Calling All Student Entrepreneurs: Tell Us About Your Startup

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.


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

About FS

Contact Us

Shares