Bangladesh traveltech firm bags $500k from government-sponsored fund

August 11, 2022

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ShareTrip, a Bangladesh-based online travel agent, has raised US$500,000 from Startup Bangladesh Limited, a government-sponsored VC firm.

The deal pushed the company’s total funding raised to date to around US$7 million.

Founded in 2014 by former Nokia executive Sadia Haque, ShareTrip was previously known as Travel Booking Bangladesh, rebranding to its current name in 2019. The online travel agent allows users to book flights, hotels, and events through its website and app. It also has a loyalty feature called TripCoin that can be obtained by playing games or booking a service on the platform.

Since its establishment, the startup has served more than half a million travelers and onboarded over 5,000 agents onto its platform. It currently has more than 150 employees.

In a statement, ShareTrip said that it currently has the largest share in the country’s online travel market. The company plans to use the fresh funding for international expansion.

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