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FS Weekly #10: The Interesting Hidden Pattern Among Tech Startups in Bangladesh

There is a pattern among tech startups in Bangladesh: almost every tech startup is looking to build an aggregator of some sort.

In today’s newsletter, we feature two companies looking to disrupt two traditional industries using the power of tech: Truck Lagbe and Arogga. Both companies started with one tiny vertical in their respective industries and now looking to go deeper.

Take Arogga, the healthtech startup that started as an online pharmacy delivering prescription drugs. After several hundred million dollars in funding, the company now looks to expand into other areas of digital healthcare such as doctor consultation, testing, and so on.

The same is true for Truck Lagbe. The digital trucking startup enjoys a first-mover advantage in the vertical and has built a solid footing. It now aims to take advantage of that and build a marketplace for products and services related to trucking within its app.

Truck Lagbe and Arogga are not alone. Almost every tech startup is looking to use their existing market power to expand into new verticals if you are paying attention. How this strategic ambition plays out for different companies depends on a lot of different things and can be a topic for a separate discussion, but it is interesting to see this development.

Tech startups in Bangladesh
Truck Lagbe CEO Anayet Rashid | The company seeks to build an aggregator in trucking

On to today’s update.

0. Aarong, BRAC's Social Enterprises, and Life: An Interview With Tamara Hasan Abed, Senior Director, BRAC: A sublime, intellectually inspiring, and an altogether brilliant read from our archive.

1. Anayet Rashid on the Evolution and Ambition of Truck Lagbe: Truck Lagbe co-founder and CEO, Anayet Rashid, shares about the latest developments at the fast-growing digital trucking startup, Truck Lagbe’s growth, evolving product and operation, strategic ambitions, and priorities for 2021 and much more.

2. The State of Logistics in Bangladesh 2021 (Part 01): A new generation of logistics companies, built on the back of the fast-growing e-commerce industry, is transforming logistics in Bangladesh as we know it.

3. How Chaldal Has Built the Fastest Growing Online Mango Delivery Service In Bangladesh: Chaldal started toying with selling Mango online in 2019. Over the past two years, the company has invested in building a strong supply chain and process resulting in excellent growth this year.

4. Arogga Looks to Go Deeper Into Digital Healthcare in Bangladesh: Healthcare is an integrated service which means services such as doctor consultation, lab testing, and other similar services are interconnected and allows for aggregation. Arogga looks to take this advantage to build out more services and scale into adjacent verticals.

5. Financial Institutions are Embracing Technology in Bangladesh: Two forces, penetration of technology and trust in tech for financial services, are going to transform how organizations deliver financial services and users access financial services in the coming years.

Ideas from around the web

# Luxury belief (good read). Link

# Stripe: Thinking like a civilization. Link

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 [email protected]

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