Gramik Bags INR 17 Cr To Expand Its Agritech Play

SUMMARY

The bridge funding round was raised in a mix of optionally convertible debentures (OCDs) and compulsorily convertible debentures (CCDs)

Excluding the new funding, the company has raised INR 20 Cr since its inception

Further, Gramik is set to raise INR 56 Cr in Series A funding round, which is expected to happen in the next four to five months

Agritech platform Gramik has raised INR 17 Cr (around $2 Mn) in a mix of optionally convertible debentures (OCDs) and compulsorily convertible debentures (CCDs).

The bridge funding round saw participation from Sammaan Global Ventures and Money Creeper Investment, with angel investors, including Dubai-based entrepreneur Gev Aryaton, social entrepreneur Irfan Alam, bollywood veteran Nikhil Bhagat, social impact investor Salvia Siddiqui and existing investor Balram Yadav, managing director and CEO of Godrej Agrovet.

The startup plans to use the fresh capital to expand its private-label product portfolio, deepen agronomy-led farmer engagement, and scale operations across UP, Maharashtra and Jammu.

Founded in 2021 by Raj Yadav, Gramik was launched as an agritech platform to boost and transform rural communities via easy access of quality farm inputs, expert knowledge, innovative farm practices, business skills for farmers, women and rural youth.

The agritech startup boasts of a vibrant tech stack that has scalability at its core. The startup also claims to cater to all farm needs of Indian farmers. Gramik leverages its partnerships with manufacturers and logistics players to source products at cheaper prices and make way for prompt deliveries.

Prior to its latest funding round, the startup has raised INR 20 Cr in total since inception. It counts angel investors Mercer Mettl’s CEO Siddarth Gupta, Zivame’s founder Richa Kar as well as venture debt firm NBFC Western Capital among its backers.

Further, Gramik is planning to raise INR 56 Cr in its Series A funding round.

Speaking to Inc42 on the funding, Yadav said, “Series A is expected to happen in the next four to five months. The investors from this bridge round will be participating in the Series A as well, along with an impact investment fund. We’re in advanced discussions with a strong pipeline of both new and existing investors excluding the INR 56 Cr confirmed raise.”

Gramik currently operates in 12 districts, with over 1,200 active village level entrepreneurs (VLEs) and more than 250 rural retail partners. The company aims to scale to over 3,000 VLEs and engage with over 1 Mn farmers by next year through enhanced tech, supply chain, and agronomy infrastructure.

The development comes at a time when the country’s agricultural sector has been recognised to be one of the prime contributors to the GDP, based on government data from 2023.

Most agritech startups that have emerged in the past decade orbited around technology deployment at the last mile – from satellite-enabled crop monitoring to embedded credit linked directly to post-harvest flows.

This market opportunity has pushed several tech startups and investors to cash in on India’s evergreen agriculture sector.

In the past six months of this year, agritech sector has cumulatively raised $143 Mn across 16 deals, based on Inc42’s Indian Tech Startup Funding Report H1 2025 report.

Earlier this month, agritech startup Eeki raised $7 Mn, while Surat-based GROWiT raised $3 Mn in May, to fuel their expansion plans and boost their tech stack, among others.