Ecosystem Roundup: PulseTech delivers startup Bangladesh’s first big return
Startup Bangladesh, the government’s catalytic venture fund, has notched its first multi-fold exit — from PulseTech, a Dhaka pharmaceutical distribution startup that has scaled from US$2M to US$150M in annualised revenue in just two years. The fund backed PulseTech in 2024; neither the original cheque size nor the return multiple has been disclosed, but the […] The post Ecosystem Roundup:…
Startup Bangladesh’s PulseTech, a Dhaka-based pharmaceutical distribution startup, has achieved its first multi-fold exit, marking a significant milestone for the country's venture ecosystem. The government-backed fund, Startup Bangladesh, invested in PulseTech in 2024, though the specific funding amount and return multiple remain undisclosed.
PulseTech's MedBox platform offers authentic medicine distribution, integrated with finance, pharmacy software, and the ONE Pharmacy franchise network. This innovative approach targets the challenging issue of fragmented, counterfeit-prone drug supply chains across Bangladesh's 14,000+ independent pharmacies. With profitability and 20% average month-on-month growth, PulseTech has managed to serve less than 5% of the country's US$6B pharma market.
Now, the company is set to raise a Series A, targeting US$1B in revenue and expanding its operations to Saudi Arabia, an ambitious move from its current frontier ecosystem to a market with entrenched competitors and a tougher regulatory environment.
Written by urgent.news from e27's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
