Bangladeshi recommerce SWAP raises $1.25 million in seed round
Bangladesh's C2B and B2B recommerce (an online platform that sells products that were previously owned) venture Swap has secured $1.25 million seed funding recently. The round of investment was led by Singapore based accelerator program Accelerating Asia. ZA Capital Advisory, Bangladesh Angels, and some other individuals also joined in this round of funding. Previously, Swap took part in the fourth cohort of Singapore-based accelerator Accelerating Asia's 100-day program for pre-series A startups.
Swap has generated $14.5 million in gross merchandise value while serving 40,000+ customers. "We want to be Bangladesh's most trusted platform for anyone trying to buy, sell or exchange in Bangladesh. We believe we can do that by providing our customers with as many choices as possible with the most affordable plans, from which they can pick the ideal one for them," SWAP CEO and Co-Founder Parvez Hossain said.