Proxgy, three others raise early-stage funding
Summary
Ltd, which operates KiVi, has raised $1.8 million (Rs 15 crore) in a seed funding round from a host of investors including Caspian Leap for Agriculture Fund, Piper Serica Angel Fund, YAN Angel Fund, Impact Innovators and Entrepreneurs Foundation, among others.The investment is poised to help the startup to develop its technology platform, increase the last-mile presence across districts, strengthen the product and risk capabilities and obtain an NBFC licence.KiVi is an agri-focussed fintech that enables credit, commerce and distribution to the farmgate ecosystem which comprises the farmer, input retailer, output aggregator and equipment renter. It uses a model that combines technology with last-mile transaction capability to deliver to customers, lending partners and corporate buyers.It is currently operational in four districts in Tamil Nadu and Bihar and claims to have onboarded five lending partners and 15 corporate commodity buyers.Oorjaa secured $642,777 (Rs 5.35 crore) in a pre-Series A funding round led by Inflection Point Ventures. The round also saw participation from Vinners Platform, Soonicorn Ventures and HEM Angels.The funds raised will be utilised for scaling their proprietary platform called PiE KART along with technology development and expanding the team.Oorjaa is a logistics technology company specializing in sustainable last-mile and mid-mile delivery solutions. They recently launched an app-based product called PiE KART which offers affordable and eco-friendly intra-city delivery solutions. We aim to change last-mile and mid-mile logistics through advanced technology," said Sandeep Patil, co-founder and chief executive officer, Oorjaa.Docker Vision raised an undisclosed amount in a pre-seed funding round through the SanchiConnect pre-seed Accelerator Program, in which early-stage VC firms like Thinkuvate and SeaFund invested in the startup.