Astha IT raises multi million dollars investment from market giant Fakir Fashion Limited and signs a strategic alliance.

Jun 3, 2024 |
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Astha IT, a leading tech company from Bangladesh, has recently secured multi-million dollar investment from Fakir Fashion Limited, a prominent market giant in the Bangladesh’s RMG industry. This strategic alliance aims to leverage the strengths of both companies to drive innovation and accelerate digital transformation across various sectors worldwide!

Astha IT is an ISO-certified software development firm that specializes in building scalable and innovative technology solutions. With over 15 years of experience, the company has a proven track record of delivering successful projects for governments, large enterprises, and startups across the globe. Astha IT’s team of over 500 talented professionals is renowned for their expertise in areas such as AI, DevOps, cloud computing, and cutting-edge software development. Astha IT CEO, Hasnaeen Rizvi Rahman, expressed excitement about the recent funding, stating, “This alliance will extend our global horizons to an endless extent! We are looking forward to spread all over the world!”

Fakir Fashion Limited, on the other hand, is a market leader in the fashion industry, known for its high-quality apparel and accessories. The company has a strong presence across Bangladesh and has been at the forefront of driving digital transformation within the fashion sector. Fakir Fashion Limited’s investment in Astha IT signifies its commitment to leveraging technology to contribute to developing the IT infrastructure of the country by serving the world! . Managing Director Fakir Kamruzzaman Nahid, emphasized to technological advancement, stating, “Together, I believe we will leverage our collective expertise, creativity, and passion to transform great ideas into groundbreaking realities.”

The successful funding round and strategic alliance between Astha IT and Fakir Fashion Limited mark a significant milestone for both companies. This partnership is poised to develop innovative digital solutions that address the evolving needs of the new era. This includes making the use of advanced technologies and Artificial Intelligence our slice of life and become the globally most renowned local name!

This partnership was made effective through a signing ceremony on Tuesday, 28 May, 2024 at Six Seasons Hotel. Along with key members from both the organizations and important persons from different big brands of the country, BKMEA vice president, Fazlee Shamim Ehsan, BASIS president, Russell T Ahmed and BASIS senior vice president, M Rashidul Hasan were present in the event.

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