COVID-19 Impact On The Startups of Bangladesh

Abstract

Since March of 2020, Bangladesh is experiencing the wrath of COVID-19 pandemic. As business shut down due to the lockdown, the entire startup ecosystem has been shaken to its core, threatening thousands of startups that create over a million jobs. To understand the impact further, LightCastle Partners commissioned an independent study – “COVID-19 Impact on the Startups of Bangladesh”. The survey was conducted in late April with responses from over 200 startups from Bangladesh.

Bangladesh Startup Ecosystem at a Glance: 

  • There are over 1,000 startups in the ecosystem currently providing employment to an estimated 1.5 million people. 
  • As of today, Bangladeshi Startups have attracted over U$ 200 million in international venture capital.
  • Currently, the most popular growth sectors in Bangladesh are Logistics, RideSharing, and Fintech.

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