Investments
2Portfolio Exits
1About GP Accelerator
The firm is designed to empower technology startups with the resources they need to build, grow, and develop. A four-month bootcamp that provides seed funding, expert mentors, top-notch curricula, in-house development resources, and investor access. The programme accelerates startups’ growth, five startups at a time.
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Latest GP Accelerator News
May 3, 2023
03 MAY 2023 Grameenphone booked revenue gains in Q1 on higher data usage while its bottom-line fell due to elevated capex. CEO Yasir Azman noted in Grameenphone’s earnings release its continued network investment resulted in it doubling fibre connectivity and deploying more than 2,400 4G base stations for a total of 20,100. Azman said Grameenphone’s “ongoing modernisation and transformation journey” is starting to show results. Net profit declined 3.7 per cent year-on-year to BDT7.8 billion ($73.6 million), impacted by higher depreciation from spectrum purchases, new site rollouts and higher finance costs. Revenue rose 2.8 per cent to BDT37.3 billon, with data up 14.2 per cent to BDT10 billion. It was Grameenphone’s eighth consecutive quarter of year-on-year revenue growth. Azman stated with the resumption of SIM sales in early January following a six-month government ban, Grameenphone’s subscriber base returned to growth, with the sum up 1 million to 80.1 million. Year-on-year, its user base was down by 3.6 million subscribers. Capex increased 77 per cent to BDT6.9 billion. ARPU grew 7.5 per cent to BDT153.
GP Accelerator Investments
2 Investments
GP Accelerator has made 2 investments. Their latest investment was in Shopway as part of their Incubator/Accelerator on November 11, 2019.
GP Accelerator Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/6/2019 | Incubator/Accelerator | Shopway | Yes | 1 | ||
8/11/2016 | Incubator/Accelerator |
Date | 11/6/2019 | 8/11/2016 |
|---|---|---|
Round | Incubator/Accelerator | Incubator/Accelerator |
Company | Shopway | |
Amount | ||
New? | Yes | |
Co-Investors | ||
Sources | 1 |
GP Accelerator Portfolio Exits
1 Portfolio Exit
GP Accelerator has 1 portfolio exit. Their latest portfolio exit was Shopway on October 12, 2020.
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