Jatri gets good response

Bolstered by seed financing rounds, backed by globally-known investors, the country's transport sector is expanding at a faster pace than before after introduction of public transport apps several years back.
Superangel, Falcon Network, Tahseen Consulting, and other leading global investors are invsting in Bangladesh's 'mobility sector'.
Jatri, which in among the leaders, is redefining the public transport passenger experience with plans to scale regionally, including Dhaka, and globally, says a statement.
Bangladeshi technology start-up Jatri announced that it has closed a seed round for an undisclosed amount backed by the investors - many of whom were early investors and advisors to leading transport apps like Bolt (previously Taxify), Uber, Bird, Angkas, and Buseet. The seed round is being viewed as a watershed moment for the country's rapidly growing digital economy in achieving global attention.
Jatri's pre-seed financing came from Adventure Capital, a global venture capital fund founded by Fahim Saleh, an early investor in Pathao and several other on-demand transport apps. The participation of prominent global investors in Jatri's seed round indicates a growing appetite for early-stage investments in Bangladesh, one of the fastest growing economies in the world.
Mikko Silventola, Chairman of Frontier Growth Capital, says "Jatri is already transforming the public transport experience in Bangladesh. It is the type of startup that global investors are fighting to get into."
"In Jatri we see a passionate, experienced management team where we believe our capital and expertise can transform public transport in Bangladesh and globally leveraging technology," said Wes Schwalje, Chief Operating Officer of technology advisory and investment firm Tahseen Consulting. Jatri was founded in early 2019 by Aziz Arman, Khondoker Taswar Zahin and Zia Ahmed who saw an unmet need to enhance the reliability of public transport to address Bangladesh's traffic congestion challenges and insufficient public transport system.
Transport surveys show that the primary reason for Bangladeshis not using public transport is unreliability.
Jatri views increased bus ridership as a critical solution to enhancing public transport ridership. The founders have set about redesigning the passenger experience for public transport users starting with buses.
Jatri's mobile application enables digital tracking and ticketing which significantly enhances the rider experience on buses. Its technology also enables bus operators to enhance schedule adherence and optimize travel times.
In just over eight months of operation, Jatri has over 30,000 unique users, and its technology has been used by leading bus operators to complete more than 50,000 trips.
Fahim Rahman, Managing Partner of Noksha Capital and angel investor says, "We look forward to working with the Bangladesh Road Transportation Authority (BRTA).