Active
Corporate
Clients
What is Venture Capital?
Venture capital is a form of financing and part of the private equity asset class. That means, it buys equity in private companies. It usually provides funds to small, early-stage, emerging, often high-risk, firms with high growth potential in the hope of making returns for its investors.
Our Business
Bangladesh-focused, top-tier, experienced local team
This is a unique, difficult to replicate team that combines finance expertise with market-leading experience in the local technology sector. The team...Read More
Investing in innovation, and getting in early
We invest in early-to-mid-stage technology and technology-enabled companies in Bangladesh with simple, easy-to-understand, and scalable business model... Read More
Leveraging our advantages for investors & portfolio companies
IDLC is a respected and trusted name, with a large infrastructure of retail and business clients, nationwide presence, and relationships with banks an... Read More
The Bangladesh Opportunity
Large, dense population creates opportunity for advantages in unit economics and scale.
High mobile and internet penetration of over 55%.
Growing middle-affluent class of more than 2 million added per year for the next 10 years.
Basic Terms of the Fund
| Fund Name | IDLC Venture Capital Fund |
| Fund Corpus | BDT 450 million |
| Sponsor’s Contribution | BDT 50 million |
| Fund Tenure | 7 years, extendable by up to 2 years |
| Sponsor | IDLC Finance Limited |
| Trustee | Green Delta Insurance Company Limited |
| Minimum Subscription | Individual: BDT 5 million Institution: BDT 20 million |
| Investor Lock-in | 3 years |
Case Study
About the Company
Launched in 2015, Sheba.xyz is the largest service marketplace in Bangladesh. Household consumers can safely get services like Electrical, Cleaning, Laundry, etc. from a verified base of service SMEs. It is further a one-stop platform for SMEs to get leads, monitor, and manage their businesses and to grow. Sheba.xyz received local and international awards including the Best Startup Innovation Award 2018, Daily Star Best Startup of the year Award 2017, National ICT Startup 2017 and Top 10 Asian Founders by DW Program "Founder's Valley".
About the Company
Chaldal.com was founded when two of the co-founders left their job at a Silicon Valley startup named Sigfig and teamed up with a childhood friend. Chaldal.com has seen user numbers and monthly orders double in the last 12 months, and now operates out of 8 warehouses in Dhaka, serving over 50,000 orders every month. Our team was introduced to Chaldal through an international investor as part of Chaldal’s Series-A fundraising in 2017.
The IDLC Advantage
IDLC Group provides wide-ranging solutions to its client base, which includes most of Bangladesh’s top corporate houses
605+
23800+
Small
Business
Clients Served
10+
Number of
Company’s
IPOs done
Business clients open up a large customer base for investees providing Enterprise Solutions, B2B Services, Big Data Analytics and related value propositions
Retail level clients provide potential connections to large customer base for investees focusing on retail solutions, marketplaces, and platform based services
Proven track record of assisting clients through IPO and providing sustained market support.
The Team
Investment Team
Syed Javed Noor
Syed Javed Noor is a Deputy Managing Director at IDLC with over 20 years of experience in Merchant Banking, Syndicated Financing, and Corporate Relationship Management in HSBC Bangladesh and Standard Chartered Bank Bangladesh. Prior to joining IDLC, he worked at HSBC Bangladesh, where he led the Global Trade and Receivables business, and led HSBC’s Commercial Banking operations in Chittagong.
Samad Miraly
Samad Miraly is a Canadian-Bangladeshi investor. He has invested in over 15 startups in Bangladesh since 2013 and has managed close to BDT 8 Billion across asset classes. Samad co-founded Startup Dhaka, which operates the first-in-class Grameenphone Accelerator in partnership with Grameenphone (a Telenor company).
Mustafizur Khan
Mustafizur Khan is an entrepreneur, angel investor, startup community organizer and a marketer with over 20 years’ experience heading teams in Asia. Before becoming Startup Dhaka’s CEO, Mustafiz joined HSBC Bangladesh and eventually rose to HSBC’s Head of Brands & Sponsorship in Singapore. He left banking to pioneer Bangladesh’s technology space.
Investment Committee
Adnan Rashid
Adnan Rashid is a Deputy General Manager and Head of Credit (SME) at IDLC Finance. He has over 13 years of experience in corporate sector with specialization in credit risk management, underwriting and process automation of SME loans as well as Supply Chain Finance products.
Mir Tariquzzaman
Mr. Mir Tariquzzaman is the Chief Technology Officer (CTO) of IDLC Finance Limited. He joined IDLC in April 1995 as Management Trainee. He has been in his current role since July 2007. Responsible for establishing and managing a dynamic IT Infrastructure of IDLC Group. Master of Business Administration (MBA) from the Institute of Business Administration (IBA) under the University of Dhaka.
Mohammad Masud Karim, FCA
Masud Karim Majumder is a Group CFO at IDLC. He has over 15 years of experience in the corporate sector. Prior to joining IDLC, he was working in Rahman Rahman Huq as an Audit Supervisor. He is also a Director of IDLC Asset Management Limited, a wholly owned subsidiary of IDLC Finance Limited. Additionally, he is an Associate Chartered Accountants (ACA) and member of the Institute of Chartered Accountants of Bangladesh (ICAB).