Close Menu
    Main Menu
    • Home
    • News
    • Innovation
    • Interviews
    • Leadership
    • Generations
    • Money
    • Investment
    • Our Services
      • Heir Management for Bangladeshi Companies
      • Profitability Consultancy for Suffering Companies
      • Market Leadership Consultancy
      • Market Intelligence Consultancy
    • Blog
    Facebook X (Twitter) Instagram LinkedIn
    Trending
    • Bangladesh Gears Up to Tap South Asia’s $37 Billion Logistics Boom
    • When Virality Outshines Value: The Salt Bae Case
    • NBR Expands Duty-Free Imports for 8 Sectors to Cut 80% Export Reliance on Garments
    • Chattogram Port to Go Fully Digital by February 2026
    • Xiaomi Dismantles Tesla Model Ys to Perfect Its YU7 SUV
    • Trade Costs Between Bangladesh and India Jump 20%
    • UK Seeks Deal as US Pushes for Local Drug Production
    • Bangladesh Apparel Exports to US Grow Despite Tariffs
    Subscribe
    Business BrillianzBusiness Brillianz
    Facebook X (Twitter) Instagram LinkedIn
    Thursday, October 9
    • Home
    • News
    • Innovation
    • Interviews
    • Leadership
    • Generations
    • Money
    • Investment
    • Our Services
      • Heir Management for Bangladeshi Companies
      • Profitability Consultancy for Suffering Companies
      • Market Leadership Consultancy
      • Market Intelligence Consultancy
    • Blog
    Business BrillianzBusiness Brillianz
    Home | Blog | Digital Business | Bangladeshi-founded Australian firm hits $1B valuation
    Digital Business

    Bangladeshi-founded Australian firm hits $1B valuation

    March 24, 20242 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bangladeshi-founded Australian firm hits $1B valuation
    Share
    Facebook Twitter LinkedIn Copy Link

    Deputy, an Australian software company specializing in workforce management, recently achieved a valuation surpassing US$1 billion, marking it as the first Australian tech ‘unicorn’ in two years. Co-founded by Ashik Ahmed, an immigrant from Bangladesh, Deputy reached this significant milestone following a US$37 million investment from Express Employment Professionals, a staffing company based in the United States.

    This investment from Express Employment Professionals represents Deputy’s first external funding in six years, propelling the company to become Australia’s first private tech ‘unicorn’ since 2022, according to a report by the Australian Financial Review (AFR), a prominent business news platform in Australia. The report highlights that Express Employment Professionals, initially viewed as a potential customer by Deputy, was so impressed with Deputy’s services that it opted to acquire a stake instead, elevating the Australian company’s valuation to over US$1.1 billion.

    Ashik Ahmed’s inspiration for Deputy traces back to his experiences as a 16-year-old employee at Hungry Jack’s, where he identified a critical need for improved organization among shift workers. Collaborating with entrepreneur Steve Shelley, Ahmed founded Deputy in 2008 to address this market gap, offering modern tech-driven solutions for managing and communicating shift schedules, as outlined in the AFR report.

    In 2023, Deputy welcomed Silvija Martincevic, former Chief Commercial Officer of US-based Affirm, as its new CEO. With Ahmed transitioning to the board alongside Shelley, Deputy has demonstrated positive financial performance since then, reporting its first profit in the fiscal year ending June 30, 2023, with annual revenue exceeding US$100 million.

    Bangladeshi-founded Australian firm Bangladeshi-founded Australian firm hits $1B valuation hits $1B valuation

    Related Posts

    Bangladesh Gears Up to Tap South Asia’s $37 Billion Logistics Boom

    October 4, 2025

    NBR Expands Duty-Free Imports for 8 Sectors to Cut 80% Export Reliance on Garments

    September 30, 2025

    Chattogram Port to Go Fully Digital by February 2026

    September 29, 2025
    Leave A Reply Cancel Reply

    ShareTrip-New-Ads-Banner
    Swish-Banner-Ads
    Pathao Courier

    Category
    • AI (9)
    • Awards & Recognitions (7)
    • Building & Construction (1)
    • Digital Business (11)
    • Electronics (3)
    • Events (4)
    • Export & Import (12)
    • Finance & Banking (31)
    • Innovation (12)
    • Investment (22)
    • Leadership (2)
    • Lifestyle & Fashion (2)
    • Money (11)
    • News (198)
    • Newsletters (1)
    • Real Estate (1)
    • Small Business (3)
    • Tech (4)
    • Uncategorized (3)
    About Us
    About Us

    Business Brillianz is Delivering Cutting-Edge Updates, Strategies, and Expert Advice for Businesses.

    Quick Links
    • Home
    • Blog
    • About Us
    • Contact Us
    Our Terms
    • Privacy Policy
    • Terms and Conditions
    Facebook X (Twitter) Instagram LinkedIn
    Copyright © 2023 | Business Brillianz.

    Type above and press Enter to search. Press Esc to cancel.