Despite global economic uncertainties in 2023, Bangladesh’s startup ecosystem demonstrated resilience and adaptability. The country faced significant challenges due to the Russia-Ukraine war, rising inflation, and economic strain, which impacted domestic business activities. However, strategic shifts in investment planning helped the startup sector navigate these turbulent times.
The global startup funding scenario saw a 38% downturn in 2023, with investments falling to $285 billion. Despite these challenges, Bangladesh’s startups managed to raise $72 million across 45 deals. Venture capital firms were central to these investments, contributing 50% of the total startup investments.
