New Delhi: E-commerce platform for farmers BharatAgri, on Friday, secured $4.3 million in extended Series A funding which was led by investment giant Akram Ventures.
BharatAgri has plans to extend its geographical boundaries and strengthen its last-mile delivery.
“With this investment, BharatAgri aims to further strengthen its rural supply chain, expand the user base and become the largest and the de facto e-commerce platform for farmers,” said Siddharth Dialani, Co-founder, BharatAgri.
The funding round was also attended by Capria Ventures and its existing investors India Quotient, 021 Capital, and Omnivore.
Dialani added, “With 10L+ unique monthly users, 10k+ SKUs, 100+ marketplace partners and 20k+ serviceable pin codes, BharatAgri is making a significant impact on farmers’ lives.”
The company will also see a major change in the management structure as MD of Arkam Ventures, Rahul Chandra will join the board of BharatAgri.
BharatAgri aims to help farmers in cultivating best results from farming. Company has developed various algorithms considering different farming needs and provides advisory to farmers accordingly on factors such as crops, regions, and climate changes.