Agri10x raises seed funding
Pune: Agri10x, an agricultural-technology firm that operates a blockchain-based marketplace connecting farmers and buyers, has raised an undisclosed amount in seed funding.
Pune-based Agri10x, operated by Icognitive Global Pvt Ltd, has raised this capital from agriculture- and food systems-focused Omnivore. The venture firm has funded several agri-tech firms in the past, including Animall, Arya, and DeHaat.
Agri10x was set up in 2018 by Pankajj Ghode, Sundeep Bose, and Abhijith Naraparaju. The company, which maintains a presence in Maharashtra, Bihar, Uttar Pradesh, and Gujarat, says its platform allows transactions to be traceable, transparent, and tamper-proof.
Other affiliated services it offers include quality assessment, warehousing, and cold storage, and logistics. It will use the capital it has raised for expanding its presence across eight more states, onboarding one million farmers to its platform, and providing financial services to growers through partnerships with non-banking financial companies (NBFCs).
