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Bproperty and Digital Classifieds Group come together to propel real estate in Bangladesh

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The country’s largest complete real estate solutions provider, Bproperty, has announced it will merge with Australian-based Digital Classifieds Group (DCG). The deal means Bproperty now has access to even more resources to enhance its services, while DCG substantially grows its footprint in frontier markets and merges with a business of significant scale.

DCG has built dominant property classifieds in frontier markets since 2009, operating in Cambodia, Papua New Guinea, Laos and Fiji, with a joint venture and investment in the Thailand-based prop-tech the FazWaz Group. In recent years, DCG has transitioned its business model from advertising to transactional services to accelerate its growth. This transaction will see DCG’s global workforce grow to more than 550 and increase revenue by over 100%; a transaction completed despite global macroeconomic challenges in the tech and property sectors. 

Bproperty is a property pioneer and is Bangladesh’s largest transacting real estate company, creating a secure property marketplace where sellers, buyers, landlords, and tenants can safely engage in a streamlined and transparent process to achieve their goals.

Bproperty utilizes technology to drive solutions and has an unmatched online and offline presence with an incomparable database of information. Their website houses hundreds of thousands of property listings – 990 at launch in 2016, and 550,000 in 2023 – with immense detailing, videos, and floor plans – that provide viewers with a clear picture of what they are potentially getting before ever leaving their seats. 

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To provide the smoothest transactions, Bproperty has in-house teams for supporting services. These include legal, financial, and interior services – everything in one place, ensuring matters are taken care of in a timely fashion.

Bproperty has quickly become the go-to name for real estate ventures with over 4 million website and mobile application visitors annually.

CEO of Bproperty, Mark Nosworthy, said “I’m thrilled that through this transaction, we will continue to see Bproperty grow in Bangladesh as well as work collaboratively with DCG’s other markets to cement its position as Australia’s leading operator of property classifieds in Asian frontier markets.” 

DCG Group CEO, Mathew Care, views this as a significant milestone in the growth of the DCG Group. 

“I wholeheartedly welcome the Bproperty team, who have pioneered a dominant transactional property marketplace, to the DCG family. I also welcome their CEO Mark Nosworthy to the DCG Board; we can undoubtedly learn from his immense experience to help our upward growth.”

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Under the terms of the deal, Mark Nosworthy, CEO of Bproperty, will also join the Board of DCG. 

With the addition of the dynamic Bangladeshi market, DCG enters its single biggest frontier market to date, increasing its market reach threefold. The group will serve approximately 200 million people across five countries. DCG will now look to consolidate its position in all markets as the leading operator of property classifieds in Asian frontier markets.

“With additional resources and knowledge at our disposal, Bproperty will continue to push forward with its vision of providing market leading services to consumers in Bangladesh, including working with the financial and construction industries in regards to new solutions.” Mark said.

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Anwar Group of Industries Organized ‘Induction of Leadership’ program

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Anwar Group of Industries, a leading Bangladeshi conglomerate, celebrated a momentous occasion with the formal induction of its new leadership team.

In a ceremony held at the Dhaka Chamber of Commerce and Industry (DCCI), Mr. Manwar Hossain, Chairman of Anwar Group of Industries, officially announced Mr. Hossain Mehmood as Vice Chairman and Mr. Hossain Khaled as the Group Managing Director of Anwar Group of Industries. Additionally, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood were sworn in as Deputy Managing Director of Anwar Group of Industries.

The “Induction of Leadership” ceremony on March 3, 2024, marked a memorable and new chapter for Anwar Group of Industries. At the ceremony, Mr. Manwar Hossain, Chairman of Anwar Group of Industries, presented the group’s brooches to Mr. Hossain Mehmood, Mr. Hossain Khaled, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood. The ceremony was also attended by members of the Anwar family, stakeholders, and employees.

Committed to empowering its employees and creating a shared vision for the future, Chairman of Anwar Group of Industries, Mr. Manwar Hossain announced a groundbreaking move, all future employees will be made shareholders. This bold initiative underscores the group’s belief in the value of its employees and its commitment to building a sustainable and inclusive future.

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Shark Tank Bangladesh: Meet the Sharks!

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The global phenomenon show “Shark Tank” is finally coming to Bangladesh as Shark Tank Bangladesh. Bangladesh’s top OTT platform, Bongo, signed a deal with Sony Pictures Entertainment to bring the world’s number-one business show to Bangladesh.

“Shark Tank” allows entrepreneurs to pitch their business idea to a panel of investors, known as “Sharks”, who can offer the entrepreneurs cash for a deal if they like the opportunity. Whether it is a prototype of a new product, an existing product or service, or a company looking for a financial injection to grow, the entrepreneurs have to convince the five “Sharks” to invest in their idea and help turn their life’s work into a household name.

Since launching in 2001 as “Money Tigers” on Nippon TV in Japan, the format has become a phenomenal worldwide success. It is produced in territories on every continent under a variety of names including “Dragon’s Den”, “Lion’s Den,” and of course “Shark Tank.” The format has seen Dragons, Lions, and Sharks, all hugely successful entrepreneurs themselves, invest nearly $1 billion through all versions of the franchise across the globe, enabling dozens of companies to grow significantly. Entrepreneurs who have been onboarded into the “Shark” ecosystem have seen massive growth and generated billions of dollars in sales after receiving deals and being featured on the show.

Shooting for the much-anticipated show is scheduled to kick off on February 12th, after having screened more than 2,000 companies to select the best businesses. Producers from Sony, Arch Dyson, and Kevin Hyland, who have helped supervise and produce versions of the show around the world, will be present in Dhaka to unveil the Sharks and oversee the first few days of the shoot.

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After a long wait, the panel of Bangladeshi Sharks is ready to be unveiled. The investors, aka Sharks, are all business leaders in their own right and are excited to hear the pitches from the innovative Bengali entrepreneurs.

Robi is the “Title Sponsor,” Startup Bangladesh is the “Powered By Sponsor,” Tally is the “Co-Sponsor”, Prime Bank is the “Banking Partner,” Olympic Foodie Instant Noodles is the “Snacks Partner,” Sunquick is the “Beverage Partner,” Yellow by Beximco is the “Wardrobe Partner”,  Kloth Studio is the “Style Partner”, Holiday Inn is the “Hospitality Partner”, Inn Star is the “Pre-Pitch Interview Room Partner”, Euro Vigil Security Services is the “Security Partner”, Raw Exposure is the “Photography Partner”, Live2Web is the “Backstory Partner”, Chows is the “Restaurant Partner”,Miniso is the “Gift Partner” and Concito is the “PR Partner” of Shark Tank Bangladesh Season 1. Deepto TV will broadcast the inaugural season of the show while it will be streamed on Bongo.

Shark Tank Bangladesh Season 1: The Sharks

Sami Ahmed

Startup Bangladesh

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Sami Ahmed, Managing Director and CEO of Startup Bangladesh Limited (SBL), a Government Venture Capital firm, spearheads seed-stage and growth-stage startup investments. He is committed to helping empower the local startup ecosystem and has dedicated his career to helping improve the tech landscape in Bangladesh.  Previously, he advised LICT and held pivotal roles in Bangladesh’s IT-ITES Industry and BASIS. His influence extends to the Government and private sector. With a background in computer science from the University of Texas, Austin, he leverages US experience to foster Bangladesh’s ICT growth. Recognized for shaping digital policies, Ahmed’s return to Bangladesh signifies a commitment to societal and national progress, solidifying his pivotal role in the country’s startup ecosystem.

Nazim Farhan Chowdhury

ADCOMM

Nazim Farhan Choudhury is a serial entrepreneur and a feminist. He is also the Managing Director of Adcomm Holding Group which has investments in Advertising, IT, Hospitality, and Media. They have also been active investors in the Bangladesh startup scene for over a decade. The most prominent of their investment is in one of the top 3 advertising agencies in Bangladesh.  With stellar clients like Unilever, Akij Ventures, and a host of top brands in the country, Adcomm over the last 50 years has been a powerhouse in the advertising communication space. The group’s IT companies GraphicPeople, SoftwarePeople, and The Kow Company are amongst the country’s top ITES exporters, employing over 600 people. The group’s Nazimgarh Resorts runs two luxury resorts in Sylhet. Choudhury’s involvement in the start-up ecosystem has been proven by an enviable string of investments including Aamartaka, HandyMama, and Babuland among quite a few others. Choudhury is also an active mentor and is involved in voluntary organizations like the Jaago Foundation as a founding trustee.  Choudhury’s commitment to innovation and excellence cements his influence in Bangladesh’s business community.

Golam Murshed

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Majesto Limited/Ex-Walton

Golam Murshed,  currently the Managing Director of Majesto Limited is a dedicated business leader who has left an enduring mark on Walton, a renowned conglomerate, over a decade-long career, where he helped catapult them into a multi-billion dollar company as the Managing Director. His commitment to excellence, innovative production, and assertive marketing strategies have positioned him as a prominent figure.Murshed’s exceptional leadership, coupled with his expertise in technology and product management, empowers him to navigate dynamic market landscapes effortlessly. His dedication to innovation and industry leadership is now poised to revolutionize the furniture industry.

Kazi Mahboob Hassan

R Ventures PLC

Kazi M. Hassan, CEO of Robi’s digital ventures arm R Ventures PLC, drives the company’s digital growth, collaborating with partners to enhance customer experiences. With an MBA from Oxford and FCCA qualification, he chairs ACCA Bangladesh’s Member Advisory Committee. Previously, Kazi led international strategies at logistics giant DELHIVERY, advised a2i on restructuring, and held key roles at local Telcos. He supports Bangladeshi startups, mentors entrepreneurs, and attracts foreign investments, contributing significantly to the country’s tech ecosystem.

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Samanzar Khan

AKS Khan Holdings Ltd

Samanzar Khan is the Managing Director of A K S Khan Holdings Ltd, an investment and operating company that aggressively identifies and acquires companies in which it can leverage its strengths to generate superior earnings or market value. She is the eldest daughter of Mr. A K Shamsuddin Khan, Chairman of A K Khan & Co. Ltd. A Barrister by qualification, she graduated from the London School of Economics. She founded Bonex UK Ltd in 2008, marketing unique fire-fighting solutions in the UK and Europe. In 2010, she returned to Bangladesh to become the CEO of A K Khan Healthcare Trust, a non-profit founded by her father to enhance healthcare in Bangladesh. A decade on, she now manages a diverse portfolio of companies across different sectors ranging from healthcare, agriculture to education.

Fahim Mashroor

Bdjobs.com

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Fahim Mashroor is Managing Director of Bdjobs.com, the most popular online job searching platform in the country. Fahim founded Bdjobs 23 years ago in 2000. Currently the company has over 300 members working in the 10 offices across the country. It is the first tech company that got valued by a global tech company. In 2015, SEEK Australia purchased its 25% share at a valuation of 25 Million USD. Fahim Mashroor has been investing actively in different tech startups in software, logistics, fintech and eCommerce. For his innovative contribution in the tech industry, Fahim has received a number of prestigious awards such as Best SME entrepreneurs by SME foundation and ICT Personality of the Year by ICT ministry

Ahmed Ali

TISTA Science and Technology Corporation

Ahmed R. Ali, Founder and Chairman of TISTA Science and Technology Corporation, grew the company from a small operation to a thriving multimillion-dollar enterprise, emphasizing hard work and excellence. Inspired by Top Gun, he joined the military to fund his education, excelling as a radio frequency engineer. Transitioning to IT security, Ahmed founded TISTA, overcoming challenges with determination to take his cyber security firm to a several thousand crore annual revenue company which he built from the ground up. Raised by Bangladeshi immigrant parents, he values giving back to the country and honors his heritage through TISTA’s name. Ahmed’s story reflects resilience, service, and a commitment to impact.

In addition to these Sharks, several other high-profile female entrepreneurs will be joining the Tank. Their names will be shared soon.

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Telenor to sell Pakistan telecoms unit for $490 mln

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OSLO, Dec 14 (Reuters) – Norway’s Telenor (TEL.OL) said on Thursday it had agreed to sell its Pakistan unit to state group Pakistan Telecommunications (PTCA.PSX) in a transaction valuing the unit at 5.3 billion Norwegian crowns ($490 million).

The Norwegian group has been restructuring its Asian businesses, building bigger units in Thailand and Malaysia via local mergers, and had said it hoped to decide on a solution for the Pakistan business by year-end.

“We also tried to do a merger in Pakistan but we didn’t manage to get that, and when we saw this wasn’t happening the second-best alternative was to arrange a sale,” Telenor CEO Sigve Brekke told Reuters.

“It was a combination of not getting the structure in place, and value. So we found a sale was better for our shareholders,” he added.

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Telenor Pakistan, launched 18 years ago, has 45 million customers.

Pakistan Telecommunications’ share price rose 8.3% on Thursday, while Telenor’s was up 1.1% at 0837 GMT.

In the first nine months, Telenor Pakistan contributed 2.6 billion crowns in service revenue and 1.4 billion crowns in earnings before interest, tax, depreciation and amortisation (EBITDA) to the group.

The deal is subject to regulatory approvals, and the aim is to close it during 2024. The sale was not estimated to have a significant impact on financials for 2023, Telenor said.

Telenor’s remaining Asian portfolio consists of stakes in Grameenphone in Bangladesh, CelcomDigi in Malaysia and True Corp in Thailand, with close to 160 million customers combined.

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“Telenor Asia will remain an active owner for the three market-leading businesses which make up our Asian portfolio,” said the head of the company’s operation in the region, Petter-Boerre Furberg.

($1 = 10.7403 Norwegian crowns)

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