BD Venture To Raise New Fund, Singed Agreement With Green Delta Capital Limited

BD Venture To Raise New Fund, Singed Agreement With Green Delta Capital Limited

Amid growing interest in Dhaka’s startup ecosystem, BD Venture has just announced that the venture firm is raising new fund. The venture capital firm plans to raise BDT 2500 million. As part of its fund raising drive, BD Venture Limited (BDVL) has signed an agreement with Green Delta Capital Limited (GDCL) today [2nd March, 2015] under which Green Delta Capital Limited will act as a Mandated “Arranger” for BD Venture Limited to raise up to BDT 2,500 Million to create a“Venture Capital Fund”, first of its kind in the financial sector of Bangladesh.

A statement just sent out said, the fund will be invested in startups and/or early stage highly scalable enterprises in Information Communication Technology, Information Technology Enabled Services, Healthcare, Food Processing, Agro based and other growing sectors.

A signing Ceremony also held today at the city’s Green Delta Aims Tower, Mohakhali. Mr. Md. Rafiqul Islam, Managing Director & CEO of Green Delta Capital Limited and Mr. Shawkat Hossain, Managing Director & CEO of BD Venture Limited have signed the agreement on behalf of their respective organizations.

Mr. Nasir A Choudhury, Adviser & Founding Managing Director; Mrs. Farzana Chowdhury ACII (UK), Managing Director and Chief Executive Officer; Mr. A.S.A Muiz, Consultant; Mr. Syed Moinuddin Ahmed, Additional Managing Director & Company Secretary from Green Delta Insurance Ltd.; and Mr. Mohammed Nasir Uddin Chowdhury Chairman of BD Venture Limited along with other Officials from both GDCL and BDVL were present during the occasion.

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