Startup Bangladesh Limited, the flagship venture capital company of Bangladesh government has announced to invest around BDT.10 million in Alice Labs, a leading global SaaS from Bangladesh. MyAlice, the flagship product of the company is a Unified Social Commerce and Messaging Platform Empowering online merchants to convert every customer interaction into revenue.
MyAlice offers D2C brands by providing a unified platform for customer support, sales, and marketing to help increase their revenue while cutting operational costs. It brings Social & Commerce together to build seamless checkout from social chats.
Startup Bangladesh and Alice Labs recently signed and agreement was signed recently in Dhaka amid the presence of MD Shamsul Arefin, Chairman of the Board of Directors of Startup Bangladesh & Secretary of the ICT division, Managing Director of Startup Bangladesh Sami Ahmed, Head of Portfolio Investment Hasan A. Arif, Managing Director of Alice Labs Shuvo Rahman, said an statement of the government owned venture capital firm.
The statement said sales via social media is expected to see increase three times A 3x increase in sales by 2025 and MyAlice aims to play a pivotal part in this. More than 150 businesses across South Asia, Southeast Asia, and the Middle East use MyAlice to increase their revenues from online businesses. Currently, MyAlice is working on Generative AI-based automation to help their customers unlock additional sales opportunities.
“Innovation-driven startups are positioned as the catalysts for meeting market demands and steering a transformative trajectory for significant economic growth. The technological solutions pioneered by these startups play a pivotal role in propelling our nation toward the realization of a visionary future, harmonizing seamlessly with our aspirations for a Smart Bangladesh. With this investment, I believe Alice Labs will contribute to making a lasting impact in the industry and help build a better future,” expressed State Minister Zunaid Ahmed Palak, MP, Ministry of Posts, Telecommunication & ICT on the occasion.
Startup Bangladesh in its effort to build a vibrant startup ecosystem that nurtures digitalization, has been investing in the most promising and impactful startups in Bangladesh and has continued that tradition by investing in Alice Labs.