BharatAgri, an advisory-led agricultural inputs online commerce platform, secured its $4.3 million Series A funding from Arkam Ventures.
Capria Ventures, India Quotient, 021 Capital, and Omnivore all contributed to the round. According to a statement from the company, the money will be utilised to improve the last-mile delivery process and grow BharatAgri’s ecommerce system to new regions.
“In the next three years, over 50 million farmers will use the internet for the first time and we want BharatAgri to be their bridge to the digital era of agri that is now dawning… With this investment, BharatAgri aims to further strengthen its rural supply chain, expand the user base and become the largest and the de facto e-commerce platform for farmers,” Siddharth Dialani, Co-Founder of BharatAgri said.
By assisting more than 10 lakh Indian farmers who practise intelligent farming across India, BharatAgri has made a name for itself.
“Agri inputs is a $44 billion market in India and suffers from stockouts, misinformation and non-scientific usage behaviour… The credible advice from BharatAgri helps bridge the trust deficit that accompanies input purchasing and promises to open a digital channel for thousands of new products and brands that farmers seek to buy,” said Arkam’s Chandra.
Over 10K agricultural goods, including seeds, insecticides and pesticides, and machinery for farming, are available on the ecommerce platform of BharatAgri, which is its main source of income. These products are delivered throughout India to more than 20K different pin codes.
With the aid of current technology like smart satellite mapping, weather forecasting, soil testing, and water testing, BharatAgri is a Smart Kisan & Smart Farming App for Farmers that aims to boost farmers’ overall farm income.