Startup Bangladesh Ltd., a prominent government-backed venture capital firm under the ICT Division, has announced a BDT 1 crore investment in Pulse Tech Ltd., aiming to propel digital healthcare technology in Bangladesh.
The investment was disclosed during a signing event in Dhaka, attended by key figures such as Md. Shamsul Arefin, Chairman of the Board of Directors at Startup Bangladesh and Senior Secretary of the ICT Division, along with Sami Ahmed, Managing Director of Startup Bangladesh. Arefeen Raafi Ahmed, Co-founder and Managing Director, and Kazi Ashikur Rasul, Co-founder and CEO of Pulse Tech Ltd., were also present, alongside senior management from Pulse Tech Ltd.
Pulse Tech Ltd. is renowned for its innovative solutions in Bangladesh’s retail pharmaceutical sector. Their comprehensive B2B SaaS platform facilitates sourcing, inventory management, and transaction tracking for retail pharmacies, aiming to eradicate counterfeit and expired products from the market. Their focus lies in transforming retail pharmacies into holistic healthcare hubs through digital solutions, offering services like diagnostic test booking, telemedicine, and medicine supply. The company has exhibited rapid growth and unwavering commitment to excellence.
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Md. Shamsul Arefin highlighted the strategic significance of the investment, stating, “Our investment in Pulse Tech Ltd. is a deliberate move to strengthen our national healthcare infrastructure. We aim to empower Pulse Tech to innovate and expand its services in the retail pharma industry, crucial for advancing healthcare technology in Bangladesh.”
Sami Ahmed, Managing Director of Startup Bangladesh, expressed confidence in the partnership, stating, “We believe in the transformative potential of technology and are proud to support Pulse Tech as they drive digital healthcare innovation. Our investment reflects our belief in their vision and our dedication to fostering startups vital for technological advancement and economic growth.”
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With this capital infusion, Pulse Tech is poised to accelerate technology development and operational expansion, with a focus on improving pharmacy efficiency and medicine accessibility nationwide. Startup Bangladesh’s investment is expected to significantly impact the healthcare sector by providing state-of-the-art solutions aligned with Bangladesh’s evolving healthcare needs.
Arefeen Raafi Ahmed, Co-founder and Managing Director of Pulse Tech Ltd., commented, “We are excited to welcome Startup Bangladesh as our latest investor. Their guidance and support will be instrumental in realizing our organizational objectives and positively influencing Bangladesh’s retail pharmaceutical industry and healthcare landscape.”
The strategic partnership between Startup Bangladesh and Pulse Tech Ltd. marks a significant step towards a technologically advanced and health-conscious Bangladesh.
