Startup BharatAgri Raises Rs 35 Crore from Investors
NEW DELHI: Agritech startup BharatAgri, an advisory-led e-commerce platform for farmers, announced on Thursday that it has secured Rs 35 crore (USD 4.3 million) from investors, including Arkam Ventures. The company raised Rs 35 crore in the Series A funding round. Apart from Arkam Ventures, the funding round also saw participation from Capria Ventures and existing investors, India Quotient, 021 Capital, and Omnivore, BharatAgri said in a release. The funding signifies Arkam Ventures' third investment in the agri-tech sector. "The funds will be utilized to expand BharatAgri's e-commerce platform into new regions and reinforce its last-mile delivery," the statement mentioned. Founded by IIT Madras alumni Siddharth Dialani and Sai Gole, BharatAgri has developed prediction algorithms that offer customized advisory services tailored to crops, regions, and climate variations. Farmers can access this personalized advice to enhance farm yield, reduce input costs, and labor efforts. The e-commerce platform provides over 10,000 agricultural products like fertilizers, seeds, pesticides, insecticides, farming equipment, among others, and is delivered nationwide, as stated in the release.
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Stock market today:
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