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Previously, the company had raised its pre-seed round from BRAC Osiris Impact Ventures, and OS Venture. This, it added, has helped the company navigate through the challenges of the pandemic and achieve more sustainable growth. We are here to build the future of travel.”ĭuring the pandemic, when everything was at a halt, Go Zayaan has focused on domestic tourism by partnering with local airlines, hundreds of hotels and tour operators that had no presence in the digital space, the release pointed out. Go Zayaan founder Ridwan Hafiz said, “The future is online Bangladesh will be no different. “This process requires no assistance and the users can go wherever they please, possibilities are endless.” “Go Zayaan maintains the same modality for booking flights, hotels and even tours,” the company states, adding that one just simply has to go to the website browse their preferred mode of travel, compare prices and book the most convenient path to their destination. Go Zayaan is actively bridging this wide gap by bringing accommodations and other travel services online and making those easily accessible to everyone, according to the release. However, less than 5.0 per cent of bookings are being done online. The money has been raised in a seed round led by Wavemaker Partners, one of Southeast Asia’s leading venture capital firms.Ī news release by Go Zayaan’s Brand Communications says the Bangladeshi travel market is growing rapidly. The transport and logistics services market in Bangladesh has a value of $15 billion (PwC 2018), equivalent to 6.8 per cent of the gross domestic product GDP, IFC said in the statement.īangladeshi travel-tech startup Go Zayaan, has raised US$2.6 million, the company has announced. 'In addition to its financing, IFC is providing the company with the knowledge and innovative support by leveraging insights from previous investments and will be connecting Truck Lagbe to more prospective clients,' Anwar said. 'It is crucial for Bangladesh, which aims to become a middle-income country over the next decade, to have an efficient transport infrastructure and logistics services, which not only provides more support for the shipment of goods during the pandemic but can also help transport exports to markets,' said Nuzhat Anwar, IFC's Acting Country Manager for Bangladesh, Bhutan and Nepal. This will help us to expand in every district of Bangladesh along with bringing in various support services to facilitate everyone to move from the fragmented and unorganized local market to our tech has driven logistics platform,' he said.

'We are very excited to have IFC as a partner who has already invested in similar startups in other countries. This helped them to continue their business,' said Anayet Rashid, Truck Lagbe's Co-Founder and CEO. 'As traditional methods became inaccessible during the COVID-19 pandemic, Truck Lagbe became the go-to platform for thousands of small businesses and truck owners for hiring trucks. It is one of the largest e-logistics platforms in Bangladesh catering for over 43,000 unique shippers, with over 20,000 registered trucks, the statement read.īy leveraging technology, the company matches demand and supply for freight services, offers price transparency, real-time tracking of shipments through GPS technology and maximizes truck utilization, driving efficiencies across the logistics value chain, which reduces greenhouse gas (GHG) emissions, it said. Truck Lagbe is used to book short-haul and long-haul freight trips, with trucks of different sizes, across all 64 districts in Bangladesh. Truck Lagbe's services are helping sustain small and medium-sized enterprises (SMEs) and also supporting livelihoods during the Covid-19 pandemic. IFC has partnered with Truck Lagbe to help expand its services, modernize the logistics sector and maintain critical supply chains, especially for delivering food and essential items during Covid-19, it said. IFC, a member of the World Bank Group and the largest global development institution, said this in a statement today.

PRODUCT HUNT JOSH BUCKLEY HYPER PRODUCT DRIVERS

The International Finance Corporation (IFC) is going to invest $2.5 million in the digital trucking platform, Truck Lagbe, to connect people and corporate customers with truck owners and drivers through an app and a website in Bangladesh. IFC invests $2.5 million in digital trucking platform Truck Lagbe

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