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Incubator/Accelerator
grameenphoneaccelerator.com

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Investments

2

Portfolio Exits

1

About 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.

GP Accelerator Headquarter Location

GP House Block-B, Bashundhara R/A

1229,

India

91 1777775571

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Latest GP Accelerator News

GP registers over 8% growth in Q2 of...

Jul 15, 2021

The company acquired 1.3 million new subscribers Grameenphone Limited on Thursday reported total revenues of Tk3,576 crore for the second quarter of 2021, registering an 8.1% year-on-year growth. The company acquired 1.3 million new subscribers, said a press release. The board of directors of GP recommended an interim dividend of Tk12.5 per share for shareholders at the board meeting held Wednesday. “Our effort in enhancing customer experience and digitalization resulted in more subscribers choosing Grameenphone and an increase in data usage in the second quarter,” said Yasir Azman, CEO of GP. “Following the extensive expansion of 4G to all our towers in the first quarter, Grameenphone has focused on deploying the newly acquired spectrum, and continued rolling out new sites. These efforts have enabled us to enhance the experience for our customers, meeting the demand for high-speed internet, while keeping our commitment to support the digitalization of Bangladesh,” he continued. Grameenphone’s 4G data users increased by 2.3 million, growing by 56.5% YoY while digital recharge increased by 14.5%. “The improving momentum from the beginning of 2021 has translated into growth in the second quarter as our subscription and traffic revenues grew by 8.5% from last year. Data usage per customer increased by 38.6 percent while there was a 7% YoY growth in data users,” said Jens Becker, CFO of Grameenphone. “We ended the quarter with an 8.1% growth in total revenues with an EBITDA margin of 62%. Net profit after tax for the period stood at Tk851 crore with a 23.8% margin,” he added. During the second quarter of 2021, Grameenphone Ltd invested Tk518.5 crore for network coverage. Grameenphone’s total number of sites stands at 17,416. The company has paid Tk5,450 crore, equaling 77.2% of its total revenues, to the national exchequer in the form of taxes, VAT, duties, fees, 4G license, and spectrum assignment in the first half of 2021. Leave a Comment

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.

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GP Accelerator Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/6/2019

Incubator/Accelerator

Shopway

Yes

1

8/11/2016

Incubator/Accelerator

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$99M

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10

Date

11/6/2019

8/11/2016

Round

Incubator/Accelerator

Incubator/Accelerator

Company

Shopway

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Amount

$99M

New?

Yes

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Co-Investors

Sources

1

10

GP Accelerator Portfolio Exits

1 Portfolio Exit

GP Accelerator has 1 portfolio exit. Their latest portfolio exit was Shopway on October 12, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/12/2020

Acquired

1

Date

10/12/2020

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

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