With a major start-up movement in place, 2014 can definitely be termed as the start-up year. This is the year that saw many start-ups gaining recognition and generating a feasible revenue stream. Today Dhaka has become a major hub for start-ups in South Asia and many have shown incredible promise and prowess in bridging the gap between customer needs and business.
2015 therefore awaits more successes and failures for these companies. Some will transition into the next year with ease and will achieve brand recognition, while others will make mistakes and learn from them. Fortunately, the environment has never been better in Dhaka to begin your own business and exercise your flair for some challenges through entrepreneurship.
In this list, not in any particular order, we have compiled the five start-ups we should definitely look out for in the first half of 2015. These are the businesses that GradConnect thinks will rear their heads out of their garages and achieve recognition and sustenance in the market.
Panacea Systems Ltd
Panacea is basically an ICT solutions provider formed as the amalgamation of several tech junkies who came together with a vision to develop home-grown tech solutions for Bangladesh’s gigantic market. It achieved widespread recognition recently after proposing an extremely innovative and feasible solution for tackling the $130m counterfeit medicine industry of Bangladesh at the GIST Bootcamp Dhaka 2014. The team has also been invited to attend the GIST Global Bootcamp 2014 at Washington DC.
WebAble started its journey only this year with a bright young team of tech-savvy professionals, talented online artists and content marketers. Yet, even in this short while they have captured quite the mindshare when it comes to building brands over the social media.
LightCastle Partners was set up by four young visionaries who left behind their comfortable careers in corporate banking of multinational banks like HSBC, Standard Chartered and Citi to set up their own business analytics firm. Probably one of the first few of its kind in Bangladesh, LightCastle Partners aims to shape future business practices and thoughts by providing a stream of consultancy services based on business analytics and big data.
This leading e-commerce site is currently leading the rapidly growing Bangladeshi online grocery and home delivery marketplace. Founded by Waseem Alim, Zia Ashraf and Tejas Viswanath, this e-commerce site raised its seed funds from the California based venture capitalist firm 500 Startups. As the domestic internet penetration soars and the government undertakes ambitious plans to bring the entire country under the roof of the worldwide web, chaldal.com will be able to take advantage of its first-mover privilege in this huge market.
NewsCred/Inc can’t exactly be called a start-up, since it has been here for around six years now. Offering high quality content marketing solutions, NewsCred’s clients include well-known global brands such as Pepsi, Zurich Insurance and Orange Telecom. With offices in New York and Dhaka, so far the company has raised around $20m in two rounds of investments in the United States. By using the most up-to-date technology and enhanced online marketing services, this firm surely has a very bright future ahead for the better part of next year.