[Funding alert] Agritech Startup ONO Secures 11 Cr Seed Funding

The innovative agri-tech startup ONO has secured its seed round of fundraising, raising 11 crores. Aeravti Ventures led the investment round, with Indigram Labs participating.

Through encouraging openness, trust, and equitable economic growth prospects for farmers and ecosystem stakeholders throughout India’s APMC/MANDI network, ONO aims to strengthen the agricultural industry’s supply chain. This contribution will support this goal, as reported by cxotoday.

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Commenting on the funding, Rama Rao Kancharapu, Founder and CEO of ONO, expressed, “We have seen an unprecedented acceptance of our products in Mandis and we are confident in our ability to scale our platform and build a sustainable business that creates tangible impact. Having long-term partners, such as Aeravti Ventures and other industry leaders, on board allow us to broaden our horizons and catalyze our growth.

ONO tackles pain problems at the ecosystem level, such as operational inefficiencies, price intelligence, market discovery, supply and demand insight, and prompt access to formal finance.

Rishabh Singh, Managing Partner at Aeravti Ventures, stated, “Doubling down on India’s agriculture ecosystem has been a key focus for us. We believe in the transformative power of technology to address systemic challenges, and ONO is well-positioned to disrupt the Mandi Ecosystem of India.”

About ONO

ONO is an agri-tech product company. It has built a first-of-its-kind multisided agri-tech platform that promotes transparency and increases trust across the agri ecosystem.

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