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In the face of persistent economic disparities such as rising inflation and declining forex reserves, the GDP per capita of Bangladesh has surpassed the South Asian average. The nation is on track to become a trillion-dollar economy by 2030, indicating a positive outlook for local market consumption and investment. In H’1 2024, Bangladeshi startups raised USD 19 Mn across 22 deals, a 57% decline from H’1 2023.
Despite the global funding slowdown, local investments increased twofold quarter-over-quarter, indicating growing investor confidence. Notably, global investors dominated the investment scene, accounting for 59% of total investments during H’1 2024. Local investors, however, continued their active participation, showcasing an impressive 2.4x increase from Q’1 to Q’2.
Discover the most recent developments in Bangladesh’s startup investment scene for 2024 in our detailed publication, ‘Bangladesh Startup Investments Report 2024 – H1: Pioneering With Resilience”. Produced by LightCastle Partners, in partnership with Startup Bangladesh Limited, Anchorless Bangladesh, ExitStack, and BD Startup Founders, this report is part of our series of quarterly publications focusing on Bangladesh’s dynamic startup ecosystem.
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If you are interested to learn more about the Startup Ecosystem of Bangladesh
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Some of our key findings from this report include:
About our partners:
Startup Bangladesh Limited is the flagship venture capital fund of ICT Division and the first and only venture capital fund sponsored by the government of the People’s Republic of Bangladesh.
Anchorless Bangladesh is a New York-based early-stage venture capital fund dedicated to investing in critical businesses that empower Bangladesh’s socio-economic growth.
ExitStack is an online platform featuring stories, deal news, and analysis about Bangladeshi and diaspora startups. It aims to share insights on companies and founders to everyone, including potential investors and partners, around the world.
BD Startup Founders Group is the leading startup community of Bangladesh that connects the prominent active startup founders and ecosystem builders in the country.
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