Bangladesh has become a highly attractive investment destination, boasting an impressive 9.6% average annual growth rate from 2004 to 2019. Under the guidance of Prime Minister Sheikh Hasina, the country has made significant progress in terms of infrastructure and its “Digital Bangladesh” program has given a boost to the tech industry.
The Bangladesh Story
Onnow's first market is the new Asian Tiger.
A large portion of Bangladesh’s 165 million population is young, with over half being under 30 years of age. Women in Bangladesh are enjoying rising incomes and the gender wage gap is one of the lowest in the world. This presents an opportunity for the country to bypass traditional economic and technological developments and strive for parity with other nations.
The country boasts a highly skilled workforce, particularly in digital labor, where it ranks second globally after India. However, access to global capital for the private sector has been limited in the past. But, as investors start to take notice of the potential in the market, this is starting to change. As the first hospitality-startup operating in Bangladesh to raise investment from the Silicon Valley, Onnow has played a pivotal role in portraying the huge growth opportunity in the local hospitality and food scene to the global VC world.
If you are interested in investing in Bangladesh, please feel free to email us at tahmid@onnow.io