iFarmer

iFarmer is a Bangladeshi AgriTech startup founded in 2019 by Fahad Ifaz (CEO) and co-founders. iFarmer connects small farmers with wholesalers and offers access to essential agricultural inputs such as seeds, fertilisers, and pesticides. The platform also provides financial services to farmers, saving each farmer up to $172 annually. iFarmer was featured on Forbes Asia's "100 Startups to Watch" list for 2024 — one of only two Bangladeshi startups to receive this recognition.

🚀 Founding Story

iFarmer was founded in 2019 with a mission to democratize agricultural financing and improve the supply chain for Bangladesh's farming community. The startup recognized that smallholder farmers faced significant challenges: lack of access to quality inputs, fair market prices, and affordable financing. iFarmer built a technology platform that connects farmers, agri-suppliers, and funders, creating a more efficient and transparent agricultural ecosystem.

💰 Investment History

iFarmer has raised venture capital from notable investors:

• 💰 2022 — $2.1 million led by IDLC Ventures
• 📈 Additional funding — $1.5 million from Symbiotics to scale its KriShop network and supply chain

Other investors include SBK Tech Ventures. The platform serves over 400,000 farmers across Bangladesh.

📱 Platform & Impact

iFarmer's platform offers:

• 🌾 Agri-input access — Seeds, fertilisers, pesticides at fair prices
• 💰 Financial services — Access to credit and financing for farmers
• 📊 Market access — Connects farmers with wholesalers for better prices
• 🚚 KriShop network — Supply chain improvement for 300K+ farmers
• 📱 iHarvst app — Investment platform connecting funders with farmers

iFarmer saves each farmer up to $172 annually and has been recognized by Forbes Asia as one of the most innovative startups in the region.