The 10th cohort of startups selected by Accelerating Asia Ventures includes four companies from Bangladesh and nine companies from Southeast Asia. After a thorough evaluation process, the company revealed an acceptance rate of 1.8%. The startups from Bangladesh that have been selected are Relaxy, Palki Motors Limited, Pulse Tech Ltd., and Chhaya.
Chhaya is Bangladesh’s first tech-enabled micro-insurance provider, providing underserved populations with reasonably priced insurance products in an effort to increase financial inclusion.
Founded in 2022, Palki Motors aims to combat rising fuel prices and pollution by offering locally produced electric vehicles as sustainable transportation alternatives. Using a B2B e-commerce platform, Pulse Tech Ltd. handles supply chain inefficiencies and expedites procurement procedures for retail pharmacies.
Through the creation of a community support network and the connection of users with therapists, Relaxy provides resources for mental health. Founded in 2019, Accelerating Asia offers investment, business development training, and mentorship to early-stage startups in technology-driven industries.