Ayekart always thrives to allow the perfect of its companies by way of finance, know-how, and companies for the betterment of FPOs, farmer communities, and conventional companies.

Debarshi Duttam, CEO and co-founder of Ayekart

Ayekart, an agri-fintech startup, has obtained USD 5.5 million in funding from Siply, a fintech platform, and Caspian Debt, a company lending monetary establishment. The latter offered roughly USD 2.5 million in debt financing, whereas the previous offered roughly USD 2.8 million in fairness financing.

Ayekart will use the brand new funds to financially and technologically assist the growth of established corporations within the meals and agri trade.

Ayekart, which was based in December 2020, started business operations in September 2021. The platform goals to spice up conventional companies and the agri-value chain by leveraging know-how, finance, and provide chain administration.

According to the corporate, it had a optimistic PAT (revenue after tax) of INR 139.5 Cr in FY22 and a excessive Gross Transaction Value (GTV).

“The company constantly thrives to enable the best of its services through finance, technology, and services for the betterment of FPOs, farmer communities, and traditional businesses,” stated Debarshi Duttam, CEO and co-founder of Ayekart.

“The firm will use the funding to strengthen its ecosystem in order to meet the needs of small and traditional vendors, dealers/distributors, farmer communities, millers, processors, distributors, and retailers,” he added. Ayekart is at present lively in 13 completely different states. It plans to enter the export market by the third quarter of 2022. It goals to make ten million conventional companies financially and technologically viable.

First revealed on: 14 Sep 2022, 07:50 IST

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