[Funding alert] Blockchain-led agritech startup Agri10x raises seed round from Omnivore
Summary
The blockchain and AI-enabled platform connects farmers directly with traders and buyers, and lets them sell their produce at competitive prices. It also integrates affiliated services, including quality assessment, warehousing, cold storage, and logistics to deliver a full-stack market linkage solution for Indian farmers. Agri10x plans to use this funding to expand to eight more states, onboard one million farmers, and offer fintech solutions to its buyers through NBFC partnerships. The startup also intends to ramp up its exports operations across Middle East and Southeast Asian countries to open up potential new markets for Indian farmers. Jinesh Shah, Managing Partner at Omnivore, said in a statement, Agri10x not only improves market linkages for farmers, but also makes all transactions traceable, transparent, and tamper-proof with the use of blockchain.