Agritech startup Bijak raises $19.4 mn from Bertelsmann, others
Summary
Bijak, a business-to-business agricultural trade platform, has raised Rs 143.92 crore ($19.37 million) as a part of its Series B funding round led by Bertelsmann, according to a regulatory filing. Bijak was founded in May 2019 by Nukul Upadhyaye, Mahesh Jakhotia, Jitender Bedwal, Daya Rai and Nikhil Tripathi as a B2B agricultural trade platform that allows traders, wholesalers and processors to keep a record of their transactions. Last week, Arya.ag, operated by Arya Collateral Warehousing Services Pvt Ltd, had raised $60 million, in a mix of equity and debt funding from Asia Impact SA, Lightrock India, Quona Capital and US International Development Finance Corporation (DFC). Recently, in an interview with VCCircle agritech-focussed venture capital (VC) firm Omnivore’s Managing Partner Mark Kahn had said that many agritech startups may turn unicorns this year. The VC had recently launched OmniX Bio, an initiative to back early stage agrifood life sciences startups.