iFarmer, Bangladesh’s largest agritech startup, has secured investment from Razor Capital as part of its Series A funding round, underscoring the importance of agritech in the country. This investment aims to enhance iFarmer’s role in improving financial inclusion for farmers and expanding its network across Bangladesh’s agriculture value chain. The funds will support iFarmer’s growth by enhancing its supply chain capabilities, exploring export markets, and investing in climate-smart agricultural inputs. Founded in 2019, iFarmer offers a range of services including agricultural input distribution, farm advisory, financial services, and market linkages. The company has already facilitated $53.5 million in financing for farmers and moves around 12,000 tons of produce monthly. With a growing population and the challenges posed by climate change, iFarmer’s tech-driven approach and extensive network of ‘iFarmer Centers’ are pivotal in supporting over 150,000 farmers in Bangladesh.
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