RedDot Digital, a wholly-owned ICT focused subsidiary of Robi Axiata Limited, has unveiled a private equity fund named, R-Ventures, to promote digital entrepreneurship in the country recently, said a press release from the company.
The fund will work as an Alternative Investment Fund (AIF) and will be registered under Bangladesh Security Exchange Commission (BSEC).
The release said, an agreement signing ceremony took place among RedDot Digital, SBK Tech Ventures and Green Delta Insurance Company Limited regarding this. RedDot Digital’s managing director, Dr. Asif Naimur Rashid and founder of SBK Tech Ventures, Sonia Bashir Kabir signed the agreement on behalf of their respective organizations.
The release also said, RedDot Digital will act as the sponsor of the AIF, while SBK Tech Ventures will act as the general partner or the fund manager. Green Delta Insurance Company, as trustee of the private equity fund, shall act as guardian of the fund. IDLC Investments Limited and ACNABIN shall perform the roles of valuer and auditor respectively.
BSEC Chairman, Professor Shibli Rubayat-Ul-Islam attended the signing ceremony as the chief guest. BSEC Commissioner, Dr. Shaikh Shamsuddin Ahmed was present as the special guest at the launching event, the release read.
