Monday, December 31, 2018

Pathao: From jobless to the owner of $100 million

Three founders of ride-sharing company, Pathao, did something that could not be done by Facebook founder Mark Zuckerberg, Alibaba founder Jack Ma and even Amazon founder Jeff Bezos. Within a very short period of time, Pathao became so popular that it attracted foreign investors to invest a huge amount of money in this local startup. It made three unemployed youths- Hussain M Elius, Shifat Adnan and Kishore Hashemi- millionaire. Now, they are the role model to many youth who want to start their own startup.
In Dhaka city, smartphone-based transport app Pathao has already created a lot of response in the transport system. Pathao has revolutionized the transport system of Dhaka, one of the populous cities in the world. Such initiative has decreased the suffering and adversity of the dwellers of the capital.  

It was March 2015. Of the three entrepreneurs, Hussain M Elius had just completed his M.B.A degree in Marketing from North South University. Shifat Adnan, another founder, had already graduated with a degree in Computer Science and Engineering from Rajshahi University of Engineering and Technology (RUET). These two young people thought of doing something on their own instead of running after job.

To make their thought come true, two friends started working as delivery agent in a limited capacity. They delivered documents to homes on by-cycle. That is how ‘Pathao’, today’s popular ride sharing company, began its journey.

At a time, two friends thought of starting two-wheeler or motorcycle service. Motorbike would easily take the passenger from one place to another place. As a result, it will save time on the one hand, and on the other hand, passengers will not have to pay extra money. At that time, Kishore Hashemi, who studied in Canada, joined Pathao.

The three people together started the work of making app with the local developer. After making app, they launched the smartphone-based motorbike service, Pathao, for the first time in the capital. This service was launched in November 2016.

These three young people, who started from zero, are now the owners of $100 million or Tk 820 crore in Bangladeshi currency, which is a unique record for Bangladeshi youth. They started the business with three motorcycles, their only asset.

With honesty and industry, they started getting success in a short period of time. Seeing their success, many foreign investors invested in their business. As a result, these three young people could become the owner of $100 million.

Crossing the national boundary, Pathao is going to set its foot in international arena. This organization, which provides bike, car and food services through app, is going to start its operation in Nepal now this time. This is going to be the first Bangladeshi ride-sharing start-up to start its operation abroad. Pathao officials have said that they will give formal announcement regarding this matter very soon.

Source- http://www.pbd.news/selected/69802/পাঠাও-দিয়েই-৮২০-কোটি-টাকার-মালিক-তিন-তরুণ

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