STARTUPS

STARTUPS

Grubhub to fire 500 employees

Grubhub, the US-based food delivery company, has announced plans to lay off approximately 500 employees, representing more than 20% of its workforce, according to an official letter by Grubhub CEO Howard Migdal.

4d ago

GP accelerator gala celebrates 20 startups

Grameenphone (GP) hosted the gala event for its GP Accelerator initiative, ‘Jelay Jelay Smart Uddyokta’, in Dhaka, celebrating the achievements of 20 startups. 

6d ago

Former OpenAI CTO launches new startup; hires several OpenAI employees

Mira Murati, the former OpenAI Chief Technology Officer, has recently launched her new AI startup, Thinking Machines Lab, assembling a team of 30 top researchers and engineers. About 20 of these hires are former OpenAI employees, with additional experts coming from companies such as Meta and Mistral.

2w ago

Startup Bangladesh invests BDT 11.10 cr in local startups

Startup Bangladesh Limited, the government-backed venture capital firm, has invested BDT 11.10 crore over the past six months, according to a recent press release. From September 2024 to January 2025, the organisation disbursed BDT 9.025 crore across nine startups.

1m ago

OpenAI to turn for-profit: Here’s what’s happening

OpenAI, the company behind the popular AI chatbot ChatGPT, announced on Friday that it plans to restructure as a public benefit corporation (PBC) - shifting to a for-profit company from its previous non-profit structure. Here's what they have planned.

2m ago

Databricks reaches $62 bln valuation following $10 bln funding round

Databricks, an artificial intelligence (AI) and data analytics firm, has reached a $62 billion valuation after completing a $10 billion funding round, one of the largest in venture capital history, according to a recent report by Reuters.

2m ago

Bangladeshi-Australian CEO gives $65K to employees as year-end bonus

AirTrunk, the data centre company founded by Bangladeshi-Australian entrepreneur Robin Khuda, is distributing $22 million in bonuses to over 300 employees, with each receiving up to $65,000.

2m ago

Bangladeshi-born Australian named 'Business Person of the Year' by Australian Financial Review

Robin Khuda, a Bangladeshi-born entrepreneur and founder of the data centre company AirTrunk, has been named The Australian Financial Review’s (AFR) Business Person of the Year for 2024.

2m ago

Grubhub to fire 500 employees

Grubhub, the US-based food delivery company, has announced plans to lay off approximately 500 employees, representing more than 20% of its workforce, according to an official letter by Grubhub CEO Howard Migdal.

4d ago

GP accelerator gala celebrates 20 startups

Grameenphone (GP) hosted the gala event for its GP Accelerator initiative, ‘Jelay Jelay Smart Uddyokta’, in Dhaka, celebrating the achievements of 20 startups. 

6d ago

Former OpenAI CTO launches new startup; hires several OpenAI employees

Mira Murati, the former OpenAI Chief Technology Officer, has recently launched her new AI startup, Thinking Machines Lab, assembling a team of 30 top researchers and engineers. About 20 of these hires are former OpenAI employees, with additional experts coming from companies such as Meta and Mistral.

2w ago

Startup Bangladesh invests BDT 11.10 cr in local startups

Startup Bangladesh Limited, the government-backed venture capital firm, has invested BDT 11.10 crore over the past six months, according to a recent press release. From September 2024 to January 2025, the organisation disbursed BDT 9.025 crore across nine startups.

1m ago

OpenAI to turn for-profit: Here’s what’s happening

OpenAI, the company behind the popular AI chatbot ChatGPT, announced on Friday that it plans to restructure as a public benefit corporation (PBC) - shifting to a for-profit company from its previous non-profit structure. Here's what they have planned.

2m ago

Databricks reaches $62 bln valuation following $10 bln funding round

Databricks, an artificial intelligence (AI) and data analytics firm, has reached a $62 billion valuation after completing a $10 billion funding round, one of the largest in venture capital history, according to a recent report by Reuters.

2m ago

Bangladeshi-Australian CEO gives $65K to employees as year-end bonus

AirTrunk, the data centre company founded by Bangladeshi-Australian entrepreneur Robin Khuda, is distributing $22 million in bonuses to over 300 employees, with each receiving up to $65,000.

2m ago

Bangladeshi-born Australian named 'Business Person of the Year' by Australian Financial Review

Robin Khuda, a Bangladeshi-born entrepreneur and founder of the data centre company AirTrunk, has been named The Australian Financial Review’s (AFR) Business Person of the Year for 2024.

2m ago

Elon Musk’s xAI secures $6 bln in equity financing: Report

Elon Musk’s artificial intelligence venture, xAI, has raised $6 billion in equity financing as it intensifies efforts to compete with industry leaders in the AI sector, according to a recent report by Reuters.

2m ago

Straight out of Shark Tank: Vibe Gaming secures investment from Adcomm

Vibe Gaming, a Bangladesh-based video gaming and electronics retailer, has secured strategic investment from Adcomm Holdings on November 28 following their pitch on Shark Tank Bangladesh.

3m ago