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

The Bangladesh Opportunity

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Large, dense population creates opportunity for advantages in unit economics and scale.

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High mobile and internet penetration of over 55%.

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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

Sheba.xyz

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".

Chaldal.com

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

IDLC Group provides wide-ranging solution to its client base, which includes most of Bangladesh's top corporate house

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605+

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Active

Corporate

Clients

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23800+

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Small

Business

Clients Served

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10+

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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

Team Member

Syed Javed Noor

Syed Javed Noor is a General Manager at IDLC with over 18 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 Receivable business, and led HSBC’s Commercial Banking operations in Chittagong.

Team Member

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).

Team Member

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

Team Member

Arif Khan, CFA, FCMA

Arif Khan is the CEO & Managing Director of IDLC with over 26 years of Strategy, Capital Markets, Investments, and Regulatory experience. Prior to joining IDLC in 2016 as CEO, he was a commissioner at Bangladesh Securities and Exchange Commission (BSEC). He has over 15 years of experience at IDLC in various roles, including CFO, oversight of Capital Market operations, leading IDLC’s SME and Personal Finance operations, among others.

Team Member

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.

Team Member

Mohammad Jobayer Alam, CFA

Mohammad Jobayer Alam, CFA is an experienced financial planning specialist with more than 12 years of experience in corporate finance, strategic planning, treasury management and managing P&L of principal investment. He is responsible for managing the balance sheet of one of the largest NBFIs in Bangladesh which has investment in excess of BDT 6 Billion.