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# Agritech startup iFarmer raises $2.1 million in pre-series A round
- URL: https://www.techloy.com/indian-agritech-startup-ifarmer-raises-2-1-million-in-pre-series-a-round/
- Published: 2022-05-30T06:03:27.000Z
- Updated: 2022-12-08T00:56:53.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Agritech, Tech in India

*Editor's Note: This article has been corrected to reflect that the startup is based in Bangladesh, not India.*

[iFarmer,](https://ifarmer.asia/) a Bangladeshi-based agritech startup has raised $2.1 million in its pre-Series A funding round led by IDLC Ventures, a unit of the IDLC Finance. 

- iFarmer facilitates funding for farmers and aggregates farm produce to supply buyers, wholesalers, and retailers.
- The firm operates in 19 districts in Bangladesh and serves over 63,000 farmers.
- It claims it has increased its revenue 7.7 times in 2022\.
- The funding round was backed by Millville Opportunities based in the US and Startup Bangladesh Limited, a government firm.