fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home E-commerce

Bangladeshi startup SWAP raises $1.25m to help solve e-waste generation

Team AsiaTechDaily by Team AsiaTechDaily
14 October 2021
in E-commerce, Featured
0
SWAP
89
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

SWAP, the first-ever re-commerce platform in Bangladesh, has raised $1.25 million in seed funding, led by Accelerating Asia with participation from ZA Capital Advisory, Bangladesh Angels, and Southeast Asian angel investors.

The platform allows consumers to sell, swap, or buy products such as smartphones, laptops, appliances, vehicles, and more at the press of a button.

Just like any other country globally, Bangladesh, being the 8th largest country for mobile phone users, has been facing an upward growth in e-waste generation.

SWAP solves the problem by offering customers both convenience and safety while ensuring guaranteed selling of old products from their doorstep in less than 24 hours. It also provides consumers with an avenue to properly discard their e-waste.

The startup also aims to become a market leader and a global example of success for the circular economy approach and sustainable e-waste management venture by using the new funding.

“We believe we can do that by providing our customers with as many choices as possible with the most affordable plans, from which they can pick the ideal one for them,” SWAP CEO and Co-Founder Parvez Hossain said.

Started in 2020, SWAP has generated more than $14.5 million in Gross Merchandise Value (GMV), with a current monthly GMV of over $1.7 million. SWAP has served over 40,000 customers till date and is poised to scale-up significantly in the next 6-12 months.

Accelerating Asia, as lead investor, sees the potential in SWAP and the founding team to deliver returns for the early-stage VC accelerator that operates across Southeast and South Asia.

“We look forward to seeing SWAP continue its rapid business expansion for years to come,” Accelerating Asia General Partner Craig Bristol Dixon said.

Zahedul Arefin, Founder and CEO of ZA Capital Advisory and also Advisor to SWAP, expressed that they are happy to be associated with one of the most promising and innovative online startups in the country.

Previous Post

Shoplinks raises $900K to support small retailers in Southeast Asia

Next Post

Vietnam’s EI Industrial raises $670K to support SMEs productivity

Related Posts

edit post
Korean startup AITest.AI has established itself as a market leader in training to meet the growing demand for education in AI system testing. Recently, AITest.AI launched an innovative AI-testing training course on Udemy, a global e-learning platform, and has attained the topmost position in this field.
AI & Big Data

AITest.AI Emerges as Global Leader in Artificial Intelligence System Testing Training

March 24, 2023
edit post
PhonePe
Featured

Indian fintech PhonePe raises $200m more from Walmart

March 21, 2023
edit post
Antler
Featured

Antler to invest in over 30 startups in Indonesia this year

March 21, 2023
edit post
WeBudding
Content & Games

Korean startup WeBudding partners exclusively with the most popular free app Goodnotes 5 to provide Korean digital stationery content to users globally

March 17, 2023
edit post
One Impression
Featured

One Impression raises $10m in Series A to expand product offerings

March 15, 2023
edit post
Bababos
Featured

Indonesian startup Bababos closes pre-seed funding led by East Ventures

March 15, 2023
Next Post
edit post
EI Industrial

Vietnam's EI Industrial raises $670K to support SMEs productivity

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback