Startup Bangladesh Limited has cancelled its Tk 50 million investment in 10 Minute School after the online educational platform's founder posted in support of the quota reform movement on Facebook, reports bdnews24.com. On Monday, Startup Bangladesh took to Facebook to announce the cancellation of the investment, stating: "Startup Bangladesh Limited has cancelled the investment proposal of Tk 50 million for 10 Minute School." A few minutes later, Zunaid Ahmed Palak, the ICT state minister, shared Startup Bangladesh Limited's post from his official Facebook page. Startup Bangladesh is the flagship venture capital fund of the government's ICT Division. Ayman Sadiq, the chief executive officer of 10 Minute School, could not be contacted for comment either due to his mobile phone being switched off.

Source: bd News24 July 17, 2024 01:56 UTC