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Sheba To Raise Close To $1m In Seed Funding

Sep 11, 2017

Sheba, Dhaka-based on-demand service marketplace, is about to raise close to $1 m in its seed funding round from a host of local investors and international VCs, according to multiple sources aware of the matter.

The sources declined to give any detail citing confidentiality.

The company is expected to make the formal announcement by the end of this month. Previously, the company raised a small round of seed.

Founded by Adnan Imtiaz Halim, Sheba was launched in 2015 and is one of the startups graduated from GP Accelerator’s first batch.

The company started with piloting its service in Mirpur DoHS area for a couple of initial months and now covers entire Dhaka City.

It connects service providers from a wide range of categories, including plumbing, electrical, catering, home arrangement etc, with the households and organizations that need such services.

Over the past months, it has partnered with several city authority such as Mirpur DOHS, as well as corporate houses such as BRAC Bank to provide dedicated service through its partners.

With the new investment, the company aims to ramp-up its growth push and expand to other regions in the country.

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