Agritech Startup Vegrow Raises $46 Mn From GIC, Others To Expand Presence

Agritech Startup Vegrow Raises $46 Mn From GIC, Others To Expand Presence

SUMMARY

The Bengaluru-based startup will use the fresh capital to expand its India footprint and fortifying its global network

Founded in 2020, Vegrow offers a range of tech solutions such as crop advisory, grading, packaging, logistics and sales to farmers to help them cope with supply chain challenges

In July last year, the startup raised $25 Mn funding in Series B funding round led by Prosus Ventures

Chifu Agritech Pvt Ltd, which operates business-to-business (B2B) fruits marketplace Vegrow, has marked the final close of its Series C funding round in a mix of primary and secondary infusions.

The new fundraise of $46 Mn (around INR 383 Cr) was led by Singapore-based GIC, marking its maiden bet on India’s agritech space. Existing investors Prosus Ventures, Matrix Partners India, Elevation Capital and Lightspeed Venture Partners also participated in the round.

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