Friday, October 7, 2022
HomeInsightFunding Alert Agritech startup Veg Route raises $1.1 mn in seed round

[Funding alert] Agritech startup Veg Route raises $1.1 mn in seed round

Agritech startup Veg Route has raised $1.1 million in its seed funding round from US-based VGROW Ventures, along with Ravi Shankar Kathirvelu, Chief Business Officer, Venture Partner. 
Shyam Prashad Rajasekaran, founder Veg Route

Agritech startup Veg Route has raised $1.1 million in its seed funding round from US-based VGROW Ventures, along with Ravi Shankar Kathirvelu, Chief Business Officer, Venture Partner. 

Other investors including Mohan K and Jai Kumar (founders of Ippopay) ; Hari TN (Co-founder, Artha School of Entrepreneurship) ; and Abhishek Raj Pandey (Head of Commercial Operations, Mama Earth) also participated in this round.

The startup plans to use the funds to scale up technological and data-driven solutions to strengthen and revolutionize the fresh produce supply chain.

Read also – [Funding alert] Drone startup EndureAir Systems raises 13.5 Cr in seed round

The Chennai-based Veg Route was founded in November 2020 by Anand Alagarsamy and Shyam Prashad Rajasekaran, It is a B2C fresh produce agritech supply chain platform that directly connects farmers to the end consumer and eliminates middlemen in the process and also ensures better pricing.

The startup plans to set up cold store warehouses and last mile delivery operations in e-vehicles and collection centers in small towns and villages in South India. It delivers fresh produce to your doorstep from farms in five cities and tier-2 and tier-3 cities.

Shyam Prasad Rajasekaran, Founder and CEO, Veg Route, said the startup will expand its operations and connect with over 50,000 farmers and cater to over 2.5 lakh consumers per day across 100 cities by 2025.

Earlier this year, Veg Route had raised $180 K in its pre-Seed funding round from various investors.

Read also – [Funding alert] Cybersecurity platform BugBase Raises $500K in funding Led By 2am VC, others

About Veg Route

Veg Route is India’s favourite online delivery platform that offers freshly hand-picked fruits & vegetables right at doorsteps, which is operational in Tier-2 and Tier-3 towns of India, catering to 2,00,000+ customers with the fresh produce from farms to plates within 12 hours of harvest.

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