IDLC Venture Capital Fund I
We are the first operational venture capital fund registered with the Bangladesh Securities and Exchange Commission. We are a ~USD 4 million sector-agnostic fund.
We invest in early-stage tech startups in Bangladesh that
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are solving fundamental problems
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have an easy-to-understand business model
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are operating in a large market
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have passionate founders
Agriculture
Agriculture contributes to 11% of Bangladesh’s economy with over 40% of its population working in this sector, making it one of the key sectors for Bangladesh.
The archaic nature of the industry leaves room for innovation and technology in its supply chain, to improve the lives of its stakeholders. Over 85% of farmers are smallholder farmers who lack access to markets, infrastructure, and technology. On the other side of the coin, food security has been a key concern.
Agri technology and supply chain solutions that can empower smallholder farmers and ensure food security can disrupt the industry.
Portfolio
iFarmer is an agri supply chain startup enabling access to markets, inputs, and finance for farmers
Portfolio
Pickaboo is an e-commerce focused on Smartphones and Electronics
E-Commerce
E-commerce has an estimated market size of USD 6.4 Billion in Bangladesh. Bangladesh’s per capita income has grown exponentially over the last decade and the economy is showing early signs of becoming a strong consumer market.
E-commerce businesses with strong distribution networks and authentic products are expected to become leading market players.
Healthcare
Bangladesh's healthcare sector has the potential to improve across the value chain. By 2023 around 22.3% of the population will be over 50.
Access to medicine and healthcare products is the first piece of a larger puzzle. The people of Bangladesh spend around 64% of their healthcare expenses on drugs.
Access to a wide variety of authentic medicine across the country is a key challenge that needs to be solved
Beyond that, access to diagnostic and medical services is another hurdle the healthcare sector faces.
Portfolio
Arogga is democratizing access to authentic healthcare-products and medicine in Bangladesh
Portfolio
Truck Lagbe aggregates trucks through its marketplace.
Logistics
Bangladesh’s logistics market is fragmented with multiple players, the majority of them being small fleet owners. The demand-supply mismatch and seasonal fluctuations are key causes of inefficiency in this industry.
Marketplaces and platforms that can aggregate small-sized fleet owners, can provide better pricing for end users and more trips for fleet owners.
SaaS
Internet penetration and access to digital devices has catapulted Bangladesh's technology adoption. Policy makers are placing Smart Bangladesh Vision 2041 at the core of all of its intiatives.
Bangadesh requires companies that can build its digital infrastrucutre that are rich in data. Companiers offering access to essential data and digital solutions can enable Bangladesh reach its vision of being a digitally enabled economy.
Portfolio
Barikoi builds maps for businesses to streamline its logistics operation
