Dhaka — Bangladesh popular e-commerce brand Evaly will invest Tk 2 crore to Tk 5 crore to build a large organization from startups through local funding.
Mohammad Russell, CEO of EVALY, expressed such optimism at an online press conference on the future plans of the “Bangabandhu Innovation Grant (BIG) 2021” organized by the Bangladesh Computer Council’s Innovation and Entrepreneur Development Academy Establishment Project (iDEA) under the Information and Communication Technology Department on Wednesday.
The CEO of Evaly, said startups in Bangladesh have huge potential.
“It has more potential in the country’s technology sector. A lot of entrepreneurs started in this sector are also seeing the face of success. The government is also giving a lot of importance to this promising sector.”
“It’s very difficult to grow up without funding,” he said.
He also mentioned that the parameter of a good startup is funding will create a large market. The foreign investment will be interested in this funding only when local investment comes forward. We have already announced that there will be investment opportunities in startups and we will invest from Tk 2 crore to Tk 5 crore.”
Mohammed Russell noted that Evaly started from a startup. Corona has come up with something positive for e-commerce. But now we want to collaborate with other startups.
Besides, after e-food in the online business sector, the company is moving forward with e-jobs and e-health, he said.