Project management

Onethread: the first project management software developed in Bangladesh

If you are a project manager or work on project-based tasks at any large company, chances are you are using world-renowned project management solutions such as Asana, Trello, Microsoft Teams, etc

On the other hand, if you are someone who works in an SME or a small business, you probably cannot afford these project management solution tools due to their high monthly subscription fees.

However, all hope is not lost – more or less. A Bangladeshi project management tool has come to your rescue. This local startup charges a fraction of what global market leaders in the category charge, but offers all the best solutions.

Onethread is a Bangladeshi startup that offers a smooth multi-team project management tool for efficient team collaboration. and a team of three Bangladeshi tech enthusiasts built it.

Project management tools refer to a set of planning, tracking, and administrative features intended to help project teams achieve project goals on time. It helps team members interact more effectively and speeds up the process.

Some of the features include dashboards, Gantt charts (commonly used in project management and one of the most popular and useful ways to view tasks or events displayed over time), a system schedule, timesheets, project baselines, communication plan, data analytics, time reports, invoicing features, and more.

Traditionally, most of these can be done on Microsoft Excel or Google Sheets. However, as projects get more complicated, dedicated software is often needed in larger companies.

The startup is the first of its kind in Bangladesh. In an interview with The Business Standard, CEO and co-founder Erfanul Rashik shared his company’s journey.

“Onethread is a simple project management solution. Businesses in our market depend on WhatsApp/Google sheets etc to manage work.

Onethread helps you organize all your work, puts everything on one platform, and gives you communication and file sharing features. We offer a simpler alternative to international solutions while making it the most affordable solution,” said Erfanul Rashik.

The development of the startup took more than three years as most of the team members were working part-time before its official launch in July 2021. Rashik’s vision for the startup is to help solve a fundamental problem among local businesses.

“My family business is in the RMG sector, so I could see how the internal communication is not structured. We looked at the market and saw that there were only a few solutions, but when we talked to different companies, we realized they couldn’t implement solutions due to complexity and price.

So we thought if we could provide a simple solution at an affordable price, we could disrupt the market,” Rashik said.

So far, Onethread has worked with startups, SMEs, and agencies. They are in talks with a few companies as they seek to provide them with slightly customized solutions.

“We have a full-fledged task management solution; now we’re also adding project management functionality. We’re open to new opportunities,” Rashik added.

In a short time, Onethread has grown in popularity; not only from Bangladesh but also from the global audience. Rashik said there are over 1,000 registered users on the platform. And almost 30% of their user base is outside of Bangladesh.

“We already have more than 12 paying companies in our portfolio in Bangladesh and this is growing exponentially,” the CEO said, adding “We are now talking with a few big companies who can easily help us grow our user base to 2 000. We are also planning at a major launch event to attract attention overseas as well.”

At this point, they have no local competition. The closest competition is their target group’s addiction to WhatsApp/Google Sheets.

Onethread targets small businesses as well as large enterprises that use international products and “it is an intuitive and most affordable tool [project management tool available in Bangladesh]” Rashik reiterated.

Rashik completed his studies at BUET. After that, he completed MBA from DU-IBA. Now he takes care of sales, marketing and investments. Co-founder Robat Das Orvi, a BRAC CSE graduate, leads the technical team. The other co-founder, Seeam Shahid Noor – a Harvard graduate and currently at IBM – takes care of the product team on a part-time basis.

The Onethread team is made up of 13 members, all of whom work entirely remotely. Being remote helps them integrate talent from anywhere and “we also have teammates beyond Dhaka,” according to Rashik.

Differentiate Onethread from global competitors

But how does it differ from global competitors?

“We are a small team of Bangladeshis. We focus on the most basic tools. Many well-established competitors offer many options. As a result, their expenses increase.

On the other hand, since we were mainly focusing on the local market, our first goal was to familiarize people with this software and then gradually roll out new updates,” Rashik replied.

Onethread has three pricing plans. For a team of up to five users, they can use the software for free. It only costs $1.5 per month for a team of 5-60 people. And for teams of 60+ users (or more), they provide custom solutions and charge accordingly. As the startup always emphasizes localization, it has also made the tool available in Bangla language.

The software can be used from multiple devices – through computer browsers or smartphones. Team members can collaborate on tasks and communicate with each other in real time as it also has an integrated messaging system.

Erfanul Rashik, CEO and Co-Founder, Onethread. Illustration: TBS


Erfanul Rashik, CEO and Co-Founder, Onethread. Illustration: TBS

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