Agri-tech startup Fashol recently revealed that it had raised $1 million in pre-seed funding to help it develop the technology needed to connect farmers to the market and optimize the supply chain.
According to a press release, it received financial support from SOSV, South Asia Tech Partners, and angel investors like Foodpanda Co-Founder and CEO Ambareen Reza and Foodpanda Co-Founder and Managing Director Zubair Siddiky.
According to the company, Fashol is committed to minimizing the supply and demand gap through the use of data and bringing automation for frictionless transactions between farmers and retailers.
It also has plans to construct “Micro Distribution Centers” and “Fashol Farmers Centers.”
Sakib Hossain and Mamunur Rashid, who together have 18 years of experience working for startups and multinational corporations, founded Fashol in 2020.
