Top 5 best software companies in Bangladesh (2024)
The top 5 software companies in Bangladesh:
Kaz Software
bKash
Shopup
Praava
Chaldal
And here is why we put them as top 5.
The software industry is one of the fastest moving industries in Bangladesh. It has maintained significant growth year on year for the past decade reaching as high percentages as 40% overall growth. This growth has led to a major expansion of all areas of software and broader IT enabled services industry. In the past custom software development and IT outsourcing was the main area where the industry was revolving around, however over the past few years independent software product companies serving both the domestic and the international market has been growing at an even higher pace than the traditional IT services sector. With this expansion of skills and maturity has followed significant interest from software investment firms. On top of this software is a focus area of the government which has led to availability funds and resources from various government agencies. This had led to a very exciting and innovative startup environment for software companies.
In this fast moving industry it’s hard to do a top 5 without leaving out many great companies. But we will take stab at it and select top 5 companies (in our opinion) who are leading the space in 5 separate categories.
Custom software development: Kaz Software
Started in 2004, Kaz software is one of the oldest software companies in the country. Over the past 18 years they have worked on hundreds of companies all around the world. Their products are running businesses and organizations such a ThomsonReuters, UNICEF, The World Bank, Oxfam, Global Blue and many others. Apart from their large enterprise systems business they also run a startup development business that is a specialist for helping small startups launch their products in the market. These two very contrasting skillsets make them unique.
2. Fintech software: bKash
Over the past five years, Bangladesh has shown tremendous growth in terms of digital financial account access and usage among the poor. Changes in Bangladesh’s financial service access scenario (multiple new services such as agent banking, e-wallets and increasing acceptance of MFS in the country) has meant that 92% of the population lives within 5 km of a financial service access point. There are more than 72 million users with more than BDT 12 billion transactions through MFS per day. The majority of the subscriber was previously unbanked population. Bangladesh now accounts for more than 8% of total mobile money accounts worldwide. And leading this fintech revolution is the unicorn bKash. With an estimated more than 45 million people using mobile money transfers in the country and with bKash holding an estimated 90% of this market it is clearly the top gun in software in Bangladesh.
3. Startup: ShopUp
ShopUp is the recent cover story of the exciting and fast growing startup scene in the Bangladeshi software industry. The ShopUp platform is building out an ambitious ecosystem for completely transforming the traditional marketplace in Bangladesh. With an aim to digitize existing shops of all sizes, providing a last mile delivery platform along with a credit facility on top they are looking to completely change the day to day shop experience of average Bangladeshis.
This unique plan and superb execution by a top notch team of professional ahs closed a $34-million Series B extension round led by Tiger Global Management. In total, ShopUp has hauled more than $109 million in series B with Peter Thiel’s Valar Ventures and Prosus Ventures putting a $75 million in the pot. With all this funding, a superb team and dream to change the world, ShopUp is clearly the winner for the top spot for startup category in our Top 5 software companies in Bangladesh.
4. Healthcare software: Praava
Praava health leads the telehealth sector in Bangladesh. Launched in 2018 it has seen phenomenal growth. It is now used by an estimated 250,000 patients and growing everyday. On a single platform they have made the often confusing and complex healthcare service in Bangladesh much simpler. From finding information about health issues, self guided resolutions, to finding doctors, setting up appointments, consulting online and arranging diagnostics, finding and ordering medicine can all be achieved on their software. They were the trendsetters in this space in Bangladesh and have become the leaders now. Their innovations coupled with the partnerships with the top talents and organizations for healthcare in Bangladesh has all the signs of great software company. And the results prove this point. Clearly one of the top 5 software platforms in Bangladesh.
5. eCommerce: Chaldal
Chaldal is Bangladesh’s first proper eCommerce platform. Their focus has been grocery coupled with last mile delivery but they are slowly but surely expanding into the “everything” online eCommerce platform. They started in 2013, with with what can only be described as baby steps. Not necessarily a big innovation for sure in 2013, not even the best players at the beginning but what made the difference is their consistency. Starting with coverage in small areas in Dhaka they have constantly increased their coverage along with their offerings. Over the years this consistency and the need for online services during the lockdown for the pandemic has established their name and brand as the leaders in this space. They will surely be leveraging from this brand recognition to fuel their growth as they pick up more and more users on their platform.
63% of software projects fail because of the delays of finding the right team
What if you had a talented software team in days rather than months?
Finding great software talents is difficult and time consuming. You need to be where the talents are, advertise to the right audience, attract the right people at the right time in their career, filter out the noise, run hours of interviews and break your bank to hire.
No worries, with us on your side you can relax. We've done all the hard work for you. Tell us what skills and experience you need and all you have to do is select the right ones from our list. And you don't have to break your bank either!
