Agri-tech startup Fashol secures Tk 10 Crore pre-seed investment
Fashol, an agri-tech startup in Bangladesh, recently raised Tk. 10 Crore ($ 1 million) in pre-seed funding from SOSV, South Asia Tech Partners, and angel investors including Ambareen Reza, Co-Founder and CEO of Foodpanda and Zubair Siddiky, Co-Founder and Managing Director of Foodpanda.
Fashol is a tech-enabled agri-startup that empowers farmers with direct access to markets and provides small holder retailers with last-mile delivery service.
Fashol is at the forefront of the digital transformation in the agricultural industry, eliminating multiple layers of middlemen in the supply chain and providing farmers with direct market access and hassle-free transactions through dedicated Fashol Farmers Centers.
Founded in 2020 by Sakib Hossain and Mamunur Rashid, Fashol is committed to using recent investments to build the technology to optimise the supply chain, leveraging data to minimise the supply and demand gap, and bringing automation for seamless transactions from farmers to retailers.