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Post Google Launchpad Accelerator, Maya Raises Another Round of Investment

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Apr 10, 2018

Maya, the Dhaka-based anonymous messaging platform that calls itself an intelligent digital wellbeing assistant that connects users with real doctors and therapists, has raised an undisclosed amount of investment at a valuation close to $3m, according to a person familiar with the matter.

Previously, Maya raised an investment of BDT 4 crore from BRAC, the number one NGO in the world, at an undisclosed valuation. It recently graduated from Google’s Launchpad Accelerator Program as the first Bangladeshi startup.

Founded by Ivy Huq Russell in 2009, Maya has come a long way over the past years. It claims that it has served almost 700 thousand consultations through its messaging platform since 2017, has over 150 on demand experts on its platform and continues to experience a consistent growth. Apart from its on-demand experts, Maya is a team of 14 full-time people and is currently hiring for multiple positions.

Maya has been considering expansion for a while now. With the new investment, the startup is likely to expand to a few new markets. It already has a collaboration with Dialog, one of the leading telecom operators in Sri Lanka, that licensed Maya’s back-end technology. The company now eyes to make its service available to anyone from anywhere.

Maya Timeline:

2009: Started as a platform for women with an ambition to “empower women through access to information and a shared community.”

2017: Pivoted to a more general but pragmatic direction and became an “anonymous messaging platform that connects users to experts”. It now calls itself an intelligent digital wellbeing assistant that connects users with real doctors and therapist.

2017: raised an investment of BDT 4 crore from BRAC, the number one NGO in the world, at an undisclosed valuation early this year.

2017: Became the first Bangladeshi startup to attend Google’s Launchpad Accelerator Program

2018: Raised a new round of investment

Further reading on Maya: You may read our entire coverage collection on Maya here.

This is a developing story, we will update as soon as we get more information.

Ruhul Kader is a technology and business analyst based in Dhaka, Bangladesh. He is also the co-founder and CEO of Future Startup and author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about internet business, strategy, technology, technology policy, and society. He can be reached at [email protected]

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