Startup Bangladesh is the flagship venture capital firm of the ICT Division. Under the visionary guidance of Prime Minister Sheikh Hasina, Startup Bangladesh – the first and only Venture Capital Fund sponsored by the Government of the People’s Republic of Bangladesh was launched on March 2020 with an allocated capital of Taka 500 crores. In this endeavor to enable the nation to innovate faster, Startups Bangladesh has decided to invest BDT 30 million in Pikaboo after recognizing the potential of this omni channel platform.
Startups are playing a vital role in meeting the needs of the market, which is having a profound impact on the socio-economic development of the country. The tech-solutions provided by the startups can help in achieving the Smart Bangladesh vision of the country. The government has established Startup Bangladesh Venture Capital Company to support these innovative startups. I am hopeful that Pikaboo will make a significant impact in the industry with this investment,” said Junaid Ahmad Palak, Minister of State for ICT, on the occasion.
“Pikaboo is a very well-known brand in the e-commerce industry and is doing very well. We hope that Startup Bangladesh’s investment on Picaboo will help it reach out to more customers. I hope that as a startup they are smart Bangladesh will play an active role in its implementation. The ICT Division has been working diligently in changing policies that assist emerging and growing startups in many aspects. Mentioned NM Jyal Alam.
“Startup Bangladesh is working diligently to support indigenous startups to grow and create a vibrant ecosystem to attract more foreign investments. We believe that Pikaboo is doing a good job in serving the needs of the customers in Bangladesh market. With the right strategy and focus, Pikaboo should be able to make a remarkable impact in the lives of the people of Bangladesh,” said Sami Ahmed.