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Meet The 5 Bangladeshi Startups That Made It To Accelerating Asia's Second Cohort

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 
RomoniA one stop destination of beauty and lifestyle needs of women and a credit facilitation platform for micro and women entrepreneurs in Bangladesh.Read more 
NitexConnects businesses to streamlined overseas production and standardised apparel sourcing for remote buyers by providing transparency and process optimisation. Nitex 

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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