SUMMARY
The funding round was led by Arkam Ventures and also saw participation from Capria Ventures and existing investors such as India Quotient, 021 Capital, and Omnivore
The agritech startup plans to use the fresh funds to strengthen its last-mile delivery and expand the presence of its ecommerce platform to new geographies
Founded in 2017, BharatAgri operates an ecommerce platform and offers AI-based agronomy services to farmers to help increase their incomes
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Agritech startup BharatAgri has raised INR 35 Cr ($4.3 Mn) in its Series A funding round led by Arkam Ventures. The round also saw participation from Capria Ventures and existing investors such as India Quotient, 021 Capital, and Omnivore.
As a part of the deal, managing director of Arkam Ventures, Rahul Chandra, will join the board of BharatAgri.
The startup plans to use the fresh funds to expand the footprint of its ecommerce platform to new geographies and strengthen its last-mile delivery.
Founded in 2017 by Siddharth Dialani and Sai Gole, Bengaluru-based BharatAgri operates an ecommerce platform and offers AI-based agronomy services to farmers to help increase their incomes through the systematic implementation of scientific farming techniques.
BharatAgri’s ecommerce product portfolio consists of over 1 Lakh agricultural products, including fertilisers, seeds, pesticides, insecticides, farming equipment, among others, that are delivered pan-India to more than 20,000 pincodes, the startup said in a statement.
Commenting on the fundraise, BharatAgri cofounder Dialani said, “With this investment, BharatAgri aims to further strengthen its rural supply chain, expand the user base and become the largest and the de facto e-commerce platform for farmers.”
“The rural infrastructure in India is rapidly modernising with the last mile touching more and more villages, and farmers are increasingly trusting digital knowledge sources. The credible advice from BharatAgri helps bridge the trust deficit that accompanies input purchasing and promises to open a digital channel for thousands of new products and brands that farmers seek to buy”, MD of Arkam Ventures, Rahul Chandra said.
Earlier this year, BharatAgri raised INR 14 Cr ($1.7 Mn) in its extended Series A round led by Capria Ventures. The agritech startup competes with the likes of AgroStar, DeHaat, and BigHaat Agro, among others.
With the latest investment, Akram Ventures counts three agritech startups in its portfolio including Jai Kisan and Jumbotail.
The development comes at a time when the Indian agritech sector is witnessing robust growth due to increased investor interest and scalable innovations. According to a report, the agritech space is estimated to grow to a market size of $25.4 Bn by 2028.
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