VC Fund Investments
Digital logistics player Agraga raises Rs.70-Cr from IvyCap Ventures, Alteria Capital
Chennai-headquartered digital logistics startup Agraga has raised INR 70 crore (around USD 8.51 million) in a Series A round led by IvyCap Ventures, with participation from Alteria Capital. The funds will be used to expand operations from three cities at present to more than 15 cities by March 2024. Co-founded by Venkatesh Narayanaswamy and Anoop Raghavan, Agraga commenced operations in 2021. It offers services including rail and road transport, ocean and air freight, warehousing, customs, insurance, and finance. It claims that its digital ecosystem is equipped with data analysis, partner integration, product curation, and optimising supply chains to provide adaptable solutions that cater to the exclusive needs of every customer. Agraga claims to have 200 customers in the enterprise and MSMEs (micro, small and medium enterprises) segment, and more than 500 digitally connected partners.
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