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Relaxy: Transforming Mental Wellness in Bangladesh | Chat with Co-founder & COO Naimul | EP46

In Episode 46, we feature Relaxy, a seed stage startup from Bangladesh, that is part of Cohort 10 of Accelerating Asia—a Singapore-based early-stage VC fund and accelerator program. We chat with Naimul Hoque Joy, Co-founder and COO, about how Relaxy is leveraging AI to address the mental health crisis in Bangladesh. With only 0.34 psychologists per 100,000 people, compared to Singapore's 9.7 per 100,000, Relaxy is making mental health care more accessible and affordable in a country where social stigma and a lack of services pose significant barriers. BE PART OF A STARTUP'S GROWTH JOURNEY If you'd like to know about the startups that we are currently supporting, fill out this form: https://forms.gle/Ndn4pn3pyfCkkeJp6 Timestamps: 02:11 - Brief Overview of Relaxy 02:46 - Relaxy Pitch Deck 05:50 - Relaxy Origin Story 08:55 - Mental Health Challenges in Bangladesh 11:42 - How does AI analyze data while protecting user privacy? 13:03 - How does the model work? 17:34 - How do you address user privacy concerns? 19:07 - How do you market and convert users to paid subscribers? 22:16 - Daily active users 22:45 - What is the Customer Acquisition Cost? 23:15 - Which products are gaining the most traction? 24:30 - How long has the platform been fully operational? 25:00 - What does your growth trajectory look like? 26:38 - Who are your current investors and partners? 27:42 - The Minimum Ticket Size 27:59 - What Valuation Cap are you currently raising on your SAFE note? 28:25 - Are there similar startups in India? 31:16 - Are there any smartphone requirements to access the platform? 36:21 - Exit Strategies 37:52 - Is there any support from the Ministry of Health in Bangladesh? 38:45 - Are your active users primarily from Dhaka? We dive into Relaxy's journey, their AI-based mental health platform, and their future plans. Naimul also shares insights on their growth trajectory, product traction, and what investors should know about their valuation cap and exit strategies. 👋🏼 GET FEATURED If you'd like to be interviewed during the show, do connect with us on LinkedIn. If you'd like to pitch to us and our network, do connect with us on LinkedIn as well. 🔗 CONNECT WITH NAIMUL HOQUE JOY: 1)   / naimul-hoque-joy   🔗 CONNECT WITH RELAXY: 💻 Website: https://relaxy.com.bd/ 🤝 LinkedIn:   / relaxy-ltd   🔗 CONNECT WITH US: 1) Osman -   / osmansingapore   2) Razy -   / razyshah   3) Follow us -   / thecluelesscapitalists   🙏 LEAVE A COMMENT Leave a comment with any feedback, ideas or thoughts about the lessons you've learnt from the episodes. Disclaimer: This content is for educational and informational purposes only and is not intended as financial advice. Always conduct your own research before making investment decisions.