Funding round-up: Agri-tech startup Fashol, Edtech startup Cholpori, Transport-tech startup Jatri, and Venture studio Turtle Venture raise investments
Summary
It provides free delivery and claims its prices are 5%-10% lower than the market rate.The agricultural supply chain draws a lot of criticism for being inefficient. Founded by Hossain and Mamunur Rashid in 2020, Fashol aims to eliminate the need for middlemen in the supply chain, allowing farmers to earn more, small retailers to benefit from competitive pricing, and more streamlined sourcing.The round includes investment from SOSV, Orbit Startups, South Asia Tech Partners, and angel investors Ambareen Reza and Zubair Siddiky.In a press release, the company said the fresh funds will be used to automate transactions, increase efficiency, and improve its data usage to help close the supply and demand gap. The company also plans to open more Fashol Farmers Centers and micro-distribution centers this year.Edtech startup CholPori Technologies, which provides interactive educational tools and resources to primary school students and teachers for effective learning, announced on 18 April that it has raised an undisclosed amount in pre-seed funding from SAJIDA Foundation.With the investment, CholPori plans to expand its reach and impact, enabling primary-school children to attain grade-level competencies, and social and emotional intelligence, and become future-ready, said a press release.Dhaka-based public transportation platform Jatri announced on 17 April that it has raised an undisclosed investment in a Series A round. Previously, Jatri raised $1.2 million in a pre-Series A round from Reflect Ventures, Brain-Too-Free Ventures, and SBK Tech Ventures in 2021. before that, the company also raised a seed funding round in 2020 from Superangel, Falcon Network, and Tahseen Consulting along with several investors.Jatri plans to use the fresh funding to expand Jatris operations to new cities and augment existing services in Bangladesh.Jatri was founded by Aziz Arman, Khandokar Taswar Zahin, and Zia Uddin in early 2019 to transform the public transportation system in Bangladesh. Turtle Venture Studio has partnerships with industry leaders like Microsoft for Startups, AWS, Carta, and others to provide entrepreneurs with cutting-edge infrastructure and tools for success.