one-time AGRIM, a B2B agri-inputs platform, has secured $17.3 million (Rs 145 crore) in a Series B funding round that was anchored by Asia Impact.
The company stated that it will allocate the funds to enhance its technology and expand its operations throughout the nation.
Additionally, Unitus Capital served as the exclusive financial advisor for the transaction, and existing investors participated in the round.
The company, which was established in 2020, was valued at $47.2 million as of December 4, 2023, and had previously raised $65.9K in a Series A funding round in 2023.
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AGRIM currently provides over 30,000 SKUs from 1,200 manufacturers to 25,000 retailers, which serve and educate 15 million farmers, according to the company.
Mukul Garg and Avi Jain, Founders of AGRIM, said: “Our goal is to make AGRIM the go-to platform for agri-input retailers. With the current funds, we will continue to invest in our technology and people to deliver transformative digital solutions for the agri-inputs supply chain in India,”
About AGRIM
Founded in 2020 by Mukul Garg and Avi Jain, AGRIM B2B commerce platform for Agri-Inputs, which brings small retailers and manufacturers on one platform.
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