INSTITUTE OF BUSINESS ADMINISTRATION

UNIVERSITY OF DHAKA

News Analysis of Bangladesh Studies (G102)

Zarif Afridi
Roll 23
Sec A BBA 29
Date- 14/02/2022

IoT company Bondstein raises $1m

Bondstein Technologies Limited, an IoT company based in HiTech City
Kaliakoir, Gazipur, Bangladesh, has secured an investment worth $1
million, led by Runner Trading Limited, a subsidiary of Runner Group.
The new funds acquired by the tech startup will be used in
development and research of building more developed and modern
technologies also in expanding the IoT technology export.
The team plans to build a regional IoT powerhouse within the next 10
years. Their goal of investments is to provide affordable and practical
services to the customers.
They have shown their capability in innovation and solving many real-
life problems. The company expects to expand its network and reach
new heights in the future.
This shows the amount of potential that these startups hold in a
country like Bangladesh and how they will become more successful
once proper investments and planning are done.
Source- The Daily Star