The Startup Ecosystem of Bangladesh
Bangladesh has 1 city in the top 1000 and is one of South Asia’s best countries for setting up a startup.
COUNTRY RANKING
Bangladesh’s startup scene saw an increase in 2024 and jumped 6 spots from the previous year, outranking Panama.
Population
Million
Regional Ranking
In South Asia
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
Bangladesh, a country in South Asia bordering India and Myanmar, has a vast population that provides a large internal consumer market. The young, tech-savvy population has embraced ICT technology in areas like digital commerce, education, and healthcare. The national startup ecosystem in Bangladesh is a potential digital treasure in Asia that requires systematic country-level branding to attract more foreign investments and generate exposure. However, challenges such as limited access to funding, complex regulations, and limited global exposure hinder the ecosystem from reaching its full potential.
The public sector in Bangladesh supports the national ecosystem through initiatives like the IDEA Project, which offers ecosystem support services such as coworking spaces, funding, and legal assistance. To address infrastructure challenges, the Bangladesh Hi-Tech Park Authority has built 4 Hi-Tech parks, including the Bangabandhu Hi-Tech City, with more parks under construction.
In the investment landscape, Startup Bangladesh Limited, a government-backed VC, aims to nurture healthy startup ecosystems through partnerships with various ecosystem stakeholders. Bangladesh Angels, an NGO, connects entrepreneurs with global and local investors to support startup growth. However, more government support is needed to realize the country’s strong economic potential. This includes improving internet infrastructure, arranging corporate venture capital, establishing startup-friendly policies and regulations, and enhancing industry-academia collaboration to foster the growth of startups in Bangladesh.
Startups
Bangladesh Top Startup Industries
115 startups
73 startups
40 startups
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Ecosystem HealthCheck
Bangladesh Ecosystem Health Check
The health check tables allow you to look at the performance Bangladesh has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
Browse the startup ecosystem database of Bangladesh
Become our Bangladesh Ecosystem Partner
Startup Ecosystem Charts
Startup Funding in Bangladesh2017 - 2024
Startup Funding in Bangladesh 2017 - 2024
From 2022 to 2023, startup funding in Bangladesh has decreased by 71.71%. During this period, the number of deals in Bangladesh has decreased by 41.05%. Since 2017, total startup funding in Bangladesh exceeded US$ $1.03B.
Average Funding in 2023
$784.94K
Funding in 2023
$43.96M
Deals in 2023
56
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Bangladesh
Global Rank
Bangladesh is ranked within the top 100 startup ecosystems globally.
Top Industries
Bangladesh’s startup scene is best represented in Software & Data, Ecommerce & Retail, and in Edtech.
Top Cities for Startups in Bangladesh - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
1st 0 | 140th + 71 | 4.917 | 00.00 | 00.00 | 00.00 | |
2nd new | 1078th new | 0.092 | 00.00 | 00.00 | 00.00 | |
3rd new | 1169th new | 0.071 | 00.00 | 00.00 | 00.00 | |
4th - 2 | 1172nd new | 0.071 | 00.00 | 00.00 | 00.00 | |
5th new | 1191st new | 0.067 | 00.00 | 00.00 | 00.00 | |
6th new | 1219th new | 0.062 | 00.00 | 00.00 | 00.00 | |
7th - 4 | 1296th new | 0.043 | 00.00 | 00.00 | 00.00 |
Startups
Notable Startups in Bangladesh
BLOG
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