Astha IT Secures Multi-Million Dollar Investment from Fakir Fashion Limited, Forges a Strategic Alliance

May 29, 2024

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Astha IT, Bangladesh’s leading tech company, has secured a multi-million dollar investment from Fakir Fashion Limited, a prominent market leader in the country’s RMG industry. This strategic partnership aims to leverage the strengths of both companies to drive innovation and accelerate digital transformation across various sectors globally.

The partnership was formalized through a signing ceremony on Tuesday, May 28, 2024, held at the capital’s Six Seasons Hotel. Key members from both organizations, important figures from various prominent brands in the country, BKMEA Vice President Fazlee Shamim Ehsan, BASIS President Russell T Ahmed, and BASIS Senior Vice President M Rashidul Hasan were present at the event.

Astha IT, an ISO-certified software development firm, specializes in building scalable and innovative technology solutions. With over 15 years of experience and a team of over 500 talented professionals, the company has a proven track record of delivering successful projects for governments, large enterprises, and startups worldwide. Astha IT’s expertise spans AI, DevOps, cloud computing, and cutting-edge software development.

Astha IT CEO, Hasnaeen Rizvi Rahman, expressed excitement about the recent funding, stating, “This alliance will extend our global horizons to an endless extent. We are looking forward to spreading our wings all over the world.”

Fakir Fashion Limited, a market leader in the fashion industry, is renowned for its high-quality apparel and accessories. The company has a strong presence across Bangladesh and has been at the forefront of driving digital transformation within the fashion sector. Fakir Fashion Limited’s investment in Astha IT signifies its commitment to leveraging technology to contribute to developing the country’s IT infrastructure while serving the world.

“Together, I believe we will leverage our collective expertise, creativity, and passion to transform great ideas into groundbreaking realities,” emphasized Fakir Kamruzzaman Nahid, Managing Director of Fakir Fashion Limited.

This successful funding round and strategic alliance mark a significant milestone for both companies. The partnership is poised to develop innovative digital solutions that address the evolving needs of the new era, making advanced technologies and Artificial Intelligence an integral part of daily life and establishing a globally renowned local brand.



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