Agrizy, an agrotech startup, has successfully secured $9.8 million in funding. The funding round was co-led by Accion and Omnivore. The round also saw participation from Apria Ventures, Thai Wah Ventures, and existing investor Ankur Capital.
Agrizy connects suppliers, buyers, and agriculture suppliers through its platform. The company aims to position India as a global food processing hub, empowering Micro, Small, and Medium Enterprises (MSMEs), Farmer Producer Organizations (FPOs), and small and medium-sized companies in the agrotech sector.
The newly raised funds will be used to expand Agrizy’s market reach and enhance its product offerings. The company plans to reshape traditional agro-processing by providing comprehensive support and creating a robust marketplace. This expansion is expected to further solidify Agrizy’s role as a pivotal player in the agrotech industry.
Agrizy currently serves 100+ institutional clients in India and overseas, spanning Europe, North America, and Asia. Since its inception, Agrizy has made significant contributions to the agrotech sector, currently serving over 100 institutional clients across India and internationally, spanning regions such as Europe, North America, and Asia. This extensive client base underscores Agrizy’s capability to cater to diverse market needs and its commitment to fostering global connections.
Agrizy Co-founder and Chief Executive Vicky Dodani emphasized the strategic importance of this funding round.
“Agrizy aims to transform India into a global food processing hub by helping FPOs and MSME agri-processors access export markets and comply with global quality standards, while offering these underserved stakeholders working capital from formal financial institutions. The current investment will empower Agrizy to actively drive these crucial initiatives in both local and global markets.”
This vision highlights Agrizy’s dedication to enhancing the livelihoods of rural communities through advanced agricultural solutions.
India’s $400 billion agri-processing marketthough growing 9% annually, according to an Accion press release, faces a bottleneck: only 10% of farm produce gets processed today. This pales in comparison to global leaders like China (40%) and developed nations (~70%). India has more than 2 million food processing MSMEs, which operate significantly under capacity and struggle to find B2B customers, especially in export markets.
The success of this funding round reflects growing investor interest in agrotech solutions that address critical challenges in agriculture. Agrizy’s innovative approach and strategic partnerships position it well to continue driving significant advancements in the sector. With this fresh infusion of capital, Agrizy is poised to lead the way in revolutionizing agro-processing and strengthening India’s position in the global agrotech landscape.