Food, Energy, and Water are people's primary needs, that’s always decreasing. By 2050 world Population will reach 9.1 billion and 70% of the world population will be living in urban space. In Bangladesh, there is an urban population of 30%, which is likely to increase by up to 50% by 2030.
The question is who will feed this growing population? That’s why we need new ways to create scalable and efficient agriculture farming.
iFarmer is a digital agriculture platform that focuses on linking farm sponsors with real farmers in order to support agriculture and farming in Bangladesh while promoting inclusive growth in the agricultural ecosystem through technology and financial inclusion. iFarmer is working for developing a system of crowd farming in Bangladesh where the general people and the farmers both get benefited.
Agricultural financing is still a ‘rocket science’ in Bangladesh since most farmers do not have the inputs to reach the full harvest potential of their resources because it is very hard for small farmers to access loans from banks and other formal institutions. Also, because farming is cyclical in nature, many times the timeline for agricultural loan applications to financial institutions do not match urgent farming needs, hence crowdsourcing the capital could be one of the viable options for farmers. Individuals/institutions (farm sponsors) can easily sponsor small to medium farms, making funds easily accessible to the farmers. This is exactly what iFarmer, a Bangladeshi crowdsourcing impact Agri-tech start-up is doing.
Vision, Mission, Objectives
Vision:
“To be the foremost digital agriculture platform in South - Asia, admired for its impact on collaborative food production and boosting food security across the country”. The company sets its objectives and goals keeping their vision in mind and makes sure their activities portray their vision in the mind of their stakeholders.
Mission:
“To enable everyone to participate in the achievement of global food security”. iFarmer’s mission is to be a sustainable supply chain in the food industry for the growing population. The demand for high-quality organic agricultural food, especially from the middle-income group, gets higher day after day. iFarmer wants to be at the edge, solving this immense upcoming crisis by creating a unique sponsorship journey opening for all.
Objective:
iFarmer is an impact tech startup that has developed an innovative online platform which enables anyone
in Bangladesh to easily sponsor and ear through agriculture and farming.
The question is who will feed this growing population? That’s why we need new ways to create scalable and efficient agriculture farming.
iFarmer is a digital agriculture platform that focuses on linking farm sponsors with real farmers in order to support agriculture and farming in Bangladesh while promoting inclusive growth in the agricultural ecosystem through technology and financial inclusion. iFarmer is working for developing a system of crowd farming in Bangladesh where the general people and the farmers both get benefited.
Agricultural financing is still a ‘rocket science’ in Bangladesh since most farmers do not have the inputs to reach the full harvest potential of their resources because it is very hard for small farmers to access loans from banks and other formal institutions. Also, because farming is cyclical in nature, many times the timeline for agricultural loan applications to financial institutions do not match urgent farming needs, hence crowdsourcing the capital could be one of the viable options for farmers. Individuals/institutions (farm sponsors) can easily sponsor small to medium farms, making funds easily accessible to the farmers. This is exactly what iFarmer, a Bangladeshi crowdsourcing impact Agri-tech start-up is doing.
Vision, Mission, Objectives
Vision:
“To be the foremost digital agriculture platform in South - Asia, admired for its impact on collaborative food production and boosting food security across the country”. The company sets its objectives and goals keeping their vision in mind and makes sure their activities portray their vision in the mind of their stakeholders.
Mission:
“To enable everyone to participate in the achievement of global food security”. iFarmer’s mission is to be a sustainable supply chain in the food industry for the growing population. The demand for high-quality organic agricultural food, especially from the middle-income group, gets higher day after day. iFarmer wants to be at the edge, solving this immense upcoming crisis by creating a unique sponsorship journey opening for all.
Objective:
iFarmer is an impact tech startup that has developed an innovative online platform which enables anyone
in Bangladesh to easily sponsor and ear through agriculture and farming.
Location: Bangladesh, Dhaka Division, Dhaka
Employees: 51-200
Total raised: $2.6M
Founded date: 2017
Investors 1
| Date | Name | Website |
| - | Startup Ba... | startupban... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 31.05.2022 | Series A | $2.1M | - |
| 04.05.2020 | Seed | $500K | - |
Mentions in press and media 41
| Date | Title | Description |
| 16.04.2026 | iFarmer Secures $1.5 Million from Symbiotics as International Capital Continues to Back Bangladesh's Agritech Infrastructure | iFarmer, the Dhaka-based full-stack agricultural platform, has raised $1.5 million in fresh funding from Symbiotics, a Switzerland-headquartered market access platform for impact investing. The investment is structured as working capital fi... |
| 13.08.2025 | 20-Year-Old Bangladeshi Entrepreneur Ratul Sajin Secures $5 Million in Sales Opportunities for Canadian Brand in the EU Market | Share Share Share Share Email From identifying market gaps to executing targeted outreach, — How a young entrepreneur helped premium drinkware brand Asobu break into the European Union through strategic B2B outreach. Caption: Ratul Sajin, e... |
| 27.04.2025 | Pioneer Facility Announces First Bangladesh Investment in Agri-tech Innovator iFarmer | The Pioneer Facility, an impact fund managed by Nexus for Development, has announced a $500,000 loan to iFarmer, a leading agri-tech company in Bangladesh. The three-year loan will provide critical working capital to iFarmer, enabling it to... |
| 26.01.2025 | How AWD Could Transform Bangladesh's Rice Production: iFarmer's Latest Research Shows Promising Results | The challenge of sustainable rice production in Bangladesh has become increasingly pressing as water scarcity and climate change threaten traditional farming methods. Rice production faces added challenges from its water-intensive nature—pr... |
| 06.01.2025 | iFarmer’s Partnership with Banks and NBFIs Transforms Agriculture Lending Landscape in Bangladesh | iFarmer is a fascinating company. It works with farmers, solves several complex problems in agriculture, and has built what is now called a “full-stack agri-tech platform,” covering almost every aspect of agriculture. We have written about ... |
| 01.01.2025 | Annual Review: Future Startup’s 24 Most Popular Articles From 2024 | In 2024, we published 184 articles across our 8 major categories. We started 2024 at a slow pace, as I was on leave from January to April/May. When I returned to work after April, it took me a while to get up to speed. My initial assumption... |
| 11.11.2024 | iFarmer Launches "Folon"—an All-in-one Farming Support App for Farmers | In an important strategic move to put the power of technology in the hands of farmers and further strengthen its ecosystem of solutions for farmers, iFarmer, Bangladesh’s leading agri-fin-tech company, announced the launch of "Folon,&q... |
| 04.11.2024 | iFarmer, Visa, and United Commercial Bank Launch Pioneering Cashless Farmer Card Program in Bangladesh | In a significant move towards digital financial inclusion in Bangladesh's agricultural sector, iFarmer, in partnership with Visa and United Commercial Bank (UCB), announced the launch of an innovative Cashless Farmer Card program. The card ... |
| 21.10.2024 | iFarmer and The Courage to Pivot | Fahad Ifaz, co-founder and CEO of iFarmer, sat in his office in August 2018, pondering the future of his startup. Six months ago, he and his co-founder Jamil Akbar launched iFarmer as an "Uber for Urban Farming," allowing city dwe... |
| 19.09.2024 | The Pulse of Innovation: A Dive into Recent Funding Trends in Southeast Asia | In the bustling landscape of Southeast Asia, innovation is the lifeblood of growth. Recent funding rounds tell a compelling story of ambition, strategy, and the relentless pursuit of market expansion. Companies are not just surviving; they ... |
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