Agri-tech startup Fashol secures $1mn pre-seed investment

Agri-tech startup Fashol on Thursday announced that it raised $1 million in pre-seed funding eying to connect farmers to markets and optimize the supply chains.

It formed the funding from South Asia Tech Partners (SOSV) and angel investors such as Co-Founder and CEO of Foodpanda Ambareen Reza and Co-Founder and Managing Director of Foodpanda Zubair Siddiky, a press release said.

Fashol is working for 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 optimize the supply chain and bringing automation for seamless transactions from farmers to retailers.