Private Equity Fund Investments
B2B agri marketplace Bijak to raise $35-M led by Bertelsmann India at $250-M valuation
Gurugram-based Bijak, an agritech startup, is in talks to raise USD 35 million (INR 264 crore) in a round led by Bertelsmann India. The round values the two-year-old startup at USD 200-250 million. Bijak is a B2B marketplace for agricultural goods. The platform enables traders, wholesalers and food processors to keep a ledger of their transactions, access transparent pricing, optimise logistics and improve their working capital cycles. Bijak had raised USD 12 million in a Series A funding round in April last year from investors led by Russian venture capital firm RTP Global, at a valuation of USD 85-90 million. The startup counts Omidyar Network, Omnivore Partners and Better Capital among its investors. It was part of Sequoia startup accelerator programme Surge's second cohort of 2019.
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