Accelerating Asia, a Singapore based venture capital fund and startup accelerator program that invests in high-growth pre-Series A startups from across the region, has formally announced its second cohort of 10 startups today, said a press release published on its website.
Out of 10 startups in Accelerating Asia’s second cohort of startups, 5 are from Bangladesh. The rest of the companies come from Australia, Indonesia, Malaysia, Myanmar, and Singapore.
The accelerator program is four-month-long with weekly activities in the first three months and a one-month period that includes programs in San Francisco and Silicon Valley and a demo day. Along with the supports, each startup also receives an additional S$100,000 in growth funding from Accelerating Asia’s venture arm. Below are five Bangladeshi startups that made it into this year’s cohort of the program.
| Company | Description | FS coverage |
| PriyoShop | An e-commerce platform enabling small town micro-entrepreneurs to sell a wide selection of authentic products to customers without having to invest in working capital stock and get access to affordable financing. | Read more |
| iFarmer | Delivers innovative financing for agriculture and farming by enabling secure investing for individuals and institutions and ensures a return on investment by providing market access and support services for partner farmers. | Read more |
| Hellotask | An app based platform that upskills domestic workers and connects them to employment opportunities as on-demand, verified maid services to households. | Read more |
| Romoni | A one stop destination of beauty and lifestyle needs of women and a credit facilitation platform for micro and women entrepreneurs in Bangladesh. | Read more |
| Nitex | Connects businesses to streamlined overseas production and standardised apparel sourcing for remote buyers by providing transparency and process optimisation. | Nitex |
