Future Startup Weekly No. 20: SWAP, IDLC VC Fund, GP Accelerator, wagely, ToguMogu, Truck Lagbe

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Oct 17, 2021

Partner: IDLC Finance Partner

Future Startup Weekly No. 20: SWAP, IDLC VC Fund, GP Accelerator, wagely, ToguMogu, Truck Lagbe

IDLC Online Deposit allows customers to create accounts with IDLC and make deposits from anywhere, anytime, which means you will never have to visit an IDLC Branch again to create a deposit account. Learn more and try.


Grameenphone Accelerator Program Opens Applications for New Cohort, Aims to Empower Startups From Across Bangladesh

Grameenphone Accelerator Program (GPA), country’s first accelerator program that provides comprehensive support to early-stage startups, is accepting applications from startups across Bangladesh for its Cohort 7. If you are building a startup and looking for a program that will set you up for success, GPA claims that you should apply for the program. 

On IDLC Venture Capital Fund, Investing in Startups in Bangladesh, and Lessons in Work, Management and Life With Syed Javed Noor, Deputy Managing Director, IDLC Finance Limited

Syed Javed Noor is the Deputy Managing Director of IDLC Finance Limited, the largest NBFI in Bangladesh. As part of his job at IDLC, Mr. Noor looks after an expansive portfolio and teams comprising Wealth Management, Treasury, Strategy, Change Management, Corporate Advisory, and Venture Capital Initiative of IDLC. He is also a Director of two subsidiaries of IDLC Group: IDLC Securities Limited and IDLC Investments Limited. Mr. Noor has over 20 years of stellar experience in the Banking Sector and worked for some of the most prominent brands in the industry across operations. 

In this excellent interview with Future Startup’s Ruhul Kader, Mr. Noor reflects on how passion for work and learning shape our career and life, talks about his banking career and his work at IDLC, how IDLC’s venture capital initiative came into being, how the fund operates and the ambition of the fund going forward,

How Truck Lagbe Has Built a Distinct Culture Around Empathy, Empowering People, and Humane Values

“If you invest in your people, they will grow and if you care for your people, they will care for you and will walk with you and walk for you,” says Maksud Alam Rifat, Director of HR and Culture at Truck Lagbe. Based on that axiom and understanding, digital trucking startup Truck Lagbe has built a culture to attract, retain, and develop top talents to transform one of the most difficult industries in Bangladesh with technology. This story illustrates how Truck Lagbe does it.  

Re-commerce Startup SWAP Raises $1.25 Million In Seed Funding, Looks to Double Down On Growth

SWAP, Bangladesh’s first re-commerce platform, announced that it has raised $1.25 million in Seed Funding, led by Accelerating Asia with participation from ZA Capital Advisory, Bangladesh Angels and Southeast Asian angel investors.

Walton Partners with ToguMogu, Employees Will Have Access to ToguMogu Services

Walton, country’s leading manufacturer in the field of electrical, electronics, automobiles, and other appliances has recently signed a partnership agreement with ToguMogu Pvt. Limited, a Dhaka-based one-stop parenting platform. Under the partnership, WALTON employees will get dedicated parenting support, special offers, and services from ToguMogu Parenting App.  

Indonesian Financial Wellness Startup Wagely Launches in Bangladesh

Indonesian financial wellness startup wagely announced that it has entered Bangladesh, launching with over 50,000 workers across some of the largest apparel manufacturers in the country including SQ Group, Youth Group, and Classic Composite, per a press release. Wagely helps companies to allow employees to access their “already earned but unpaid wages to reduce financial stress and boost their productivity, motivation, and retention.” The expansion makes it Indonesia's first financial wellness platform to expand its services to Bangladesh. 


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