Deals

Agroshift Secures Strategic Investment from ADB Ventures

Image Credit: Agroshift
Agroshift Secures Strategic Investment from ADB Ventures
Image Credit: Agroshift

Agroshift, a Bangladesh-based agritech startup, has secured strategic capital from ADB Ventures, the venture capital arm of the Asian Development Bank (ADB). The company, founded in 2022 by Qazi Bouland, Rameez Hoque, and Diptha Saha, employs a unique "phy-gital" approach, combining physical supply chain infrastructure with digital tools. This model reduces food waste to under 1% while connecting farmers to fair prices. Since its inception, the company has been fulfilling over 250,000 orders annually for 170,000 users, with revenues growing by 350% YoY. 

How Agroshift Works

The company previously raised US$1.8Mn in the largest Bangladeshi pre-seed round co-led by Dubai-based Shorooq Partners and New York-based Anchorless Bangladesh. The startup's upcoming seed round aims to further scale operations, expand the supply chain, and enhance tech capabilities with plans to reach 60 factory partners and 200,000 monthly users in 2024.

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