VC Fund Investments
Agritech startup Bijak raises $20-M from Bertelsman, Omidyar, others
Gurugram-based agritech startup Bijak has raised INR 144.2 crore, or nearly USD 20 million, in a Series B round from five new and existing investors. It is allotting 393 equity shares and 2,350 Series B preference shares as part of the round. Bertelsman has led the investment with INR 98.64 crore followed by Omidyar with INR 22.8 crore. RTP Global, Surge Ventures and Better Capital have invested INR 15.2 crore, INR 5.7 crore and INR 1.9 crore, respectively. Three-year-old Bijak is a B2B trade platform for the agricultural sector. It enables traders, wholesalers and food processors to keep a ledger of their transactions with access to transparent pricing, logistics and loans.
From the Venture Intelligence PE-VC Deal Database: Between Oct-19 and Apr-20, Bijak raised $14.4 M from RTP Global, Omnivore Partners, Omidyar Network, Sequoia Capital India, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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