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r-ventures 3.0 ends with investment worth Tk 8cr

Robi’s flagship digital entrepreneurship platform, r-ventures 3.0 has concluded with the holding of the Grand Finale program at the Capital’s Sheraton Hotel on March 7, a press release said Wednesday.

A total of 11 digital start-ups took part in the Grand Finale. 4 digital start-ups received more than 2 crore taka worth investment from RedDot Digital Limited, a subsidiary IT company of Robi Axiata Ltd and sponsor of r-ventures private equity fund. SBK Tech Ventures and Angel Investor, Kaniz Almas Khan have also pledged to invest 3 and a half crore taka in 4 start-ups beside RedDot Digital Ltd. Startup Bangladesh Limited, the Venture Capital Fund of ICT Division also pledged to invest a total of two and a half crores taka to the start-ups.

ICT State Minister, Mr. Zunaid Ahmed Palak handed over the investment cheque to the entrepreneurs. Robi’s Chief Commercial Officer, Shihab Ahmad, Reddot Digital’s CEO, Hasib Mustabsir,  r-venture 3.0 officials, investors and media personnel were also present on the occasion.

ICT State Minister Junaid Ahmed Palak has announced an investment of 10 lakh taka from the ICT Division to all the top 11 teams including Mile from GreenTech/Mobility, Recycle Jar Ecosystem from Circular economy/Cleantech and Relaxy Limited – health tech industry.

The ideas were selected based on the strength and uniqueness of concept, business model, financial projections, and overall impact into the society.

Robi organized the first phase of r-ventures in 2017 with a view to building digital entrepreneurship among its employees. In view of that success, the company launched r-ventures 2.0 in 2019 providing opportunities to everyone aspiring to become a digital entrepreneur.

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