KisanKonnect raises Rs 72 cr from Bajaj Finserv Ventures, others

Kisankonnect, an omnichannel farm-to-fork startup has raised Rs 72 crore (around $8 million) in a pre-Series B funding round led by Bajaj Finserv Group.

The round also saw participation from Mistry Ventures, Desai Foods, Dhanuka Agritech, and Action Tessa Family Office.

The startup will use the new funds to strengthen its technology and supply chain, expand its online and offline presence, and grow its network of farmers.

Read also- Recove raises Rs 5.3 Cr in pre-seed round led by Momentum Capital

About KisanKonnect 

Founded in 2020 by Vivek and Nidhi Nirmal, the Mumbai-based KisanKonnect connects farmers directly with over 1 lakh customers in Mumbai and Pune through its app and farm stores. The startup partners with farmer communities for sustainable produce and uses proprietary technology to deliver fresh fruits and vegetables.

Its supply chain intelligence includes IoT and RFID traceability, AI-driven demand forecasting, a farmer advisory app, and real-time dashboards, enabling management of 650+ temperature-sensitive SKUs with minimal wastage.

The digital app offers 60-minute deliveries, while KisanKonnect Farm Stores cater to offline shoppers.

Advertisment

This funding is the startup's second fundraising this year. In January this year, the company bagged $4.5 Mn in its Series A round led by Mistry Ventures.

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.

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