Agrizy, a B2B agri-processing platform, has raised $9.8 million in its Series A funding round, co-led by Accion and Omnivore, with participation from new investors Capria Ventures, Thai Wah Ventures, and existing investor Ankur Capital to revolutionize the agri-processing industry by providing advanced financial services.
Agrizy’s latest funding round raises its total funds to $17.3 million. This includes a $5 million debt round and a $2.5 million seed round led by Ankur Capital with participation from Omnivore.
The company plans to utilize the funds to expand into new product areas and geographies. Additionally, Agrizy will develop advisory services and offer financial services for processing businesses and farmer-producer organizations.
Agrizy Provides Customized Solutions for Agri-Processing
Founded in 2020, Agrizy provides customized solutions for the processed agrifood value chain. Its B2B platform enables agrifood processors to procure pre-processed and semi-processed agrifood products. The platform offers end-to-end fulfillment services, including quality assurance, logistics, and payment solutions.
Agrizy’s value-added processing services supply custom-processed agro-food products to large agrifood processors and brands. This increases capacity utilization and profitability for small and medium-sized processors. Moreover, Agrizy’s fintech services offer working capital for processors from formal lenders at competitive rates.
Agrizy identifies a $400 billion opportunity in India’s agri-processing market, which is growing at 9 percent annually. Currently, only a tenth of the agri-produce in India gets processed. With over 20 lakh business units in food processing close to producing regions, Agrizy sees an opportunity to connect these units with brands nationwide through a fully managed B2B marketplace.
Strategic Partnerships
Capria’s managing partner, Surya Mantha, expressed confidence in Agrizy’s technology-enabled solution, enhanced by IoT-based sensors and Generative AI. He believes this will make Agrizy a trusted partner for both domestic companies and international importers.
Agrizy’s co-founder and CEO, Vicky Dodani, emphasized that the company will help FPOs and MSME processors comply with global quality standards while providing working capital from formal financial institutions.
Agrizy competes with companies like Copia, AgroFresh, and Hazel Technologies, aiming to innovate within the agrifood processing sector.
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