO of Sokrio Technologies Limited. The panel discussion explored the insights and experiences of accomplished entrepreneurs. It focused on fundraising for startups, IPO opportunities for startups, and maintaining motivation throughout the entrepreneurial journey. This segment promises to provide valuable knowledge and inspiration to aspiring entrepreneurs and industry stakeholders.
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Mr. Shawkat Hossain, CEO of Bangladesh Venture Capital Limited, moderated the engaging panel discussion. "We are excited to bring together such a respected panel of industry experts and to assist promising startups through our investment fund," stated Shawkat Hossain, CEO at Bangladesh Venture Capital Limited. "This event reflects our commitment to fostering entrepreneurship and driving economic growth in Bangladesh."
The organizers plan to continue the "Founder's Insight" series, inviting renowned founders from both home and abroad to share their experiences and knowledge.
The event was co-organized by GEN Bangladesh and the Department of Innovation and Entrepreneurship at Daffodil International University. GEN Bangladesh is dedicated to supporting aspiring and existing entrepreneurs in scaling up their businesses, while the Department of Innovation and Entrepreneurship at Daffodil International University focuses on nurturing young minds and cultivating an entrepreneurial mindset among students.
Bangladesh Venture Capital Ltd (BVCL)
Bangladesh Venture Capital Limited (BVCL) is a leading venture capital firm dedicated to fostering innovation and supporting the growth of startups in Bangladesh. By providing critical funding and strategic guidance, BVCL empowers entrepreneurs to transform their innovative ideas into successful, scalable businesses. The firm is committed to building a robust entrepreneurial ecosystem in Bangladesh by offering financial support, mentorship, and networking opportunities. BVCL's investments span various sectors, helping to drive economic growth and technological advancement in the country. Through its initiatives and collaborations, BVCL plays a pivotal role in nurturing the next generation of entrepreneurs and business leaders in Bangladesh.
Chaldal.com is a leading e-commerce platform in Bangladesh, revolutionizing the grocery delivery industry. Founded in 2014, Chaldal offers a seamless online shopping experience with a wide range of products, competitive prices, and swift delivery services. Committed to innovation and customer satisfaction, Chaldal has rapidly grown to become a trusted household name. By leveraging technology and efficient logistics, Chaldal continues to set new standards in the Bangladeshi market. They are providing services to 25 lac customers in 3 districts including Dhaka, Chattogram, and Jessore.
Sokrio Technologies Limited is a SAAS platform providing Distribution Management System (DMS). Sokrio DMS is a smart sales automation system for retail channel management. Sokrio has over 40 clients in 24 industries. Sokrio DMS is being used by the sales teams of its clients across all the districts of Bangladesh. Sokrio has a diverse range of clients serving large companies from 800+ member sales teams to as low as 5 member sales teams through its SaaS-based solution. Over the last 12 months, using Sokrio DMS, the clients have visited 1.43 crore outlets and generated more than 86 lakh invoices valuing more than BDT 2,738 crore.
Global Entrepreneurship Network Bangladesh (GEN Bangladesh) is a dynamic affiliate of the Global Entrepreneurship Network, dedicated to fostering entrepreneurship and innovation across Bangladesh. Since its inception, GEN Bangladesh has been instrumental in creating a supportive ecosystem for startups and aspiring entrepreneurs by providing access to resources, mentorship, and global networks. Through a variety of programs, including Global Entrepreneurship Week (GEW) and the Entrepreneurship World Cup (EWC), GEN Bangladesh connects local entrepreneurs with global investors, mentors, and business leaders. The organization focuses on empowering entrepreneurs at every stage of their journey, enhancing their skills, and promoting sustainable business practices. GEN Bangladesh is committed to driving economic growth and development by nurturing a vibrant entrepreneurial culture in the country.
Department of Innovation and Entrepreneurship
The Department of Innovation and Entrepreneurship at Daffodil International University (DIU) is a pioneering academic division dedicated to fostering a culture of innovation and entrepreneurial thinking among students. Established to equip future leaders with the skills and mindset needed to succeed in the dynamic business landscape, the department offers comprehensive programs that blend theoretical knowledge with practical experiences. Through initiatives such as workshops, boot camps, and mentorship programs, the department nurtures students' entrepreneurial ambitions, helping them transform innovative ideas into viable business ventures. By collaborating with industry experts, investors, and global partners, the Department of Innovation and Entrepreneurship at DIU plays a vital role in cultivating an entrepreneurial ecosystem that supports the growth of startups and the overall economic development of Bangladesh.