AGRIM, an agrotech startup, has raised $17.3M in its Series B funding round led by Asia Impact SA, an impact investment firm. The startup will use the fresh funds to strengthen its technology, enhance offerings and scale up its operations.
Agrim serves in the B2B space in the Retail, Food and Agriculture Tech market segments, providing farmers and agri-input retailers procure seeds and pesticides directly from manufacturers. It offers a diverse selection of agricultural inputs at competitive prices with flexible payment options. Retailers can also enjoy convenient delivery of goods directly to their stores. The mobile app, Agrim Retailer App, is available on Android devices.
The range of products includes four main categories: seeds, agrochemicals, nutrition, and tools. Each category features specific subcategories like herbicides, fungicides and pesticides for crop protection. The startup plans to expand its range by adding two new categories: animal feed covering cattle, fish and shrimp feed and testing out irrigation equipment.
Founded by Mukul Garg and Avi Jain, Agrim offers 30,000 stock-keeping units from 1,200 manufactures to 25,000 retailers.
“Our goal is to make AGRIM the go-to platform for agri-input retailers. With the current funds, we will continue to invest in our technology and people to deliver transformative digital solutions for the agri-inputs supply chain in India.”
The startup has raised $10M in its Series A funding round led by Kalaari Capital in 2022, with participation from existing investors. For the Series B round, Kalaari Capital, Omnivore, India Quotient and Accion Venture also participated.
The impact investment firm also supports a range of other Indian companies, including Arya.ag, Vilcart, Creditas and others. Earlier this month, Agrizy raised $9.8M in a Series A funding round co-led by Accion and Omnivore.
