Startup Bangladesh Limited, the flagship venture capital company of the ICT Division invested in MedEasy, a leading online pharmacy startup in Bangladesh. This platform delivers authentic medicine at an affordable price all over Bangladesh.
An agreement was signed recently between the organizations in Dhaka to invest BDT 1 crore.
The agreement was signed in the presence of Md. Shamsul Arefin, Chairman of the Board of Directors of Startup Bangladesh & Secretary of ICT division.Managing Director of Startup Bangladesh Sami Ahmed, Head of Portfolio Investment Hasan A. Arif and Chairman of MedEasy Md. Nazmul Hossain and Managing Director of MedEasy M.M. Arefin Zaman and other stakeholders were present on the occasion.
MedEasy is one of the most popular digital health platforms in Bangladesh. Their primary focus lies in delivering authentic and affordable medicines to customers’ doorsteps, sourced directly from trusted manufacturers. In a short span of just two years, MedEasy has successfully won the trust of over 150,000+ users, a testament to their commitment to providing top-notch healthcare solutions to the masses. With access to a diverse panel of 100+ licensed doctors, the customers can avail themselves of convenient video consultations for a wide range of medical needs from the MedEasy App. Additionally, they provide the facility of home sample collection for lab tests, partnering with leading hospitals to ensure accurate and reliable results.
Startup Bangladesh is the flagship venture capital company of ICT Division. Under the visionary guidance of Honorable Prime Minister Sheikh Hasina, Startup Bangladesh – the only venture capital fund sponsored by the government of the people’s republic of Bangladesh started its journey on March 2020 with an allocated capital of BDT 500 crore. In this effort to enable the nation to innovate faster, Startup Bangladesh has decided to invest 1 crore BDT in MedEasy after recognizing the potential of this startup.
“The work that MedEasy is doing in the Healthtech industry is highly commendable and the investment from Startup Bangladesh on MedEasy will help it to reach out to more customers. I hope that they will be able to make a deep impact in Smart Bangladesh implementation as a Startup. The ICT Division is working diligently in changing policies that assist the emerging and growing startups in many aspects.” mentioned Md. Shamsul Arefin, Secretary, ICT Division and Chairman of the Board of Directors of Startup Bangladesh.
“Startup Bangladesh aims to support homegrown startups to grow and reach heights that generate higher standards for more foreign Investment. We believe that MedEasy provides a solution that the Bangladesh market greatly needs. With the right strategy and focus, MedEasy should be able to make remarkable impact in the lives of the people of Bangladesh.”, said Sami Ahmed, Managing Director, Startup Bangladesh Limited.
M.M. Arefin Zaman, Managing Director of MedEasy said, “We are excited to have Startup Bangladesh Limited join our seed round along with some reputed international investors. Their investment and support will help us accelerate our growth and improve customer experience.”
Startup Bangladesh in its effort to build a vibrant startup ecosystem that nurtures digitalization, has been investing in most promising and impactful startups in Bangladesh and has continued that tradition by investing in MedEasy.