HIMANSHI NAGPAL’s Post

📢 𝐀𝐠𝐫𝐢𝐳𝐲 𝐑𝐚𝐢𝐬𝐞𝐬 𝐔𝐒𝐃 𝟗.𝟖 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐟𝐫𝐨𝐦 𝐀𝐜𝐜𝐢𝐨𝐧 & 𝐎𝐦𝐧𝐢𝐯𝐨𝐫𝐞🔔 📣𝐈𝐧 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟒, Agri-processing platform Agrizy announced that it has raised $𝟗.𝟖 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 (𝐈𝐍𝐑 𝟖𝟐 𝐜𝐫𝐨𝐫𝐞) in a Series a #funding💰 round co-led by Accion and Omnivore, with participation from Capria Ventures, Thai Wah Ventures and existing investor Ankur Capital. India has over 𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 food processing MSMEs that are operating below capacity and struggling to find B2B #customers 👨, especially in export markets.  Agrizy helps address these challenges by providing MSMEs with a fully managed B2B marketplace for agri-food 🌱 processing and #supplychain. The platform connects all #stakeholders in the food processing #ecosystem to discover and execute #transactions in an optimized manner. The startup works closely with small and medium-sized businesses in the food processing 🎋 sector, providing them with a range of #digitalservices 📲 to generate additional long-term revenue💰 and improve their operating margins, while streamlining their procurement and sales cycles. 🌌 𝐋𝐨𝐨𝐤 𝐚𝐭 𝐨𝐮𝐫 𝐂𝐨𝐫𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 👉:https://bit.ly/3Ad8Q8h #DigitalServices #MSMEs #FoodProcessingUnits #Agriculture #Tools #prophecymarketinsights

🔔 Agrizy raises USD 9.8 million from Accion & Omnivore 🔔 We are thrilled to report that we have invested in Agrizy's Series A round! The round was co-led by Accion and Omnivore, with participation from Capria Ventures, Thai Wah Ventures, and Ankur Capital. India's $400 billion agri-processing market, though growing 9% annually, faces a bottleneck: only 10% of farm produce gets processed today. This pales in comparison to global leaders like China (40%) and developed nations (~70%). India has more than 2 million food processing MSMEs, which operate significantly under capacity and struggle to find B2B customers, especially in export markets. Agrizy is helping to solve these challenges, providing MSMEs with a fully managed B2B marketplace for agrifood supply chains and processing. The platform connects every stakeholder in the agrifood processing ecosystem to optimally discover and fulfill transactions. The startup works closely with agrifood processing MSMEs, offering them a suite of digital services to generate additional long-term revenues and improve their operating margins, while streamlining their procurement and sales cycles. Says Mark Kahn, “We are proud of our partnership with Agrizy and their vision of upgrading the Indian agri-processing sector. The company's foray into contract manufacturing is critical for streamlining intricate, export-oriented supply chains. By prioritizing innovation and sustainability, Agrizy is positioning India's food processing industry to meet evolving global market needs.” Read more 👉🏼 https://bit.ly/3Yx8NON Jinesh Shah | Reihem Roy | Subhadeep Sanyal | Abhilash Sethi | Satya Sagar | Thessa Mooij | Vicky Dodani | Saket Chirania #AgriProcessing #Agrifood #Innovation #FundingNews #VentureCapital #SeriesA

The Secret of Getting Ahead is Getting Started - Mark Twain This morning, I read Mark Twain's quote, "The secret of getting ahead is getting started," reminding me of a past research on Ninjacart. In 2015, Thirukumaran Nagarajan, frustrated with the inefficiencies in the agricultural supply chain, co-founded Ninjacart. What began as a B2C hyperlocal grocery delivery service quickly pivoted to a B2B model, connecting farmers directly with retailers and businesses. By 2018, Ninjacart was serving over 10,000 farmers, reducing wastage and ensuring fair prices. The company raised $100 million in funding from investors like Tiger Global and Accel Partners by 2019. Today, Ninjacart moves over 1,400 tons of fresh produce daily, impacting the livelihoods of more than 50,000 farmers across 20 Indian cities. Their tech-driven supply chain solutions have shortened delivery times to less than 12 hours from farm to store, setting new standards in the industry. Thirukumaran's initiative has not only modernized the agricultural supply chain in India but also significantly improved the lives of countless farmers. #Innovation #Agriculture #SupplyChain #TechSolutions #Entrepreneurship #FarmToTable #Ninjacart #BusinessGrowth #StartupSuccess #MarkTwainWisdom

Exciting News from Superplum! Superplum, the premium fresh fruits agritech startup, has secured a remarkable $15 million in Series A funding to fuel its expansion plans. Led by incoming chairman Erik Ragatz, former Partner and current Senior Advisor at Hellman & Friedman, this funding round marks a significant milestone for the company. Joining Ragatz are esteemed investors including Mark Siegel, Dan Rose, Steve Jurvetson, Rick Kimball, Binny Bansal, and Kabir Misra, reflecting strong support and confidence in Superplum's vision. Founded in 2019, Superplum is dedicated to transforming produce supply chains in India through innovative technology and infrastructure development. The company's direct-from-farm approach, coupled with proprietary cold-chain technology, ensures the highest quality fruits reach consumers across the country. Superplum's commitment to transparency is evident through its traceability feature, allowing consumers to track the journey of each fruit batch from farm to table, including pesticide test reports. With a vertically integrated cold chain technology, Superplum extends shelf lives, reduces food waste, and enhances farmer incomes. The company operates across 22 states in India, offering 25 fruits year-round. Shobhit Gupta , Superplum's co-founder and CEO, emphasized the company's dedication to meeting the evolving demands of the Indian consumer market. Superplum's premium fruits are available online and at major retailers nationwide, with plans to expand to Mumbai soon. With a growing global presence and a focus on tropical fruits like Mangoes and Lychees, Superplum is poised for further success in the agritech industry. #Agritech #StartupFunding #FreshProduce #Innovation https://lnkd.in/geYNe-qc

Why are midstream #agribusiness models categorised as upstream in the 2024 AgFunder India #AgriFoodTech report? As per the report, upstream #startups have got $211M of total funding of $940M in 2023. Agribusiness Marketplaces and Fintech are surprisingly categorised as upstream which according to me should be midstream. 🙂WayCool Foods and ERGOS are considered midstream while Growcoms Pvt Ltd, VEGROW, Unnati, Balwaan Krishi and Hectar Global are added to upstream category! 🙃While SupplyNote is marked midstream, Captain Fresh is considered upstream. My understanding of upstream is anything around #agriculture and/or food traceability, sustainability, safety, R&D and innovation. (No.Digitizing existing business practices is not innovation). An adjustment done basis this will result in midstream investments improve to $128M which would be the second highest funded category for 2023 after eGrocery.

Fresh From Farm (F3), a leading platform revolutionizing the fresh fruit supply chain, has secured USD 2 million in a Pre-Series A funding round led by Inflection Point Ventures. This funding will fuel F3's growth initiatives, including team expansion, technological advancements, and the introduction of new product offerings, aligning with their vision for sustained success and market expansion. Vikram Ramasubramanian, Partner at Inflection Point Ventures, highlighted F3's transformative role in the industry, noting its tech-enabled platform's ability to streamline the fresh fruit supply chain, ensuring transparency, efficiency, and fair pricing. F3's commitment to sustainability by reducing wastage underscores its dedication to a healthier, more equitable future. Ashish Kacholia, Founder of Lucky Investments, commended F3's mission to address the challenges faced by fresh fruit retailers, emphasizing the company's expertise and focus on unit economics, which drive business growth through demand consolidation. Rohit Nagdewani, Founder of Fresh From Farm, outlined the company's vision to become India's largest fresh fruit provider, with plans for aggressive expansion in the New Delhi/NCR region. By prioritizing wastage reduction and efficient demand consolidation, F3 aims to enhance profitability for its retailer partners while targeting a Rs 100 crore ARR by the end of the calendar year. Operating with an annual recurring revenue of Rs. 40 crores and supported by a dedicated team of 50 professionals, Fresh From Farm utilizes cutting-edge technology in its 20,000 square feet facility in New Delhi to maintain quality standards and meet market demand effectively. With the Indian fresh fruit market valued at $115 billion and a steady CAGR of 5%, the sector presents significant opportunities for growth and expansion in the foreseeable future. #freshfromfarm #inflectionpointventures #funding #fundraisingalert #fundraiseralert #fundraisingalert #supplychain #freshfruitmarket #wastagereduction #revenue #growth #startup #startupgrowth #allboutcorps

Agrizy, an #agritechbusiness, raised $9.8 million in a fundraising round sponsored by Accion and Omnivore. Capria Ventures, Thai Wah Ventures, and current investor Ankur Capital all participated in the round, according to an Agrizy statement released on Monday. The company did not disclose its valuation in the most recent round. The money will be used to grow into new #productsectors and markets, establish contract development and manufacturing organisations (CDMOs) and value-added advisory services, and offer #financingservices to MSME processors and farmer-producer organisations (FPOs). Agrizy last raised $4 million in April 2022, in a deal headed by Ankur Capital. Vicky Dodani and Saket Chirania founded the Bengaluru-based platform in 2021, which connects #agricultural producers and processors, as well as purchasers of farm products in both food and non-food categories, to optimise transaction discovery and fulfilment. "Agrizy aims to transform India into a global food processing hub by helping FPOs and MSME agri-processors access export markets and comply with global quality standards, while offering these underserved stakeholders working capital from formal #financial institutions," said Dodani, the company's cofounder and chief executive. The firm works with agrifood processing MSMEs, offering a variety of digital services to increase long-term revenue and operational margins while optimising procurement and sales cycles. Agrizy claims to service over 100 institutional clients in India and beyond, including Europe, North America, and Asia. Accion's chief investment officer, John Fischer, stated that "Agrizy is seeking to reshape traditional agri-processing by providing a robust marketplace and support to improve production." The firm hopes to solve the absence of quality financing for small processors and the Farmer Producer Organisations who supply them, hence increasing incomes in #ruralcommunities." Managing partner at Omnivore Mark Kahn said, "The company's entry into #contractmanufacturing is critical for streamlining intricate, export-oriented supply chains." https://lnkd.in/fzpnPPW #Agrizy #agritech #funding #accion #omnivore #agriprocessing #foodprocessing #agriculture #investment #startup #India #fintech #farmers #foodsecurity #supplychain #startupfunding #farmtech #agriculturetechnology #smartfarming #agriinnovation #agrisupplychain #sustainablefarming Agrizy

India produces 24% of the world's milk. Yet, we barely make a dent in global dairy exports. The reason? Poor quality control, adulteration, and outdated farming practices. For Utkarsh Kapoor and ramee kachroo, this wasn't just a market gap – it was an opportunity to transform lives. Their paths crossed at INSEAD in 2017. One brought experience from American Express, the other from Canon. But their mission was singular: Make India's milk safer. In 2019, ORIGHT was born. But here's what makes their journey fascinating: - Started during COVID with a simple adulteration testing device - Won Ananda Dairy as their first client - Transformed 5000+ collection centers - Built MilkoReader - testing 6 adulterants in 45 seconds - Created digital milk passbooks for farmers - Generated $1M in revenue in FY24 The best part? They're not just digitizing milk collection – they're revolutionizing farmer finances. Today, ORIGHT's app connects everyone: -> From the farmer in remote villages -> To the executive in dairy headquarters -> Making every drop of milk traceable Sometimes, the biggest innovations come from connecting the dots others miss ❤️ What traditional industry do you think needs a tech revolution? Share below!👇 #dairytech #startup #innovation #agriculture #entrepreneurship

Superplum, the agritech startup renowned for its premium fresh fruits, has just achieved a groundbreaking milestone by securing an impressive $15 million in Series A funding to propel its expansion initiatives. Spearheaded by incoming chairman Erik Ragatz, formerly a Partner and now a Senior Advisor at Hellman & Friedman, this funding round signifies a pivotal moment for the company. Accompanying Ragatz are distinguished investors such as Mark Siegel, Dan Rose, Steve Jurvetson, Rick Kimball, Binny Bansal, and Kabir Misra, underscoring the robust backing and confidence in Superplum's vision. Established in 2019, Superplum is committed to revolutionizing produce supply chains across India through cutting-edge technology and infrastructure enhancements. Leveraging a direct-from-farm approach alongside proprietary cold-chain technology, the company ensures that only the finest quality fruits reach consumers nationwide. Superplum's unwavering commitment to transparency is evident through its traceability feature, empowering consumers to trace the journey of each fruit batch from farm to table, inclusive of pesticide test reports. With its vertically integrated cold chain technology, Superplum not only extends shelf lives and minimizes food wastage but also boosts farmer incomes. Operating across 22 states in India, the company offers a selection of 25 fruits year-round. Shobhit Gupta, the co-founder and CEO of Superplum, underscores the company's dedication to meeting the evolving needs of the Indian consumer market. Superplum's premium fruits are readily accessible online and through major retailers nationwide, with imminent plans for expansion into Mumbai. With an expanding global footprint and a strategic focus on tropical fruits like Mangoes and Lychees, Superplum stands on the brink of further triumph within the agritech industry. #Superplum #AgriTech #Startup #Funding #Fundraiser #FundraisingAlert #FundingAlert #SupplyChain #ColdChain #TropicalFruits #AllBoutCorps

Fresh From Farm Secures $2 Million in Pre-Series A Funding, Spearheaded by Ashish Kacholia. 1. Funding Round: Fresh From Farm, a B2B2C platform, raised $2 million in a pre-Series A round, led by Ashish Kacholia, founder of Lucky Investments, with participation from Inflection Point Ventures. 2. Operational Focus: Fresh From Farm streamlines retailers' operations by managing procurement, handling, sorting, and distribution, allowing them to concentrate solely on sales. 3. Utilization of Funds: The allocated funds will be utilized for team expansion, technological enhancements, and the introduction of new product lines. 4. Tech-enabled Efficiency: Fresh From Farm employs proprietary technology to forecast and establish a demand-supply equilibrium, thereby reducing wastage of fresh produce. 5. Market Potential and Growth: With a substantial market size of $115 billion and a 5% compound annual growth rate (CAGR), Fresh From Farm aims to become India’s largest fresh fruit company, focusing on aggressive expansion in New Delhi and the NCR region, targeting Rs 100 crore ARR by the end of the calendar year. #freshfromfarm #sharktankindia #funding #agriculture #startup #agritech #sabagris #bausabour #AshishKacholia #B2B2C