Ankur Capital led a $4 million seed round for Bengaluru-based agri-tech start-up Agrizy. Omnivore and angel investors such as Rajesh Yabaji (CEO, BlackBuck) and Zetwerk co-founders Srinath Ramakkrushnan, Amrit Acharya, Rahul Sharma, and Vishal Chaudhary took part in this round.
The funds raised will be used to grow strong business and engineering teams, develop a suite of digital services for the processed agro industry, and increase customer traction in specific value chains across India. The funds will be used to expand the product and speed up business in specific value chains.
Founded in September by Vicky Dodani and Saket Chirania, Agrizy is developing a tech-first platform to bridge the processed agri supply chain. The tech platform connects the processors and buyers of non-perishable farm products across both food and non-food categories like jute, oilseeds, cereals, pulses, and others to optimally discover and fulfil transactions.
Ankur Capital’s India Pitch Fest Program has made its first investment in Agrizy. The India Pitch Fest platform, according to the statement, continues to encourage entrepreneurs from a varied start-up ecosystem and collaborates with the community to mentor start-ups through partner networks.
Vicky Dodani, Co-Founder of Agrizy, said: “We aim to be the single point of contact for the agri processing units by providing them an end-to-end fulfilment platform and simplifying their procurement and sales cycle. The recent round of funding from two notable funds investing in agri-tech reinvigorates our vision of transforming the processed agri supply chain.”
Saket Chirania, Co-Founder of Agrizy, said there is a lot of untapped potential in the way agri processing units can leverage technology to grow and thrive. Agrizy offers solutions across digital vendor management, and supply and value chain automation to its agri processing units. “We are sustainably growing our business by 100 per cent month on month from inception,” he said