Vicky Dodani and Saket Chirania, Agrizy

Bengaluru-based ag-tech startup, Agrizy has raised $4 Million in a seed spherical led by Ankur Capital. This spherical additionally noticed participation from Omnivore and notable angels like Rajesh Yabaji (CEO, BlackBuck), Zetwerk’s Co-founders Srinath Ramakkrushnan, Amrit Acharya, Rahul Sharma, and Vishal Chaudhary amongst others.

The funds raised will probably be utilized to construct sturdy enterprise and engineering groups, develop a collection of digital providers for the processed agri market and ramp up buyer traction in focused worth chains throughout varied areas in India. The startup will use the funds to construct out the product and speed up enterprise in focused worth chains.

Founded in September 2021 by Vicky Dodani and Saket Chirania, Agrizy is creating a tech-first platform to bridge the processed agri provide chain. The tech platform connects the processors and patrons of non-perishable farm merchandise throughout each meals and non-food classes like jute, oilseeds, cereals, pulses, and others to optimally uncover and fulfill transactions. This will assist agri processors with revolutionary expertise options, for efficient utilization to execute the commerce by Agrizy’s logistics companions.  The founding workforce comes with an excellent mixture of operations, finance, and logistics expertise at high-growth startups like Blackbuck, Bizongo, and Zoomcar, in addition to deep ties to agri processing area.

Agrizy is the primary funding by Ankur Capital by their India Pitch Fest program. The first cohort had over 500 purposes and of those, 50 candidates have been shortlisted for the ultimate spherical, the place they got a possibility to pitch their startup thought to numerous micro-VCs.

The IPF (India Pitch Fest) platform continues to assist the entrepreneurs from the various startup ecosystem and collaborate with the group to mentor startups with the associate networks.

Ankur Capital and Omnivore are notable traders in agri tech. Their funding in Agrizy signifies the big scope and potential that may be tapped into this house.

The worth of foodgrains manufacturing in India is projected to be practically half a trillion {dollars} by 2025. But the construction of the business and the intermediate provide chain stays largely unorganized, with 2.5 million – principally small – models using 7 million individuals throughout India. Logistics for agri commerce stays disaggregated, with excessive dependency on middlemen for last-minute success. The alternative in organizing provide chains for procurement and processing, as stakeholders leverage digital applied sciences, new-age logistics and sensible financing is huge. Agrizy is targeted on digitizing these worth chains, by constructing a platform that may streamline and optimize transactions between aggregators, FPOs, farmers, and processors, together with the facilitation of formal credit score for these small companies. This ought to unlock worth for all key stakeholders on this ecosystem.

Vicky Dodani, Co-Founder, Agrizy, stated, “We aim to be the single point of contact for the agri processing units by providing them an end-to-end fulfillment 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, Agrizy, added, “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% MOM from inception.”

Krishnan Neelakantan, Partner at Ankur Capital, additionally shared,We have been keenly following the USD500 billion agri commodity space, seeing the potential for large opportunities to get unlocked. While these value chains continue to follow archaic practices, we have seen that Vicky, Saket, and Agrizy team have developed a deep understanding of the space and insights into how digitization can disrupt these large agri value chains in India. We see Agrizy building a platform that can enable better price realization, expand business footprint across locations and unlock value for SMEs by enabling formal credit. We are glad to be part of their journey.”

“Vicky and Saket are perfect examples of the new wave of agritech founders, who are building on their prior startup experience (Blackbuck, Zoomcar, Bizongo) to transform agricultural value chains in India. Omnivore is proud to back Agrizy as they work to build the country’s largest agri processing platform.” – Mark Kahn, Omnivore.


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