Bangladeshi agritech startup iFarmer has been awarded $250,000 by the OPEC Fund for International Development (OFID).
The grant recognizes the company’s efforts to provide smallholder farmers with access to finance, agricultural inputs, advisory services, and weather information.
The award marks a milestone for the Bangladeshi startup ecosystem, as iFarmer is the first company from the country to receive this specific honor from the fund.
The funding is intended to support the expansion of digital tools that connect rural producers with broader market infrastructure.
The OPEC Fund for International Development focuses on projects that promote sustainable economic growth in developing nations.
By targeting agritech solutions, the award underscores the increasing role of technology in stabilizing food supply chains and improving farmer livelihoods in emerging markets.