Pathao is Bangladesh's fastest growing technology start up. We are developing tangible solutions to battle the country's biggest infrastructural problems. After establishing ourselves to be the biggest e-commerce delivery company in Bangladesh, we are now expanding into the ride-hailing transportation space. Using a dynamic fleet of motorbikes, our solutions are harnessing the power of technology to change the face of Bangladesh.
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Date News Apr 27, 2018 Techcrunch - Bangladesh’s version of Go-Jek raises over $10M in a round led by Go-Jek Apr 26, 2018 CNBC - Building a mobile wallet for a cash-based economy Feb 21, 2017 Tech In Asia - Meet the fast growing Go-Jek of Bangladesh March 07, 2017 The daily star - Beat the traffic mess with bike service app Jan 5, 2017 Techetron - Here’s how Pathao is revolutionizing the transportation sector of Dhaka Dec 15, 2016 SDAsia - Pathao Aims To Solve Two Major Problems in Bangladesh Nov 6, 2016 Future Startup - Inside Pathao’s Big Plan To Take On Logistics And Transportation Industry In Dhaka Oct 25, 2016 HiFi Public - Beat Traffic With Pathao Jun 12, 2016 Dhaka Tribune - Ready, set, done Nusaira A Hassan Nov 2, 2015 Future Startup - Logistics Remains A Nightmare For Ecommerce In Dhaka And This Startup Aims To Make It Tick Oct 29, 2015 The Daily Star - Send Small Packages with Pathao
Pathao closes round of fundraising that sees valuation soar past $100million
Pathao, the market leader of Bangladesh’s two-wheeler ride-hailing industry, has closed a new round of fundraising that values the company at over $100 million. The Dhaka-based ride-sharing platform introduced moto-taxis to the densely populated country in 2017, and customers have quickly adopted the new transportation alternative. Pathao completes over one million rides and fulfills over 100,000 deliveries each month. The company also launched courier, car ride-sharing, and food delivery services, which are also rapidly gaining popularity among the country’s citizens. All of these services can be accessed from a single app.From Left: The co-founder of Pathao, Hussain M Elius, with the co-founder of GO-JEK, Nadeim Makarim
In November 2017, Indonesia’s most prominent technology business GO-JEK led the first significant round of Series A capital venture financing for Pathao, resulting in rapid growth in multiple verticals. GO-JEK has increased its investment in this latest pre-Series B round, which includes other existing investors, including Openspace Ventures (formerly NSI Ventures), Osiris Group and Battery Road Digital Holdings.
“Pathao has a relentless focus on improving lives of customers, and providing a real opportunity for drivers to earn a living wage”, said Pathao co-founder and CEO Hussain M Elius. “We could not have achieved what we have, without the contribution of our loyal customers and drivers, and our execution-oriented team. We are proud to have GO-JEK be a part of our story, as we aspire to make Pathao the biggest service platform in Bangladesh.”
This latest financing makes Pathao the fastest growing and largest tech company in Bangladesh.
In Dhaka, the capital city of Bangladesh, congestion is nearing a breaking point, with 25,000 people in every square kilometer. Pathao’s expanding line of on-demand services allows Dhaka inhabitants to beat the traffic and increases productivity levels.
Forecasts for the fiscal year 2017-18 show Bangladesh experiencing a period of formidable economic growth. With a 7.65 percent growth in GDP (as estimated by the Bangladesh Bureau of Statistics), it stands strongly among the leading South Asian countries. However, unemployment problems still plague Bangladesh. Pathao has injected much needed speed into the lives of the people in a country which has, according to The World Economic Forum, some of the worst road infrastructure in the world.
With the advent of Pathao, a flexible and reliable source of income has been created for thousands of people. Some of the Pathao drivers consider it a convenient way of making extra money, augmenting earnings from their day jobs.
Pathao has grown exponentially in the past year. The company employs over 500 people in 22 cities all over Bangladesh.
Hussain M EliusCEO / Co-Founder
Shifat AdnanCTO / Co-Founder