Maslin Capital Limited, fund manager and sponsor of "Maslin VC Fund – I," recently provided 'series A investment' to E-Desh Limited, a domestic e-commerce logistics company.
The two companies recently signed an agreement to this end.
Under the agreement, Maslin will be guiding E-Desh in future fund management and strategic business growth, reads a press release on Monday.
Maslin believes in E-Desh's vision of enabling techno-logistics services all across Bangladesh and an international package delivery ecosystem for the fastest evolving online and offline marketplaces, the press release added.
This investment fund will assist E-Desh to develop its infrastructure, build operational capacity, international network expansions, and customer acquisition.
E-Desh provides nation-wide delivery, cross border logistics, and international commercial freight and courier services.