[Funding alert] Agri-fintech platform Ayekart raises $5.5 mn in funding round

Through an equity and debt fund round, Caspian Debt, a corporate lending financial services company, and Siply, a tech-enabled platform offering microfinance services to HNIs, funded $5.5 million for Ayekart, an integrated digital platform in the food and agriculture value chain.

The fund will be used, according to the corporate statement, to meet the growing commercial needs of established companies in the food and agriculture industry by offering them financial and technological support to advance their operations and promote growth.

Founded in December 2020 by Debarshi Dutta, Ayekart is an integrated supply chain platform for empowering Traditional Business with Technology, Services and Finance.

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“Ayekart constantly thrives to enable the best of its services through finance, technology, and services for the betterment of FPOs, farmer communities, and traditional businesses. We will use the fund raised to strengthen our ecosystem to meet the necessities of small and traditional vendors, dealers/distributors, farmer communities, millers, processors, distributors and retailers”, Debarshi Dutta, CEO & Co-founder, said.

AyeKart platform acts as a backbone in digitally layering the existing MSME supply chain and can be accessed by stakeholders, distributors, wholesalers, retailers, and consumers mobile applications.

“We are delighted to support Ayekart in its growth journey of empowering small businesses in the agriculture value chain. Ayekart plays a significant role in providing new market avenues as well as payment assurance to the suppliers in the agribusiness ecosystem. Their platform provides strength to the local ecosystem players (processors, distributors, and retailers), helping them to grow the business without affecting their margins, thus creating a positive impact. “We look forward to continuing our participation along their journey,” Avishek Gupta, Managing Director & CEO of Caspian Debt, said.

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Instead of crowding each stakeholder’s user experience with a single application, they took the route of offering three different applications focused on each segment.

1. Ayekart B2B application for efficient and trusted sourcing – Digital Supply Chain
2. Hisab application for store management- Professionally managed on a mobile
3. Ayekart B2C application for hyperlocal sales – Access your neighborhood stores digitally

About AyeKart

AyeKart is incubated by experienced Fintech, marketplace and Banking professionals with over nine decades of collective professional experience with domestic and international corporations. AyeKart as an ecosystem is an outcome of their decision to unleash their collective knowledge, industry connections and entrepreneurial aspirations to identify, solve and create a digital marketplace for the underserved MSME segment and their consumers.