VC Fund Investments
Farm-inputs aggregator Agrim raises $17.3 M Series B led by Asia Impact
Gurugram-based B2B (business-to-business) farm-inputs platform Agrim has raised USD 17.3 million (INR 145 crore) in a Series B round led by Asia Impact. The round also saw participation from the company’s existing investors. Unitus Capital was the financial advisor for the transaction.The company will use the funds to expand operations across the country and strengthen its technology.Founded in 2020, Agrim claims to offer more than 30,000 SKUs (stock keeping units) from 1,200 manufacturers to 25,000 retailers which serve and educate 15 million farmers. It had reported revenue of INR 159 crore for FY 22-23 compared to INR 65.1 crore in FY 21-22.
Between May-20 and Nov-21, Agrim had raised about USD 12 M from Accion International, India Quotient, Kalaari Capital, Omnivore Partners, Peak XV Partners, Others.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
