6 months

Min. Investment

৳ 10,000

Projected ROI

17-20% per annum

Risk Grade



Turtle Venture specializes in start-up ecosystem development and consultancy. They are looking to raise financing to facilitate a work-order from renowned national (Lightcastle Partners) and international stakeholders (Swiss Embassy (SDC) and Roots of Impact Gmbh). Investors can expect to earn between 8.5%-10.0% profit on their investment in 6 months (17-20% per annum).

Niketan, Dhaka, Bangladesh

Turtle Venture

৳ 2,137,000 Raised
৳ 0 Being Processed
0 Days Left
Goal: ৳ 2,000,000
The campaign is successful.
By saeed
15 Campaigns | 0 Loved campaigns

The Business

Accordion Content

Turtle Venture is a startup ecosystem development and consultancy company specializing in pre-seed and seed stage startups, with their amazing expertise and network. Their belief is that in the race of entrepreneurship industry, be the turtle, as moving steadily leads to sustainability and helps stand out to the ultimate success. So, persist your way and behold your dream with Turtle venture.

They have served 115+ Startups & SMEs, worked with 50+ Local & International Partners in 10+ Industries & organized 9+ Accelerators & Incubator till date.

Website | Facebook | LinkedIn

Office address: House – 62, Road- 3, Block – B, Niketan, Gulshan, Dhaka, Bangladesh.


💡 Is there any investment risk involved?

Investments have risks by definition, especially if they are halal. Please find possible risk details for this campaign in the “Risk” section below.

Saraban Tahura Turin, the young founder of Turtle Venture is an ambitious & innovative problem solver and community builder in Bangladesh Startup Ecosystem. In over 7 years in this industry, she has delivered several incubators & accelerators for Bangladeshi startups & developed a strong network of partners from both Local & Global levels.

She has a Computer Engineering background, but started her career as Global Marketing Executive at the age of only 18 in one of the largest advertising agencies in Bangladesh. There she developed a knack for Startups that is still driving her to change the narrative of the Bangladeshi Startup Ecosystem to the World. With a fair share of successes and failures, Turin has founded 5 Startups till now while being immensely active in the startup scene of the country.

She has been a Project Associate of BetterStories Ltd; a Project Associate and Portfolio Manager of “ScaleUp Bangladesh”, developing plans for the business growth of 5 businesses under her portfolio; and a Project Associate for Zeitgeist, planning the whole year-long young entrepreneur acceleration program organized by “BetterStories Ltd” and “German Embassy”. In 2018, She founded “Turtle Venture” which is a Startup Ecosystem Development & Consultancy Company for Bangladeshi Startups to prepare the Bangladeshi Startups for the global stage and bring global investors & stakeholders to the Bangladesh startup scene. From day one of Turtle Venture, she has been focused on this vision and that’s why she became Regional Partner of “She Loves Tech” which is the biggest startup competition for women and technology in the world. For three years now, She Loves Tech- Bangladesh round is being organized by Turtle Venture and helped change the social view towards female founders. She also played a key role in governmental and non-governmental initiatives during the pandemic like “Call for Nation” and “Food Frontiers”. She is also the country director of “Youth Hub” a Malaysia- Bangladesh-based youth organization working for STEM education and mental health for youth. Recently, She joined the “Train the Trainers” program by “Biniyog Briddhi” and “Lightcastle Partners Ltd.” and got selected as certified service providers of Investment Readiness and Impact Measurement & Management services.

  • Founding team with years of experience in startup industry & domain knowledge.
  • Already completed the project successfully one time & renewed for the second year.
  • Renowned stakeholders like Roots of Impact, Swiss Embassy of Bangladesh & Lightcastle Partners limited

The Contract

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The investment is for a period of 6 months, from 1st January 2023 to 30th June 2023. Investors can expect to receive 100% repayment (investment + profit share) by first week of July. 

Please note: Actual dates may change depending on fund-raising timeline

ROI (total expected): 8.5-10.0%
ROI (annualized expected): 17-20%

biniyog.io will NOT charge the investors any fees for its services. 

Example: if someone invests BDT 100k in the campaign, he/she can expect to receive an amount between BDT 108.5 – 110k by the first week of Jul’23.

  • Investors will go into a Musharaka agreement (partnership) with Tutrtle Venture
  • It will be a profit-sharing contract, where Turtle Venture will be using the investment amount as working capital to provide services of a project with renowned local and international partners. They will generate a healthy revenue in tranches at the end of the project.
  • biniyog.io will act as an agent for the investors and collect necessary funds and deposit to the business account of Turtle Venture
  • biniyog.io has proposed a 97:3 split of the profit generated during from this particular work order. 97.0% of the gains will be the share of business and 3.0% will be shared with investors; Turtle Venture has agreed to it
  • Investors can expect to get their returns (investment + profit) within first week of Jul’23, and biniyog.io will verify the financials to ensure proper profit-share disbursement
  • In the highly unlikely scenario that the business incurs net loss from this work order, investors will have to bear the loss as per the % of loss incurred (see further details in “Risks” section below)

Shariah Compliance

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Investors appoint biniyog.io as an agent to deal on their behalf (Wakalah) and invest into the business under a partnership (Musharakah) agreement that makes them eligible for receiving profits generated by the business.

biniyog.io has consulted Shariah advisors and applied the basis of the Musharakah contract as per their direction.

Potential Risks

Accordion Content

Turtle Venture has shared their overall financial statement, and they are running in a self-sustainable model
. They have already received the payment from their previous deliverable with Roots of Impact & Lightcastle Partners, and are raising this financing to help manage this year’s (2023) deliverables.

The issuer of the work-order will make payments only after they are satisfied with the “quality of service”. Failing to provide the expected service will result in a penalty (upto 50%) in payments.
Turtle Venture’s strategy: They were selected from a pool of candidates to provide the required service by the issuer (Root for Impact GMbh). Turtle Venture had to complete and pass a session named “Train the trainers” organized by the issuer of the work-order. Besides, they have received double the amount of work order this time compared to last year, which is a proof that they maintained quality. 

Since it is an international payment, there may be delays in processing the payment by the banks to channel the payment to Turtle Venture’s account. Additionally, the payment issuing might be delayed by the issuer in the first place.   
Mitigation: The payment date from issuer of Work Order is after 4.5 months. However, duration of the investment is set for 6 months considering a delay in payment and bank related issues.  

Turtle Venture will generate revenue in US Dollar for this work order. biniyog.io investors will also have to rely on the foreign exchange rate to know the exact revenue generated in Bangladeshi Taka. This is a risk that the investors have to bear to ensure Shariah compliance.

Investors need to keep in mind that Taka has depreciated against US Dollar for the past few months, leading to higher earning from providing services to international clients. This was a positive scenario for such cases, however this may or may not be the case in the next 6 months, so the return may vary due to change in US Dollar exchange rate.

To ensure Shariah-compliance, investors have to share a portion of losses (if incurred) from this work order.
For example, if someone invests BDT 10k and the project incurs a loss of 5%, the investor would get back BDT 9.5k.

However, since the work order is from international clients, and the margin is substantial, chances of any loss occurring is negligible.

Turtle Venture will share a security cheque with biniyog.io, which will be encashed in case of any breach of contract.


This investment opportunity is based on a first come first serve basis. Your investment is secured only after your transfer-proof has been received. If the investment quota is already filled, your transferred amount shall be returned.

Return of your capital is NOT guaranteed. Investment, by default, requires a risk appetite. Past performance is not a guaranteed indicator of future outcomes.

biniyog.io only acts as a consultant to the investor and the business, and does NOT manage funds for any party.

biniyog.io does risk assessment to a certain extent, but will NOT be liable if the business does not perform as per expectation.

For any questions, please use the chat icon on the right or leave a message.

  • 13-12-2022

    This campaign is now live on biniyog.io!

    The funding campaign has started. The target is BDT 15 lac with a stretch goal of BDT 20 lac.
  • 09-01-2023

    The campaign has been extended with stretch target

    The target is BDT 15 lac has been reached and the campaign will continue with target of BDT 25 lac