Accelerating Asia, in partnership with Bangladeshi Angels & ShopUp, recently hosted an event aimed at nurturing the growth of the country’s startup ecosystem. The event, which was held at ShopUp’s headquarters in the capital’s Mohakhali, was held over two days on 31st July and 1st August.
Accelerating Asia Pitch Night: Dhaka Edition was held on Day 1 of the event. Aspiring startup founders were provided a unique opportunity to pitch their ideas to the Accelerating Asia team, potentially securing a prominent spot in the investment selection process. The grand prize – a Golden Ticket, was awarded to PulseTech for progression to the interview stage for Accelerating Asia Cohort 9. As part of this cohort, startups receive all-encompassing accelerator services, including up to US $250k in investment.
The 2nd part of the event, the Accelerating Asia Investor High Tea: Dhaka Edition, held on August 1st, was an exclusive networking platform for investors. Attendees had the chance to meet Ms. Amra Naidoo, Co-founder and general partner, Accelerating Asia, connect with Dhaka-based portfolio companies, and engage with other investors and partners.
Speaking about the event, Shaheen Siam, Founding member and Chief Strategic Officer at ShopUp said, “It has been an honor and a pleasure to host Accelerating Asia and Bangladesh Angels at our premises. ShopUp is committed to driving positive change in the broader startup ecosystem of Bangladesh, fostering connections and promoting an innovative, inclusive ecosystem.”
ShopUp is the largest full-stack B2B commerce platform in Bangladesh, offering a range of services to small businesses and consumers. The company operates the largest last-mile logistics network in Bangladesh and has raised over $200 million in investments from global investors.
Accelerating Asia, a licensed VC accelerator by the Monetary Authority of Singapore, operates transformative programs for early-stage startups. With an emphasis on untapped potential, the firm invests up to US$250,000 in pre-Series A startups across ten countries in Southeast and South Asia. Accelerating Asia’s startups, known for their robust growth and success, have raised S$30M post-graduation, embodying the firm’s belief in entrepreneurs as catalysts for positive change.
For more information on ShopUp, visit: https://shopup.org
