Friday, October 7, 2022
HomeInsightFunding Alert Agri Marg raises 1.12 Cr in Pre-seed round of funding

[Funding alert] Agri Marg raises 1.12 Cr in Pre-seed round of funding

[Funding alert] Agri Marg raises 1.12 Cr in Pre-seed round of funding

Agricultural commodity trading platform Agri Marg has raised 1.12 crore in its pre-seed funding round from various angel investors including Ramesh Kumar Bajaj, Ankitha Bung, Megha Bung, and CA Shubhangi, a member of IVY Growth Associates.

Hyderabad-based Agri Marg was founded in 2022 by Rajiv Bang, It provides a simple and one-stop solution for the agricultural commodity supply chain.

India is a country where agriculture is often called the backbone, with over 50% of its workforce engaged in agriculture and food processing sectors, yet the supply chain network for agricultural commodities is disorganized and inefficient, with many intermediaries between are present.

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With its services, the startup builds bridges and connects producers of agricultural commodities directly with the end buyers.

The company’s services include providing daily real-time rates of commodities as well as price history; Quality checks while sourcing items; Optimized logistics to reduce waste; delivery tracking; credit lines for end buyers; and resale assurance to buyers in the event of damage to the delivered goods.

Rajiv Bang, founder of Agri Marg, said, “Their vision is to create an ecosystem of services and trust for their customers to increase ease and efficiency in their daily business.”

“Unless the day-to-day operations of every stakeholder in the agricultural supply chain aren’t organised and efficient, development and growth are just mere words in the agricultural sector”, he added.

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The startup leverages data, technology and logistics services to build a complete supply chain network. Through a one stop solution for the supply chain, it provides ways to improve ease, efficiency and increase profits for all parties involved (suppliers, customers, etc.).

About Agri Marg

Agri Marg Pvt ltd is a one-stop solution for suppliers of Agri commodities to share and store rates to increase sales, margins, and earnings through price fluctuations and decrease credit lines. At the same time, it helps buyers get exact source rates on a Daily basis as per their inquiry to procure directly or negotiate better from their current set of suppliers.

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They believe that they can provide better opportunities and build a greater supply chain for all their customers through technology. Building a customer-centric ecosystem by catering to their various needs, and utilizing the existing infrastructure, will present innumerable growth opportunities for customers.



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