ReshaMandi raises $1.7 million in Seed funding round

Bengaluru: ReshaMandi, an agricultural-technology startup focused on the silk segment, has raised $1.7 million (around Rs 12 crore) in a seed funding exercise.

The round in Bengaluru-based ReshaMandi has been led by Omnivore and Strive Ventures. Other participants include Axilor Ventures and Supply Chain Labs (Lumis).

ReshaMandi, operated by Shapos Services Pvt Ltd, began around a year ago. It was set up by Mayank Tiwari, Saurabh Agarwal, and Utkarsh Apoorva.

The company says its platform is focused on digitizing India’s silk supply chain.

It will use the capital raised in this round to strengthen its digital platform while expanding its presence beyond Karnataka to other silk hubs including Maharashtra and Tamil Nadu.