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Funding Round-up: Chaldal, Sokrio, Tiger New Energy Raise New Capital

BVCL invests Tk 2.5 crore in Chaldal and Sokrio. Bangladesh Venture Capital Limited (BVCL) announced on 25th June that it has invested TK 2.5 crore in two Bangladeshi startups: Chaldal and Sokrio. Why it matters: The investment signals growing support for Bangladesh's...
SWAP acquires 49% stake in BDHotDeals, SWAP’s strategic goal

SWAP acquires 49% stake in BDHotDeals, SWAP’s strategic goal

Dhaka-based recommerce startup SWAP announced early this month that it has acquired a 49% stake in the drop-shipping platform BDHotDeals. BDHotDeals allows customers to buy authentic branded products from overseas and in Bangladesh. The move comes at a time when SWAP...

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Singaporean neo-bank IN Financial Technology acquires MyCash

Singaporean neo-bank IN Financial Technology acquires MyCash

IN Financial Technologies (INFT), a community-driven neo-Bank, headquartered in Singapore, announced in a press note last month that it has fully acquired MyCash, a Singapore-based international money transfer company focused on migrant workers. The companies did not...

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Stock turnover drops to one-year low

Stock turnover drops to one-year low

Turnover at the Dhaka Stock Exchange (DSE) hit one-year low today while the index remained flat. The DSEX, the benchmark index of the DSE, dropped 3 points, or 0.04 per cent, to 6,696 at the end of the day. Turnover, an important indicator of the market, fell 1.8 per...

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