Pathao is a Bangladeshi startup. The article reports the company raised $12 million in a pre-Series B funding round. The capital is intended to support a push into fintech. The article does not describe the company's core products or services. No operating metrics, valuation, or financial details beyond the round size were reported. Further specifics about investors, past rounds, or the founding year were not provided in the article. Pathao began in 2015 as a courier service and expanded into on-demand motorbike taxis, cars and logistics; it added food delivery this year. The company claims 50,000 bikes, a team of 500 employees across three cities, about one million rides and over 100,000 deliveries per month. Pathao is developing a mobile wallet to drive digital payments adoption and is exploring bike financing as an additional service. Management says the firm plans to expand to new cities — potentially reaching 25 towns and cities — and into neighboring countries while avoiding markets where Go-Jek operates. The company builds its own technology in-house and positions itself as an independent business despite strategic alignment with Go-Jek. Pathao began in July 2015 as an on-demand delivery service and pivoted to ecommerce delivery in October 2015. It provides last-mile deliveries for ecommerce sellers and previously moved varied items on demand. The company has built a reputation for responsive service and technology while investing little in marketing. Pathao handles about 500 deliveries a day, is experiencing roughly 40% month-over-month growth, and employs around 25 staff plus almost 80 delivery agents and partners. Management says the ecommerce delivery business is about to break even operationally. Going forward Pathao plans to relaunch on-demand package delivery and launch Pathao Rides, a transportation service using a fleet of 200 motorbikes that will carry people and parcels.

Total raised

$12M

Funding rounds

3

Latest round

Series B

Latest activity

Sep 2024