State-backed Startup Bangladesh receives $65m funding for domestic investments

State-backed Startup Bangladesh receives $65m funding for domestic investments

FILE PHOTO: Vehicles are seen stuck in a heavy traffic after office hours during Ramadan in Dhaka July 7, 2014. REUTERS/Andrew Biraj

Startup Bangladesh (SBL), a venture capital fund fully backed by the government of Bangladesh, has closed $65 million in funding to invest in the nation’s most promising startups.

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