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LCP Eyes Expansion Beyond Bangladesh

LightCastle Partners, the Dhaka-based research and data analytics firm, has experienced a consistent growth over the past few years. Started in 2013, “with a vision to educate the local market about the significance of data in the day-to-day to business decisions”, LCP had to pivot to a more realistic direction, which was research and then consultancy, due to a lack of product-market fit at that time. Things have changed over the last five years. LCP has not only built a strong business around research and consultancy, it has also successfully entered the data analytics business, launched a training business and an impact investment wing. Today, it aspires to be more. In an interview with Future Startup, LightCastle Partners Managing Director, Ivdad Ahmed Khan Mojlish, shared LCP’s ambition to explore regional expansion.

“We are working on putting our footing in the global market. The types of services that we are providing have markets outside Bangladesh,” said Ivdad Ahmed Khan Mojlish. “To that end, we have initiated talks with organizations in countries like Nepal, Pakistan, and India. We hope to see some developments soon.”

LCP already has some international exposure. It has collaborated with organizations like Boston Consulting Group (BCG), PricewaterhouseCoopers (PwC), Ricardo Energy and Environment in projects, mostly related to Bangladesh market. However, this knowledge could easily be replicated to other markets as well. It seems the time for that has come.

Mohammad Ruhul Kader is a Dhaka-based entrepreneur and writer. He founded Future Startup, a digital publication covering the startup and technology scene in Dhaka with an ambition to transform Bangladesh through entrepreneurship and innovation. He writes about internet business, strategy, technology, and society. He is the author of Rethinking Failure. His writings have been published in almost all major national dailies in Bangladesh including DT, FE, etc. Prior to FS, he worked for a local conglomerate where he helped start a social enterprise. Ruhul is a 2022 winner of Emergent Ventures, a fellowship and grant program from the Mercatus Center at George Mason University. He can be reached at ruhul@futurestartup.com

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