Startup Bangladesh Limited, the pioneering venture capital company under the ICT Division, has announced a strategic investment in Bongo, one of the leading digital entertainment platforms in Bangladesh.
This collaborative endeavor aims to increase the landscape of online entertainment and content consumption in the country.
An agreement was signed between the two entities for an investment of Tk5 crore in Bongo’s growth and expansion plans.
The signing ceremony took place in Dhaka where State Minister for ICT Division Zunaid Ahmed Palak, Chairman of the Board of Directors of Startup Bangladesh and Senior Secretary of ICT Division Md Shamsul Arefin, Managing Director of Startup Bangladesh Sami Ahmed and representatives from Bongo were present as distinguished guests.
Bongo is a South Asian OTT and VOD platform, combining an unprecedented content library with state-of-the-art video delivery technology.
It also manages a network of YouTube channels and influencers in 5 countries with over 500 Channels under management and 83+ million subscribers in the network and reaching over 210 million unique viewers a month.
As the market leader in Bangladesh, Bongo works closely with telecom operators to offer premium content as the potential of the local market is unleashed.
Bongo’s content library spans 5 languages and boasts 57,000 titles.
With offices in Dhaka, Kathmandu, Kolkata, and Colombo, Bongo is growing its footprint across the subcontinent.
