Evaly to invest Tk 50m in local startups

Staff Correspondent

13 June, 2021 12:00 AM printer

Evaly has expressed its interest to invest in local startups worth Tk 50 million.  The company has stated that it will begin making such investments under the ‘Bangabandhu Innovation Grant-2021', said a press release.

 Evaly released the information in a press statement on Thursday.

According to reports, Evaly has chosen to invest Tk 2 to 5 crore in the BIG's local startup, which will begin operations on June 12.

BIG is launching in Bangladesh for the first time, with 65 startups from home and abroad. Evaly.com.bd is one of the event's sponsors.

Wishing BIG's success and about investing in local startups, Mohammad Rassel, founder and Chief Executive of Evaly said “Bangladesh has come a long way in the technology field, under the leadership of Prime Minister Sheikh Hasina's ICT Adviser Sajeeb Wazed Joy's guidance and the constant supervision of State Minister for ICT Zunaid Ahmed Palak.’

Meanwhile, State Minister for ICT Zunaid Ahmed Palak recently praised local technology companies including Evaly. Speaking at a press conference organized by BIG, Palak said, "In today's Covid-19 tragedy, entrepreneurs are offering services to people's homes.

Startups like Evaly have set a precedent for success. They have recently stated that they will invest Tk 5 crore. By registering in Silicon Valley, Walton has also crossed the country's boundary. Large corporations are now interested in making angel investments.

 Every high-tech park in the country is providing free co-working space for six months to help startups grow. Startup Bangladesh is establishing an entrepreneurial campus to train young people from all around the country to become entrepreneurs.

Evaly has recently acquired flight expert, a popular online marketplace for travel and air ticketing.