Agri e-commerce startup BharatAgri raises Rs 35 crore in Series A round led by Arkam Ventures
Summary
The funding marks Arkams third investment in the agri-tech space.As per a press release, the round also saw participation from Capria Ventures and existing investors, India Quotient, 021 Capital, and Omnivore. Farmers can access this custom advisory that would help them increase farm yield, lower input costs and labour effort. Its ecommerce platform offers 10000+ agricultural products such as fertilisers, seeds, pesticides, insecticides, and farming equipment, among others and is delivered pan-India across 20,000 + pin codes.Arkam Ventures is also an investor in Jai Kisan, one of Indias fastest-growing rural fintech platforms for farmers and retailers, and Jumbotail, Indias leading B2B food & grocery marketplace and retail platform.Announcing the latest fundraising from Arkam, Siddharth Dialani, Cofounder, BharatAgri said, In the next 3 years, 50 million+ farmers will use the internet for the first time and we want BharatAgri to be their bridge to the digital era of agri that is now dawning. With 10L+ unique monthly users, 10k+ SKUs, 100+ marketplace partners and 20k+ serviceable pin codes, BharatAgri is making a significant impact on farmers lives. 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.Talking about the latest investment in BharatAgri, Rahul Chandra, MD, Arkam Ventures said, Agri inputs is a $44 billion market in India and suffers from stock-outs, misinformation and non-scientific usage behaviour 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.
Funding
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