Startup Bangladesh Limited Announces BDT 1 Crore Investment in Pulse Tech Ltd. to Enhance Retail Pharma Operation in Bangladesh

April 25, 2024

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In a significant move to advance digital healthcare technology in Bangladesh, Startup Bangladesh Limited, the premier government-backed venture capital firm under the ICT Division, announced that it has invested BDT 1 crore in Pulse Tech Ltd.

The formal announcement was made during a signing ceremony in Dhaka, attended by notable figures including Md. Shamsul Arefin, Chairman of the Board of Directors at Startup Bangladesh and Senior Secretary of the ICT Division; and Sami Ahmed, Managing Director of Startup Bangladesh. Also, Arefeen Raafi Ahmed, Co-founder and Managing Director, and Kazi Ashikur Rasul, Co-founder and CEO of Pulse Tech Ltd were present along with senior management of Pulse Tech Ltd.

Pulse Tech Ltd. is acclaimed for its trailblazing solutions for the retail pharmaceutical industry in Bangladesh. They are providing retail pharmacies with an all-in-one B2B SaaS platform to seamlessly source products, manage inventory, and track all transactions in a hassle-free digital environment. The company is working on a mission to remove counterfeit and expired products from the market by deploying an end-to-end solution. Their primary focus is to transform the retail pharmacy into a one-stop hub for all healthcare needs with the help of digital solutions. They have already enabled the retail pharmacy for diagnostic test booking, telemedicine, and medicine supply to the surrounding area, and are working on a few other services as well. The company has demonstrated rapid growth and a steadfast dedication to excellence in its field.

Md. Shamsul Arefin emphasized the strategic nature of the investment, noting, “Investing in Pulse Tech Ltd. is a calculated step towards enhancing our national healthcare infrastructure. Through this investment, we aim to empower Pulse Tech to further innovate and broaden its services in the retail pharma industry, which are pivotal for the advancement of healthcare technology in Bangladesh.”

Sami Ahmed, Managing Director of Startup Bangladesh, shared his perspective on the partnership, saying, “We believe in the transformative power of technology and are proud to partner with Pulse Tech as they spearhead digital healthcare innovation. Our investment reflects our confidence in their vision and our commitment to nurturing startups that are crucial in driving technological advancement and economic growth.”

With this new influx of capital, Pulse Tech is poised to accelerate the development of their technologies and expand its operations, focusing on enhancing the efficiency of retail pharmacies and accessibility of authentic medicines throughout the country. The investment from Startup Bangladesh is expected to significantly impact the healthcare sector by providing cutting-edge solutions that meet the evolving needs of the Bangladeshi population.

Arefeen Raafi Ahmed, Co-founder and Managing Director of Pulse Tech ltd. said, “We are thrilled to have Startup Bangladesh as our newest investor. Their guidance and support will play a crucial role in helping us achieve our organizational goals and make a positive impact on Bangladesh’s retail pharmaceutical industry and healthcare landscape.”

This strategic partnership between Startup Bangladesh and Pulse Tech Ltd. signifies a pivotal advancement towards a more technologically equipped and health-conscious smart Bangladesh.

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