500 Startups Takes Interest In Bangladesh, Announces New Fund For India, Sri Lanka, And Bangladesh

500 Startups Takes Interest In Bangladesh, Announces New Fund For India, Sri Lanka, And Bangladesh

Things are becoming more interesting for startups in this part of the world, US-based accelerator and investment fund 500 Startups just announced the launch of a US$25 million fund for India, Srilanka, and Bangladesh.

In a statement, published yesterday, Pankaj Jain, a Partner at 500 Startups [he will be looking after this new fund as well] wrote: “We’re excited to announce our latest regional fund focused on India including Sri Lanka and Bangladesh. 500 Kulfi will be a $25M fund focusing on early stage companies with product-market fit and demonstrated traction. Although we’re sector-agnostic, we will take a closer look at FinTech, EdTech, Health & Wellness, Data Analytics, Content and SaaS/SMB.”

This new announcement came in a time when tech giants like Uber and Alibaba expressed interest in Bangladesh market and the space is seeing more and more serious players.

PS: This is a developing story, please come back later for more. 

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