Original disclosure @ IFC website
Updated in EWS Feb 10, 2021
Disclosed by Bank Feb 1, 2021
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According to the bank's website, "The proposed equity financing is for Truck Lagbe Inc. (“TL” or the “Company”), Bangladesh’s leading digital trucking platform. TL’s platform aggregates and matches demand for freight (from individuals, SMEs and large enterprises) with the supply of trucks (from truck owners/drivers called partners). By leveraging technology, TL offers price transparency, real-time tracking and optimum asset utilization and efficiency across the value chain."
According to IFC, "TL was founded in 2017 by Anayet Rashid (CEO) and Mir Ekram (COO). Mr. Rashid has deep experience in operating manufacturing companies through his family business. Mr. Ekram has more than ten years of experience and founded Joy Network, an internet service provider in Bangladesh.
Mr. Rashid is a majority shareholder of the Company. Other shareholders who hold more than 5 percent shareholding in the Company include Mr. Ravid Chowdhury (CFO) and APH Finance, a reputed seed stage investor. No other shareholder in the Company owns more than 5 percent in the Company."
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Truck Lagbe Inc.
Mir Hossain Ekram
Chief Operating Officer
House 221, Road, 15 Lake Rd, Dhaka 1206
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