finance
ShopUp Leads Dhaka Startup Surge with $75M Series B, PulseTech Secures $3M
Two Dhaka-based startups raise significant funding, as the ICT Division launches a national platform to support entrepreneurs.
How we reported this
Dhaka's startup ecosystem is seeing a surge of activity, with two local companies closing substantial funding rounds and the government launching a new digital platform for entrepreneurs. ShopUp, a B2B commerce platform, raised $75 million in Series B funding to expand its operations and serve 2 million retailers across Bangladesh, according to reports.
ShopUp's $75M Series B to Scale B2B Commerce
ShopUp, headquartered in Dhaka, has secured $75 million in Series B funding to scale its B2B commerce platform. The company aims to serve 2 million retailers across Bangladesh, a move that highlights the growing demand for digital supply chain solutions in the country. The investment reflects confidence in the local startup scene and the potential for technology to transform traditional retail.
PulseTech's $3M Pre-Series A for Counterfeit Medicine Fight
PulseTech, a Dhaka-based health-tech B2B platform focused on eliminating counterfeit medicines, raised $3 million in pre-Series A funding. The round was co-led by Vietnam's AVV and Singapore's Iterative. PulseTech's technology aims to tackle the pervasive issue of fake pharmaceuticals, which poses serious health risks across Bangladesh. The funding will help the company expand its verification network and onboard more pharmacies and distributors.
Government Launches National Startup Platform
On July 14, 2026, the ICT Division launched the National Startup and Entrepreneurship Platform in Dhaka. The platform provides entrepreneurs with a single digital access point for government support, training, and investment opportunities. This initiative is expected to streamline access to resources and foster a more connected startup ecosystem. The platform's launch coincides with Dhaka Startup Week, which showcases emerging ventures and connects founders with investors.
The recent funding rounds and government support underscore a broader push to strengthen Bangladesh's innovation economy. With ShopUp and PulseTech leading the way, Dhaka's startups are attracting increasing attention from regional and global investors.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.