iFarmer lands series A funding led by Razor Capital

iFarmer lands series A funding led by Razor Capital

iFarmer, the largest agritech startup, received an investment from the emerging market-focused venture capital firm Razor Capital. This investment is part of Razor Capital Series A funding, which recognizes the importance of agritech sector in Bangladesh as a key sector to help farmers with financial inclusion and position iFarmer to become the largest network of agriculture value chain actors in Bangladesh.
Through its latest investment into iFarmer, Razor Capital has doubled down on its commitment to Bangladesh. Oussama Glilah, Managing Partner of Razor Capital, who has access to extensive agriculture knowledge through his family-owned business, Fresh Del Monte (NYSE: FDP), has joined the board of directors of iFarmer as a full board member.
He expressed, “At Razor Capital, we maintain a strong belief in the potential Bangladesh holds, having started investing in 2016. Currently, the country is going through a challenging period, but we are one of the few international VCs who continue to proudly invest in Bangladesh. We stand behind our founders, partners, and co-investors with confidence in their ability to push their companies and nation towards shared prosperity and success.”