Agraga raises Rs 100 Cr funding in pre-Series B round

Agraga, a digital freight forwarder, has raised Rs 100 crore (around $12 million) in its pre-Series B funding round led by Bajaj Finserv Group.

The round also saw participation from existing investor IvyCap Ventures and select global angel backers. 

The funds will help the company grow its cross-border logistics platform, strengthen its LCL (Less-than-Container Load) services, improve automation and tracking tools, and expand its presence in key export hubs.

Read also- Thimblerr raises $1.4 Mn funding led by Inflection Point Ventures

Venkatesh Narayanaswamy, Co-founder & CEO, Agraga, said in a statement, “This investment marks a major milestone in Agraga’s journey to make global trade simple, transparent, and reliable for Indian exporters. We are grateful to our investors for their continued belief in our vision. The new capital will allow us to deepen our technology stack, strengthen partnerships across trade ecosystems, and expand internationally—all toward our mission of making global shipping as easy and reliable as booking a cab.”

Sam Subramaniam, President - Private Equity & Group Strategy Head, Bajaj Finserv, the Lead Investor, said in a statement, “At Bajaj Finserv Group, we invest in tech-driven businesses that act as ecosystem enablers and demonstrate sustainable, long-term value. Agraga perfectly fits this mandate with its technology-led platform that serves the global shipping needs of mid-market and SME clients. By delivering seamless logistics integration, it enables clients to connect to global supply chains and build scalable growth. We look forward to supporting Agraga in its next phase of expansion.”

Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, said in a statement, “Agraga is redefining the future of logistics by leveraging technology to simplify global trade for India’s MSMEs—a segment critical to our economy. Their integrated platform approach, combining automation, visibility, and financial enablement, is addressing long-standing inefficiencies in cross-border freight. We are happy to continue our partnership with Agraga as they scale their impact and strengthen India’s position in global supply chains.”

Advertisment

About Agraga 

Founded in 2021 by Venkatesh Narayanaswamy, Agraga offers a single platform that brings together freight booking, customs, warehousing, and built-in financial services. It aims to make cross-border logistics easier for MSMEs and mid-market companies with real-time pricing, tracking, and compliance tools.

The company says its platform is built on four layers: discovery, tracking, execution, and data-driven decision-making.

Agraga serves over 700 customers and 1,000 vendors across 40 global trade routes. It also works with banks like ICICI Bank and IDFC First Bank. Its subsidiary, Byteport Logistics, focuses on aggregating channel partners for MSME and LCL customers.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Latest Business and Startup News: Discover Funding Trends and Stories Shaping Indian Startups.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Advertisment

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving success.