iFarmer Secures $1.5M from Symbiotics to Strengthen Supply Chain and Market Linkages

Bangladesh’s agri-tech company iFarmer has received an investment of $1.5 million from global impact investing platform Symbiotics. The information was disclosed by iFarmer in a press release on Wednesday, 15 April.

The investment, provided as working capital, will finance improvements in agricultural input supply and market linkage for produced goods in the country. It is expected to play a significant role in strengthening Bangladesh’s agricultural supply chain and enhancing the efficiency of input distribution and market connectivity systems.

Through this funding, iFarmer will expand its operations, making high-quality agricultural inputs—such as seeds, fertilizers, and pesticides—more accessible to smallholder farmers. At the same time, it will further accelerate the process of connecting farmers’ produce directly with institutional buyers and wholesale markets.

iFarmer Co-founder and Chief Executive Officer Fahad Ifaz said, “Our partnership with Symbiotics reflects global confidence in the capabilities and potential of Bangladesh’s farmers. This $1.5 million capital will help reduce the distance from farm to market.”

Since 2019, iFarmer has been providing a “one-stop” solution for smallholder farmers, offering continuous agricultural advisory services, collateral-free financing, and access to quality inputs. The company also works to increase farmers’ income and ensure transparency in the supply chain by facilitating direct market linkages.

Currently, iFarmer operates in 42 districts across the country, with more than 300,000 registered farmers on its platform.

Symbiotics is one of the world’s leading impact investing platforms dedicated to financing small and medium enterprises (SMEs). The Switzerland-based company has completed more than 9,100 investments in 655 institutions across 99 countries since 2005, with a total investment value exceeding $11.6 billion.

DBTech/Press Release/MUIM/OR