Ankur Capital led the seed funding round for Bengaluru-based agritech startup Agrizy on Monday. The round also saw participation from Omnivore and angels such as Rajesh Yabaji (CEO, BlackBuck), Zetwerk’s co-founders Srinath Ramakkrushnan, Amrit Acharya, Rahul Sharma, and Vishal Chaudhary, among others.
The startup plans to use the fresh capital to build strong business and engineering teams, develop a suite of digital services for the processed agri marketplace, and ramp up customer traction in targeted value chains across various locations in India.
Agrizy, founded in September 2021 by Vicky Dodani and Saket Chirania, is developing a tech-first platform to bridge the processed agri supply chain.
“The recent round of funding from two notable funds investing in Agri Tech reinvigorates our vision of transforming the processed agri supply chain”
Agrizy co-founder Dodani said.
Ankur Capital is the first investment by Ankur Capital through their India Pitch Fest programme.
“We have been keenly following the $500 billion agri-commodity space, seeing the potential for large opportunities to get unlocked… We see Agrizy building a platform that can enable better price realization, expand the business footprint across locations and unlock value for SMEs by enabling formal credit. We are glad to be part of their journey”
Krishnan Neelakantan, Partner at Ankur Capital, said.
Published by – Kiruthiga K
Edited by – Kritika Kashyap
