Agri-supply chain startup Bull Agritech raised $100K from Shashin Patel, others
Bull Agritech, a startup specializing in agri-supply chains, has secured $100,000 in a fresh funding round led by Shashin Patel, MD of SCC Infrastructure, and founders Akassh Patel and Nilesh Bhalala of BuilditIndia.
In the last four months, the startup has completed a pre-seed round that has raised a total of Rs 1.5 crore.
Bull Agritech, an agri-supply chain startup founded by Hit Desai, is dedicated to building a commodity supply chain through technology and its network of farmers and commodity processors.
Bull Agritech claims that the money will be utilized to diversify commodity portfolios, double the number of collection centers, and open up new regions. Additionally, talent will be onboarded to promote innovation and operational efficiency.
In the past 24 months, the startup says it has facilitated trades worth Rs 35 crore, with over 6,000 farmers opting to sell their crops through Bull rather than local APMCs. It achieved 200% year-over-year growth and pledges to maintain 25% month-over-month growth.
