• iFarmer

  Participated · Series A · May 2022

  iFarmer operates an integrated platform offering embedded finance, digital agronomic advisory, distribution of agricultural inputs, and output market linkages. The company reports serving over 300,000 farmers and 24,000 agricultural retailers across Bangladesh. Its recent $1.5M funding from Symbiotics is earmarked to expand input distribution and reinforce market connections for farmers nationwide. Accelerating Asia previously backed iFarmer as part of its Cohort 2 portfolio. iFarmer's work targets gaps in financing, access to quality inputs, and reliable markets for Bangladesh's farming population.

• Truck Lagbe

  Participated · Series A · Sep 2021

  Truck Lagbe is one of Bangladesh’s largest truck-booking logistics platforms. The company operates a digital platform for booking and coordinating trucking services across Bangladesh. It announced the closing of a Series A+ financing round aimed at transforming the country’s trucking industry. The round was led by global port operator and supply chain provider PSA International Pte Ltd, with participation from Startup Bangladesh Limited and IDLC Venture Capital Fund I. The financing is intended to support the company’s plans to modernize and transform trucking operations in Bangladesh. The article did not include operating metrics such as revenue or user counts. Truck Lagbe operates an app- and web-based marketplace that matches demand and supply for short- and long-haul freight across all 64 districts of Bangladesh. The platform lists trucks of different sizes, offers price transparency, and provides real-time GPS tracking of shipments to improve utilization and efficiency. It serves thousands of customers daily and has over 80,000 registered truck owners and drivers. The company also runs a brokerage service that offers credit terms to larger corporate customers. Truck Lagbe plans to use new capital to expand its team, recruit and acquire more drivers, grow presence in additional districts, and roll out value-added services such as fuel, tyre, and lubricant sales.

• GrocerApp

  Participated · Series A · Jun 2021

  GrocerApp operates a low-price online supermarket in Pakistan, offering groceries, vegetables, beauty & wellness, household care, baby care, pet care, meats & seafood with doorstep delivery. Founded in 2016 by Ahmad Saeed, Hassaan Sadiq, and Rai Bilal, the company emphasizes customer experience and seamless order fulfilment. The founders previously played key roles scaling PakWheels and have rapidly expanded GrocerApp from Lahore into Islamabad and Rawalpindi. Between its $1.0M seed round and this Series A, the company reported a 300% increase in orders and revenue, with total annualized revenue exceeding US$15 million. Management states unit economics are sustainable and plans include expanding to additional strategic Pakistani cities and launching new online grocery initiatives. GrocerApp highlights its operational infrastructure for receiving orders, beginning fulfilment, and completing delivery to support daily customer growth. GrocerApp, founded in Lahore in 2016 by Ahmed Saeed, Hassaan Sadiq, and Bilal Zafar, operates an online grocery platform allowing customers to order groceries, fruits, vegetables and meat through web and mobile apps for same-day delivery. The company runs a pure-play model with its own inventory, fulfillment centers and an operations model that now relies on a network of freelance drivers. GrocerApp offers about 4,000 SKUs in Lahore and 1,500 SKUs on its app in Islamabad and Rawalpindi following recent expansion. It has recently achieved multi-fold growth and is currently growing at 20–30% month-over-month. The startup plans to use new funding to make its supply chain more efficient, automate processes to scale, and fuel further expansion. Management is exploring expansion to Karachi next year.

No current team members are available.