Agrizy raises $9.8 million in Series A funding to expand its agri-processing platform, poised to capture a $400 billion market servicing 2.5 million MSMEs.

Information on the Target

Agrizy is India's premier B2B agri-processing platform, established in 2021 by co-founders Vicky Dodani and Saket Chirania. With backgrounds in high-profile Indian startups such as Blackbuck, Bizongo, and Zoomcar, the founders have harnessed their expertise to create a platform that enhances supply-demand linkages in agri-processing supply chains. Agrizy specializes in facilitating services for both supply and demand players by employing technology-driven solutions that streamline discovery, ordering, fulfillment, and credit facilitation. To date, the platform has catered to over 100 institutional clients across both domestic and international markets, processing more than 100,000 metric tons of agri-food products.

Since receiving an initial investment from Ankur Capital in March 2022, Agrizy has experienced remarkable growth, with monthly revenues increasing eightfold. This impressive performance is complemented by notable improvements in margins and capital efficiency, as evidenced by the expansion of its processing partners' production capacities in response to heightened demand fueled by Agrizy's services.

Industry Overview in India

The agribusiness sector in India presents a significant opportunity, comprising a vast $400 billion agri-processing market. This sector includes approximately 2.5 million micro, small, and medium enterprises (MSMEs) that contrib