Agrifood fintech Ayekart raised $6.5 M Series A funding from Omnivore, others
The Series A round led by Omnivore, Siana Capital, and Unleash Capital has raised $6.5 million, or roughly Rs 53 crore, for the agrifood fintech platform Ayekart.
The money raised will be utilized to grow the business’s national reach and serve more food producers, distributors, retailers, and FPOs (Farmer Producer Organizations).
Debarshi Dutta, Ashutosh Singh, and Milind Borgikar founded Ayekart in December 2020. It offers supply chain and fintech solutions to conventional businesses in the agrifood value chain, increasing productivity and convenience while maintaining ecosystem trust.
With over 9,000 active merchants on its platform, the startup claims to operate in 18 states and to have successfully facilitated over 2.5 lakh transactions with a cumulative GTV (Gross Traded Value) of over Rs 21 billion.
The platform “Empowering the Traditional Business” and contributing to the ecosystem’s transparency and credibility is in line with the government’s goals of bringing about the desired change in the SME, MSME, and retail segment.
