Private Equity

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B2B fruits & vegetable supplier Handpickd to raise INR 21.7 Cr

Entrackr   Handpickd  

Gurugram-based fresh fruits and vegetables supply chain startup Handpickd (previously Sorted) is to raise INR 21.7 crore in an extended seed round led by Nitin Gupta and Genesia Ventures with the participation of BEENEXT, Stargazer Ventures, Eximius Ventures, Sunrise Sunset Family Trust, and others.Nitin Gupta, Partner at GG Enterprises and Genesia Ventures, led the round with an investment of INR 6.48 crore and INR 6 crore, respectively, followed by existing investor Beenext, which is contributing INR 2.16 crore. Sunrise Sunset Family Office will invest INR 2 crore, while the remaining amount will be covered by Infinyte Club Angel Fund and Eximius Ventures, Stargazer Ventures and Ankit Agarwal.Founded in 2022 by Anant Goel along with Nitin Gupta and Sahil Madan, Handpickd operates on a B2B2C model, delivering fresh fruits and vegetables through a tech-enabled supply chain. The company sources produce directly from local farmers and vendors, leveraging a network of micro-entrepreneurs for efficient last-mile delivery.

Between Sep 2022 and Sep 2023, Handpickd had attracted about USD 7 M from Beenext, Blume Ventures, LogX Ventures, NB Ventures, White Ventures and othersFor FY24, Handpickd had reported about INR 18 Cr in Operating Income and about INR 21 Cr in Net Loss.