Dhaka, Oct. 2 -- Unfulfilled funding commitments by SBK Tech Ventures Ltd have pushed several Bangladeshi startups into severe financial distress, leaving their growth plans derailed and investments at risk.In a joint statement issued Wednesday, the affected startups said such incidents are undermining trust and stability in the country's startup ecosystem.
According to the statement, at least five early-stage ventures faced major setbacks after waiting months for promised investments from SBK Tech Ventures, owned by Sonia Bashir Kabir, known for her close association with the previous government.
Founders reported that they were shortlisted for investment, signed agreements, and even received verbal assurances to scale their businesses i...