R-ventures 3.0 concludes with an investment of more than Tk 8cr
Robi’s flagship digital entrepreneurship platform, r-ventures 3.0 has been concluded with the holding of the Grand Finale program at the Capital’s Sheraton Hotel sunday evening.
During the Grand Finale, 11 digital start-ups underwent a thorough screening process, with four of them securing investments worth over Tk 2 crore from RedDot Digital Limited, a subsidiary IT company of Robi Axiata Ltd and sponsor of r-ventures private equity fund. SBK Tech Ventures and Angel Investor Kaniz Almas Khan also pledged to invest Tk 3.5 crore in four start-ups alongside RedDot Digital Ltd. Startup Bangladesh Limited, the Venture Capital Fund of ICT Division, also pledged to invest a total of Tk 2.5 crore in the start-ups.
The entrepreneurs were presented with investment cheques by ICT State Minister Zunaid Ahmed Palak, who attended the event as a chief guest. Robi’s Chief Commercial Officer, Shihab Ahmad, Reddot Digital’s CEO, Hasib Mustabsir, r-venture 3.0 officials, investors, and media personnel were also present.
In his speech, ICT State Minister Junaid Ahmed Palak congratulated all the start-ups that participated in the r-ventures 3.0 grand finale and highlighted the pivotal role they will play in building a Smart Bangladesh. He thanked Robi for working as a friend in the journey to build Digital Bangladesh and hoped that the company would continue to support the effort to build Smart Bangladesh.
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ICT State Minister Zunaid Ahmed Palak also announced an investment of Tk 10 lakh taka from the ICT Division to all the top 11 teams, including Mile from GreenTech/Mobility, Recycle Jar Ecosystem from Circular economy/Cleantech, and Relaxy Limited from the health tech industry.
The selection of the start-ups was based on the strength and uniqueness of their concepts, business models, financial projections, and overall impact on society.
Robi initiated the first phase of r-ventures in 2017 to encourage digital entrepreneurship among its employees. Building on its success, the company launched r-ventures 2.0 in 2019, providing opportunities for anyone aspiring to become a digital entrepreneur.
