Prophecy Market Insights’ Post

🔔 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

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

Country Delight Raises ₹2,200 Crore from Alteria Capital: A Game-Changer for the Dairy and Agri-Tech Industry 🚀 In a major development for the Indian dairy and agri-tech ecosystem, Country Delight, a leading fresh milk and dairy brand, has successfully raised ₹2,200 crore in funding from Alteria Capital. This marks a significant milestone for the company, positioning it for accelerated growth and expansion in a rapidly evolving sector. Why This Matters: Strengthening India's Dairy Supply Chain: Country Delight’s focus on fresh, chemical-free milk has revolutionized the dairy supply chain, and this funding will enable further innovations in sourcing, processing, and delivery. Tech-Driven Agri Business: The company is making waves by integrating technology to ensure freshness, transparency, and sustainability in the agri-tech sector. With this capital infusion, Country Delight can scale its technology stack, improve supply chain efficiencies, and enhance consumer experience. Expanding Footprint: The capital raised will empower Country Delight to deepen its reach in existing markets while expanding into new regions, strengthening its position as a top player in the Indian dairy market. Investment in Sustainability: The funding will also fuel efforts towards building a more sustainable and eco-friendly dairy supply chain, aligning with growing consumer demand for ethical and environmentally-conscious brands. For those watching the growth of India’s dairy and agri-tech sectors, this is a key moment. Country Delight is setting a new benchmark in how innovation can drive transformation in one of the world’s largest and most vital industries. This round not only boosts Country Delight's growth trajectory but also reinforces the growing interest in the Indian agri-tech space, showcasing investor confidence in the future of tech-enabled solutions in traditional industries. #AgriTech #DairyInnovation #CountryDelight #AlteriaCapital #InvestmentNews #IndianStartups #Sustainability #TechInAgriculture #FundingNews

Agritech startup Agrizy secures $9.8 Mn. The round was co-led by Accion and Omnivore, with participation from Capria Ventures, Thai Wah Ventures, and Ankur Capital. Founded by Vicky Dodani and Saket Chirania in 2021. 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. 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. 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.” ➡️ Showcase your AgriStartup on Your AgriStory : https://lnkd.in/gA8jeYJv #agrizy #funding #agritech #omnivore

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.

25 flights. 42 investors. 40 rejections. This is the story of the D2C meat and fish company Licious valued at Rs 12,300 crore! 📌Introduction Licious’s founders Abhay Hanjura and Vivek Gupta faced an uphill battle when they set out to revolutionize the meat and seafood industry in India. Their idea of a farm-to-fork model, ensuring quality and hygiene from sourcing to delivery, was met with skepticism by investors. However, their perseverance paid off, and Licious has since transformed the traditionally fragmented and unorganized meat market in India. 📌Business Model The company's business model revolves around end-to-end control of the supply chain. From sourcing from government-approved suppliers and ethical farmers, to state-of-the-art processing plants adhering to strict hygiene standards, to a robust cold chain logistics network, Licious ensures product quality and safety at every step. 📌Role of Technology Technology plays a crucial role in Licious's operations. Customers can seamlessly order through the company's website and mobile app, tracking their orders in real-time. This transparency and reliability have been key factors in gaining consumer trust in a market dominated by traditional wet markets. 📌Challenges Despite challenges such as supply chain management, gaining consumer trust, and navigating regulatory hurdles, Licious has set new standards in the industry, encouraging other players to improve their practices. 📌Expansion After securing significant funding from prominent investors like 3one4 Capital, Bertelsmann India Investments, and Vertex Ventures, the company expanded its product portfolio to include ready-to-cook and ready-to-eat items, marinated products, and cold cuts. From its initial base in Bengaluru, Licious now operates in several major Indian cities, with plans to enter more markets. 📌What we can learn from Licious as a startup? From a startup facing numerous rejections to a leading player in the Indian meat and seafood industry, Licious showcases the power of innovation, perseverance, and a commitment to quality. By addressing critical issues in the supply chain and focusing on consumer needs, Licious has not only disrupted the market but also paved the way for a new era of organized retail in the sector. P.S. Repost ♻️and share Licious’s story with your network.

Agri-processing platform Agrizy announced today that it has raised Rs 82 crore in Series A funding. The round was co-led by ACCIONA and Omnivore, with participation from Capria Ventures, Thai Wah Ventures, and existing investor Ankur Capital. India has more than 2 million food processing MSMEs, which operate significantly under capacity and struggle to find B2B customers. Agrizy, an Indian agri-processing platform, recently secured Rs 82 crore in its Series A funding round. The round was co-led by Accion and Omnivore, with participation from Capria Ventures, Thai Wah Ventures, and existing investor Ankur Capital. Despite India's $400 billion agri-processing market experiencing a 9% annual growth rate, only 10% of farm produce is currently processed, compared to global leaders such as China (40%) and developed nations (70%). Agrizy aims to bridge this gap by providing Micro Small and Medium Enterprises (MSMEs) with a fully managed B2B marketplace for agrifood supply chains and processing. The platform connects all stakeholders in the agrifood ecosystem to optimize transaction discovery and fulfillment. Agrizy collaborates closely with MSMEs, offering a suite of digital services to boost long-term revenues, enhance operating margins, and streamline procurement and sales cycles. With the new funding, Agrizy plans to expand into new product areas and geographies, launching Contract Development Manufacturing Organization (CDMO) and value-added advisory services, as well as offering financial services to MSME processors and Farmer-Producer Organizations (FPOs). Factacy.ai Congratulates and wishes them well as the investment will empower Agrizy to actively drive these crucial initiatives in both local and global markets. Vicky Dodani #innovation #management #digitalmarketing #technology #creativity #futurism #startups

Agrizy Raises $9.8 Mn in Series A Funding 🚀 Overview of Agrizy: Founded in 2020, Agrizy is a Bengaluru-based B2B agri-processing platform designed to address the needs of the processed agrifood value chain. The company was co-founded by Saket Chirania and Vicky Dodani. Agrizy's platform enables agrifood processors to procure pre-processed and semi-processed agrifood products with end-to-end fulfillment services, including quality assurance, logistics, and payment solutions. The company’s fintech services provide working capital for processors from formal lenders at competitive rates. 💰 Funding Details: Agrizy has raised $9.8 million (Rs 82 crore) in its Series A round of funding, co-led by Accion and Omnivore, with participation from new investors Capria Ventures and Thai Wah Ventures. Existing investor Ankur Capital also doubled its investment in this round. This latest investment brings Agrizy’s total funds raised to $17.3 million, including a $5 million debt round. The seed round of $2.5 million was led by Ankur Capital with participation from Omnivore. 🌟 Why Choose Agrizy? Agrizy offers unique value-added processing services that provide custom-processed agro food products for large agrifood processors and brands. The platform’s comprehensive services help to increase capacity utilization and profitability for SME processors. Additionally, its fintech services enable processors to access working capital from formal lenders at competitive rates. Aspirants Space ( https://lnkd.in/gYkc-Ni8 ) encourages Agrizy to hire top talent for their expansion into new product areas and geographies. Aspirants Space is dedicated to connecting leading companies with exceptional professionals to drive innovation and success. Source : https://lnkd.in/g_UfZqps #AspirantsNews #AgriTech #Investment #Agrizy #TechGrowth #DigitalFinance #Innovation #BusinessExpansion #IndiaAgri #FundingNews

📣 Spotlight on Innovators #2 📣 Did you know that every year close to 50,000 trucks (1.6 million tons) of excess stocks of raw materials from the agri-food industry are incinerated in Europe, even though most of them are still consumable? This shocking statistic led to the birth of Stokelp, in 2021. Envisioned as a "Leboncoin for food manufacturers", the startup is revolutionizing the way food manufacturers buy and resell their excess raw material stocks. Startups like Too Good To Go are helping address the issue of food waste on the consumer side. They allow users to buy unsold items from local shops, restaurants or retailers which are close to getting expired but still good to eat. Stokelp works with a similar model but for the industry. It allows food industrials to sell excess stocks of perishables instead of throwing them out. They can set the price at which they would like to sell (generally 30% below the market price) and the buyers are notified through an alert system about the available produce. Categories they are present in: 🍎 Fruits 🥕 Veggies 🐟 🥩 Seafood and Meat 🌿 Herbs 🥛 Dairy 📦 Packaging 🍳 Catering The co-founders, Tanguy De Cottignies and William Launay have a combined experience of 20 years in the agri-food industry, specializing in supply management. Real results 👩🔬 4739.5 tonnes of CO2 emissions saved 🥦 5737.6 tonnes of raw materials on sale 👩 👨 2.3k+ active users Stokelp raised $3 million in July 2023 in a round led by OneRagtime, Better Angle, AFI Ventures and Rothschild & Co (through their R&Co4Generations foundation) to strengthen its platform and expand operations in Germany. As the saying goes, "One man's trash is another man's treasure". With Stokelp, the surplus stocks find a new purpose, contributing to a more sustainable and efficient agri-food industry 🌱 Here's to Stokelp's journey ahead, filled with growth, innovation, and positive change 💫 #foodwaste #impactinvesting #startups #france #innovation #funding #vc #impact #sustainable