Accelerating Asia Ventures has selected four Bangladeshi startups for its tenth cohort, reflecting the region’s strong presence in this highly competitive program. The cohort, with an acceptance rate of only 1.8%, features startups from various sectors which aim to improve their industries with new technological solutions. 

The selected startups are:

• Chhaya: This startup is developing tech-enabled micro-insurance in Bangladesh, increasing accessibility through digital solutions.
• Palki Motors: As Bangladesh's first manufacturer of electric vehicles, Palki Motors is focused on introducing eco-friendly cars and trucks to the local market.
• Pulse Tech: A B2B e-commerce platform for retail pharmacies, Pulse Tech aims to enhance pharmaceutical supply chains.
• Relaxy: Focused on mental health, Relaxy offers services combining community support, AI technology, and professional therapy to make mental health care more accessible.

These startups represent a diverse array of sectors including insurance, automotive manufacturing, e-commerce, and health services, showcasing the dynamic entrepreneurial landscape of Bangladesh. Each startup is set to receive mentorship and support from Accelerating Asia Ventures to further develop and scale its operations, as well as US$100K in funding. 

Craig Bristol Dixon, Co-Founder and General Partner of Accelerating Asia, has said “We continue to be bullish on Bangladesh as one of the fastest-growing countries with a large market.  The companies that we're investing in are crucial to the digital future of the world including medtech, electric vehicles, mental health and insurance.  Our cohort 10 investments build on the many years long investment strategy Accelerating Asia Ventures has had in Bangladesh and other high potential markets in South and Southeast Asia.”