Poshn, an agritech platform, raised $3.8 million (Rs 28.8 crore) in a fundraising round headed by Prime Venture Partners, with Zephyr Peacock as a participant. The startup intends to use the new funds to expand quickly and hire across both engineering and business divisions. Poshn, a procurement platform for bulk processed commodities, was founded in 2020 by Shashank Singh and Bhuvnesh Gupta in a severely fragmented agri-supply chain sector. By making wholesale trading smooth, the company hopes to organise the supply chain. The company provides services for commodity wholesale trading,…

Bolt Financial Inc., the payments firm best known for its founder’s inflammatory Twitter threads accusing Silicon Valley of being governed by “mob bosses,” is being sued by one of its most well-known clients. Authentic Brands Group claims that Bolt not only failed to deliver promised technologies, but also that the clothing retailer lost more than $150 million in online sales as a result of Bolt’s integration with Forever 21. According to the complaint, Bolt sought money at increasingly high valuations by “consistently overstating” the scope of its integration with ABG’s…

DeHaat, a full stack agritech platform that provides farmers with end-to-end agricultural services, announced the all-cash acquisition of Y-Cook India. Y-Cook India is a food technology company that provides steamed produce that is ready to eat. Janardhan Swahar, Vijay Reddy, and Gayathri Swahar founded it in 2011. The Bengaluru-based company processes and exports sweet corn and lentils to nine different nations. Omnivore Partners, Oikocredit, and 021 Capital are among the investors. While OikCredit and 021 Capital will profit from this deal, Omnivore, which is also a DeHaat investor, will have…