Sokrio Technologies Ltd. is proud to announce that we have secured a significant investment from Bangladesh Venture Capital Limited (BVCL), a member of the esteemed Daffodil Family.
This milestone was unveiled by BVCL’s Chairperson, Dr. Mohammad Sabur Khan, at the ‘Founders Insight’ event held at the Daffodil Plaza’s 71 Auditorium.
Bangladesh Venture Capital (BVCL) also invested in the e-commerce company Chaldal as announced at the event.
During the event, Chaldal’s founder and CEO Waseem Alim, and Sokrio Technologies Limited’s founder and CEO Md. Mubir Mahbub Chowdhury, along with Brainstation 23 PLC’s founder and CEO Raisul Kabir, participated in the panel discussion.
In this discussion, these entrepreneurs shared their valuable experiences and talked about various important topics including fundraising, IPO opportunities for startups, and maintaining motivation throughout the entrepreneurial journey.
Sokrio Technologies Ltd. is dedicated to providing cutting-edge SaaS solutions through an advanced Distribution Management System (DMS). Our smart sales automation system is designed to enhance retail channel management, catering to over 40 clients across 24 industry categories.
Our DMS is utilized by sales teams in every district of Bangladesh, supporting teams ranging from over 800 members to as small as 5 members. Over the past year, our clients have made 14.3 million outlet visits and generated more than 8.6 million invoices, amounting to a total value exceeding 27.38 billion BDT.
Regarding this, BVCL’s CEO Shawkat Hossain said, “We are delighted to bring together a panel of renowned startup experts and support promising startups through our investment fund. This event reflects our commitment to encouraging entrepreneurship and accelerating economic growth in Bangladesh.”
On his LinkedIn profile, the founder and CEO of Sokiro, Md. Mubir Mahbub Chowdhury expressed his humble gratitude and became nostalgic when talking about the humble beginnings of Sokrio Technologies Ltd. over the last four years.
“Yesterday, my company, Sokrio Technologies Limited, received its first institutional investment, four years after its inception. Until now, my company has been running on the investments of personal investors (family and friends who believed in my business). This is a significant milestone for the company. I extend my gratitude to my colleagues, co-founder Nizam Uddin and Tareq Hasan, and all our investors.”
You can check out our CEO’s full thoughts here.
