Chaldal raises follow-on investment from Startup Bangladesh Limited
Summary
Chaldal, the countrys largest online grocery startup, announced today that it has raised BDT 5 crore in a Series C Plus funding round from Startup Bangladesh Limited, the Government-backed VC fund of the country. I am glad to see that Chaldal through their ideas and innovation with technology, are playing a critical role in addressing the market needs and contributing to developing products and services that can be accessible and affordable for all.Chaldal Limited is one of the pioneers in the industry and an example for others to follow. The Startup ecosystem in Bangladesh is full of ventures who, with their determination and hard work, can reach new limits and push the industry forward. I believe this fund we will be able to expand our operations further and venture into logistics, online pharmacy, and payments. Starting small, the company has experienced strong growth over the years.Chaldal says it delivers around ten thousand orders per day and serves around half a million families every year.The company currently operates from 32 warehouses located in Dhaka, Chattogram, Narayanganj, Gazipur, Jashore, Khulna, Sylhet, and Rajshahi.