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FINANCIAL INSTITUTION · DHAKA

IDLC Finance

A financial institution based in Dhaka. Lead investor in 3 of its 7 rounds on ExitStack-listed companies.

Financial InstitutionDhakaLead investor
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ABOUT

IDLC Finance, founded in 1985 and headquartered in Dhaka, is a non-bank financial institution listed on the Dhaka Stock Exchange. In Bangladesh, it has invested in Chaldal, Intelligent Machines, Truck Lagbe, Arogga, iFarmer, and Pickaboo. Several of its startup investments were made through IDLC Venture Capital Fund I, managed by its subsidiary IDLC Asset Management.

PORTFOLIO · 6 COMPANIES

Chaldal2 rounds · latest Series B+, 2020Pickaboo1 round · latest Pre-Series A, 2023iFarmer1 round · latest Seed, 2022Arogga1 round · latest Seed, 2022Truck Lagbe1 round · latest Series A, 2021Intelligent Machines1 round · latest Seed, 2021

ROUNDS · 7

IDLC Finance took part in 7 rounds on listed companies. 6 have a public amount, totalling US$19.4Mn in round size (the investor's own cheque is not disclosed).

DATECOMPANYROUNDAMOUNTROLE
23 Aug 2023PickabooPre-Series AUS$1.5MnLead
29 May 2022iFarmerSeedUS$2.1MnLead
8 Apr 2022AroggaSeedUS$1.5MnParticipant
20 Sep 2021Truck LagbeSeries AUS$4MnParticipant
20 Jan 2021Intelligent MachinesSeedUS$470KLead
28 Feb 2020ChaldalSeries B+Participant
11 Oct 2018ChaldalSeries AUS$9.8MnParticipant

Amounts appear only where a public source exists. Round size, not the investor's cheque.

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