BD Venture Limited, country’s first venture capital firm, has recently invested in E-Desh Limited, an e-commerce logistics company, per a press release. Both companies have signed an agreement where Mr. Shafique-ul-Azam, Managing Director of BD venture Limited, and Mr. Zain Mohammad Yaseen, Managing Director of E-Desh Limited were present at the agreement-signing ceremony.
Maslin Capital Limited, Asian Capital Venture Limited along with some individual foreign investors also participated in this round.
E-Desh Limited wants to utilize this fund to increase local and global business, expand footprint, capacity and area coverage, and develop tech products related to logistics services.