BUET grad’s robotics startup secures USD 45mln in funding

BUET grad’s robotics startup secures USD 45mln in funding

GrayMatter Robotics, co-founded by BUET graduate Ariyan Kabir, has raised USD 45 million in Series B funding led by Wellington Management, a Boston-based investment firm. Headquartered in Los Angeles, GrayMatter Robotics tackles surface treatment and finishing...
Fintech startup Elevate secures investment worth $5 million

Fintech startup Elevate secures investment worth $5 million

Elevate, a fintech startup based in London and Dubai, has secured an investment of $5 million aimed at expanding its presence in South Asian markets, including Bangladesh. The startup offers a simplified method for receiving USD payments from international employers...
Bangladeshi employment platform gets $1m boost from Cocoon Capital

Bangladeshi employment platform gets $1m boost from Cocoon Capital

According to B2B employment platform Shomvob, hiring continues to be a problem for over 650,000 firms and SMEs in Bangladesh. These firms struggle mainly because of outmoded paper-centric systems and disorganized data, causing productivity to drop by 30%. Meanwhile,...
Chinese company to invest $22.92 million in Bepza EZ

Chinese company to invest $22.92 million in Bepza EZ

Chinese company Sanxin Accessories MFC BD Ltd will invest $22.92 million to set up an interlining and garment accessories unit at the Bepza economic zone of the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram. The company plans to produce interlining,...
Bangladesh ranks 29th among top countries for hiring freelancers

Bangladesh ranks 29th among top countries for hiring freelancers

Bangladesh has been ranked 29th out of 30 countries for hiring freelancers in a recent report by CEOWORLD Magazine, with a score of 46.92. USA, India and the UK were ranked as the top three countries with scores of 97.46, 95.71 and 94.81 respectively. China and...

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