Agrim, co-founded by IIT-KGP alumni, raises $10M in funding led by Kalaari Capital, Axis Bank
Economic Times (February 17, 2022)
Agrim raises $10 million in funding led by Kalaari Capital, Axis Bank
Photo on the left: Avi Jain ('09) and Mukul Garg ('09)
The startup plans to use this funding for talent acquisition, embedded fintech product development, and scaling up operations.
New Delhi: Agrim, a business to business (B2B) platform for agri-inputs, said on Thursday that it has raised $10 million in a funding round led by Kalaari Capital. The round also saw participation from existing investors Omnivore, India Quotient, and Accion Venture Labs. Axis Bank also joined the round as part of its Bharat Banking initiative.
The startup plans to use this funding for talent acquisition, embedded fintech product development, and scaling up operations. It expects to clock annualised gross merchandising value (GMV) of $100 million in 2022.
The Gurugram-based startup, founded by IIT Kharagpur alumni Mukul Garg and Avi Jain, is building the digital platform for India’s $50 billion agri-inputs industry by connecting retailers directly with manufacturers and providing all parties with solutions for distribution, credit, logistics, and marketing. (Read More) (Agrim website)