Private Equity PE Fund Investments
Fresh veg & fruits seller Otipy raises $6-M more in Series B
Source PTI (opens in a new tab)
Gurugram-based agritech service Otipy (operated by Crofarm Agriproducts Pvt Ltd), which sells fresh vegetables and fruits through its mobile app, has raised USD 6 million more as part of its Series B round taking the round size to USD 32 million. The fresh funds will help the firm expand business to new geographies within the country, strengthen its supply chain, invest in technology, and add product categories.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: In Jul-21, Crofarm (Otipy) had raised $10.2 M in its Series A round. In Dec-21, it had raised $26 M as part of its Series B. Its investors include Susquehanna International Group, WestBridge, Omidyar Network, Pravega Ventures, InnoVen Capital, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)