Pathao Raised About 2 Billion Investment Bangladeshi company Pathao recently raised $12 million (Rs 1.6 billion) in investment. The company has raised an investment equal to that amount under pre-series funding round B.
It is said that this is the largest amount collected by a pre-series B startup in Bangladesh. The company issued a statement about this. According to this, Pathao has become a company worth 50 million dollars (about a billion rupees). It is said that this will greatly help Pathao to expand its business towards fintech.
This funding round was led by VentureSouk, a venture capital company in the Middle East and North Africa region. Under this, it is said that investors like Anchorless Bangladesh, Osiris Group, South Asia Tech, and Openspace Ventures have invested in Pathao.
Pathao has emerged as a profitable and financially strong company in the last two years. This company, which shines in logistics, ride-sharing, and food delivery, is expected to make great progress in fintech as well. Pathao has already launched its digital wallet ‘Pathao Pay’ and ‘Pathao Pay Letter’ in Bangladesh. You can purchase any item now and pay later.
The effect of this investment on Nepali company Pathao Nepal is not yet clear. Although the parent company has raised investment intending to show leadership in the fintech sector, Pathao D has also been sent to Nepal.
