Agrim has raised $17.3 million in a Series B funding round led by Asia Impact Fund, aiming to enhance its technology and solidify its leading position in India's Agri-inputs sector.
Target Company Overview
Agrim, founded in 2020 by Mukul Garg and Avi Jain, is a leading platform in India's agricultural inputs sector. Having successfully raised $17.3 million in a Series B funding round, Agrim has witnessed significant growth since its Series A investment in 2022. The company offers a comprehensive portfolio of over 30,000 SKUs, including seeds, crop protection products, agro-tools, and fertilizers, thereby establishing a strong product-market fit. Agrim serves more than 15 million farmers across India, reinforcing its position as one of the fastest-growing platforms in the Agri-inputs industry.
The company operates a retailer-focused app that aids over 25,000 retailers in accessing affordable Agri-inputs across more than 2,000 cities in 27 states. Agrim has notably introduced a credit line for select retailers and formed partnerships with 1,200 manufacturers to enhance its product offerings, which now include over 6,000 additional products.
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Industry Overview in India
The agricultural inputs sector in India is valued at approximately $50 billion and is characterized by diversity and fragmentation. The market comprises various categories such as seeds, fertilizers, and
Similar Deals
Asia Impact Fund
invested in
Agrim
in 2023
in a Series B deal
Disclosed details
Transaction Size: $17M