Calling All Student Entrepreneurs: Tell Us About Your Startup

What Startup To Build In Bangladesh: These Sectors Are Begging For Disruption

|
May 4, 2015

Bangladesh is a steadily growing economy with a large middle class. The cities are among the most-dense in the world. The startup culture is burgeoning fast and bright minds are flocking in to build the next big company. As an observer of the eco-system, I see three areas that are ready for disruption with a large prize waiting for the winner::

1. Financial Services: The banking system in the country is essentially archaic and has not achieved much technological progress. While there are a number of banks, some may even argue somewhat over saturated, innovation is alarmingly absent. We have companies like bKash which is a bright spot in the domestic payment area but other than that the industry does not have any notable innovation in terms of disintermediation, equity (like crowdfunding platforms), personal finance (like Wealthfront), B2B and B2C payments etc. The industry is broadly left untouched so far and is ripe for disruption.

[blockquote source]The banking system in the country is essentially archaic and has not achieved much technological progress. While there are a number of banks, some may even argue somewhat over saturated, innovation is alarmingly absent[/blockquote]

2. Education: The education system is divided geographically as well as socially. There is a significant opportunity for a startup that can bring quality education to children and adults either through micro-tutoring(like Gotit!) or through skill based content development (like Next Lesson). The proliferation of mobile technology should help any startup reach millions of students around the country. There are also significant opportunities for working with the current school system and improve the whole end to end process of sourcing and management (like educent) by focusing on disrupting the status-quo.

[blockquote source]There is a significant opportunity for a startup that can bring quality education to children and adults either through micro-tutoring(like Gotit!) or through skill based content development (like Next Lesson). The proliferation of mobile technology should help any startup reach millions of students around the country.[/blockquote]

3. Logistics: There has been a number of ecommerce companies that has opened their shops in the market.It is very clear that this sector will continue to grow in the coming days. However, the logistics surrounding e-commerce or regular commerce has not changed much. The problem of last-mile remains a challenge. So any startup that focuses on solving the logistical challenge of moving things around (like shyp or postmate) will make a significant mark.

[blockquote source]The logistics surrounding e-commerce or regular commerce has not changed much. The problem of last-mile remains a challenge. So any startup that focuses on solving the logistical challenge of moving things around (like shyp or postmate) will make a significant mark.[/blockquote]

Register to read this article in full and more insight articles!

By registering, you will be signed-up for an account which gives you access to our premium stories published a few times a week and archives of all our premium stories. You will also receive a daily newsletter sent to your inbox. To unsubscribe, please visit the profile section in your account. We have a strong privacy policy. We will never share or sell your data to anyone.

What you get
In-depth actionable analysis

In-depth analysis on startup, business and technology scene in Bangladesh that you would not find anywhere else.
Daily and weekly newsletter
Get our daily and weekly newsletter with our most important stories directly to your inbox.
Join the conversion on this article and more on our public Telegram Group
Sajid Rahman is a successful entrepreneur and investor. He is the CEO of Telenor Health and also director of Founder Institute Bangladesh. He managed a few billion-dollar banking businesses in Asia and Africa. He is an active angel investor and sits on the board of many financial services, technology, and energy companies in US, Europe, and Asia. He loves running marathons. You can follow him @SajidRepublic

In-depth business & tech coverage from Dhaka

Stories exclusively available at FS

One comment on “What Startup To Build In Bangladesh: These Sectors Are Begging For Disruption”

  1. First of all, a strong democracy and eliminate corruption that is planted every step

About FS

Contact Us

Shares