Agri finance startup ONO raises $1.2 M Pre-series A funding from Aeravti Ventures
Aeravti Ventures led a $1.2 million pre-Series A funding round for the agri-finance startup ONO. Tremis Capital and Angels also participated in the round.
After spearheading the startup’s seed round, this is Aeravti Ventures’ second investment.
Its technology platform, market expansion, and lending infrastructure will all be strengthened with the help of the new funding.
ONO, which was founded by Rama Rao Kancharapu and David Pokuri, is a data and AI-driven platform that focuses on lending for Agri-SMEs and post-harvest agriculture supply chains.
The startup provides pricing data, market intelligence, logistics support, and formal credit to farmers, traders, transporters, and buyers.
Currently, ONO serves over 1.3 lakh members of the agriculture ecosystem in 12 states and more than 125 districts. With more than 2,000 paid users, the platform has enabled payouts totaling more than Rs 200 crore.
According to the company, it has made it possible for more than 25,000 metric tons of produce to be transported via long-distance agricultural trade routes.
As part of its expansion plans, the startup has acquired a significant stake in an NBFC to strengthen its lending operations and improve credit access for Agri-SMEs.
