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Keynote | M Asif Rahman
State of Startup: Bangladesh 2020
Asif.im
Session: Growing Bangladeshi Startup Scene
❖ Serial Entrepreneur
❖ Angel Investor
❖ WordPress Enthusiast
M Asif Rahman
My Brands
My Investments
State of Bangladeshi Startups
Source: Lightcastlebd
Food Delivery Is Heavily Subsidies
The Rise of Co-Working Space in Dhaka
Evaly Disrupted, Already Making Troubles for
Ecommerce Sector (Not in Good Way)
Multiple Startups Shutdown
Many Startups facing Finance Issue
Series-B Seems The Hardest Phase for
Bangladeshi Startups
Startup Investment From Local Source
2019: $ 6 Million USD
2018: $ 2 Million USD
Source: LightCastle Partners
Total Reported Startup Investment
2019: $ 15 Million USD
2018: $ 27 Million USD
Source: LightCastle Partners
Most Funded Startups in Bangladesh
Total Number of Registered
Alternate Investment Fund Managers
Mobile has 80%+ Penetration
Telco (Mobile Operator) Are Heavily
Dominating Accelerator Space
App Based DFS (Digital Financial Service) Expected
To Grow Very Heavily in 2020 & Beyond
Overall Ecosystem is Growing Fast
Source: Lightcastlebd
Ecosystem Builders
Source: Lightcastlebd
The Investors
Source: Lightcastlebd
Startup Sentiment!
Source: Lightcastlebd
Actively Investing in
Bangladeshi Startups Since 2012
Here Are The Things I Have Learned!
Top 5 Reasons
Why Startups Succeed
in Bangladesh
1. People & Their Passions!
2. Talented & Young Individuals
3. Remarkable Mentors & Angels
With Real Experience
4. Timely Investment & Good Cash Flow!
5. Most Importantly Vibrant &
Ready-to-explore Nation
Top 8 Reasons
Why Startups Fail
In Bangladesh!
1. Startup Fails Because of People!
2. Lack of Proper Education
3. Not Properly Understanding
The ‘Long Game’
4. Keeping a second option,
not willing to bet all on the Startup!
5. Not Being Honest &
Not Doing Accounting Properly!
6. Unrealistic Expectation
7. Lack of Follow Up Investment
8. Manipulative part of
the ecosystem
<Thank You>
Asif.im
/asif2bd

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State of Startup: Bangladesh 2020

Editor's Notes

  1. Add Nx, Easy.jobs, EA Logo
  2. lightcastlebd
  3. All Food Delivery company logo
  4. Cookup, ekhanei
  5. Logo of Startups: HungryNaki, Pickaboo
  6. Source: https://www.lightcastlebd.com/insights/2020/01/26/activating-venture-capital-in-bangladesh
  7. Source: https://www.lightcastlebd.com/insights/2020/01/26/activating-venture-capital-in-bangladesh
  8. bKash, Shohoz, Pathao, Chaldal, Sheba, Sindabad, eCourier, Shopup, SOLShare, Deligram Source: https://futurestartup.com/2019/03/18/meet-9-top-funded-startups-and-tech-companies-in-bangladesh/ More resources - https://futurestartup.com/2019/11/30/the-state-of-bangladesh-startup-funding-2019/
  9. Logo of GP Accelarator, rVenture & BanglaLink IT Incubator
  10. Logo of GP bKash, Nogod, DMoney Source: https://www.lightcastlebd.com/insights/2018/12/12/expanding-role-of-institutional-players-2
  11. Source: https://www.lightcastlebd.com/insights/2020/01/02/bangladeshs-startup-ecosystem-coming-of-age
  12. Source: https://www.lightcastlebd.com/insights/2020/01/02/bangladeshs-startup-ecosystem-coming-of-age
  13. Source: https://www.lightcastlebd.com/insights/2020/01/02/bangladeshs-startup-ecosystem-coming-of-age
  14. Source: https://www.lightcastlebd.com/insights/2020/01/02/bangladeshs-startup-ecosystem-coming-of-age