Agritech platform Agrizy has raised $9.8 million in its Series A funding round led by nonprofit Accion and impact venture capital firm Omnivore. Existing backer Ankur Capital also took part in the round, which will allow the Bengaluru-based startup to introduce new services and support small-scale food processors.
Founded in 2021, Agrizy connects agricultural suppliers, processors and buyers through its digital marketplace. The platform facilitates transparent sourcing of farm produce and helps improve infrastructure for small enterprises. With key goals of optimizing supply chains and boosting domestic food processing, Agrizy offers farmers and entrepreneurs customized sourcing solutions alongside financing through partnerships.
The fresh capital infusion will fuel Agrizy's nationwide expansion plans. The startup aims to launch new contract manufacturing and consultancy divisions while providing financial options to farmer organizations and MSMEs. This is expected to empower small players by enabling exports and meeting international quality standards.
Krishnan Neelakantan of Ankur Capital, an early backer, praised Agrizy's ability to build a proven business model at scale through client-centric services. As the agritech sector transforms outdated practices with innovative solutions, homegrown startups are seizing opportunities across advisory, marketplace facilitation and more. With India's farm sector accounting for over 15% of GDP, rapid market growth is forecast as digitization modernizes agriculture supply chains.
By streamlining procurement, inventory and payments for all participants, Agrizy is driving much-needed efficiency gains. The successful funding round positions the platform well to support rural livelihoods and make India a global food processing leader through inclusive agritech innovations.
