Agritech startup ONO raised Rs 11 Cr Seed funding from Aeravti Ventures, others
ONO, an agritech startup, has raised Rs 11 crore in its seed round, which was led by Aeravti Ventures and included Indigram Labs.
The money raised will be put toward strengthening the agricultural supply chain and providing farmers and other ecosystem participants in India’s APMC/MANDI network with inclusive economic growth opportunities.
ONO is a platform for farmers to discover crop prices and mandis, founded by Rama Rao Kancharapu. The company claims that the agri ecosystem as a whole benefits from its multifaceted agritech platform, which fosters trust and transparency.
The startup assists with market research, pricing intelligence, formal credit access, and operational inefficiencies.
ONO says it has come a long way since it started, operating in 45 APMCs/MANDIs across six states, onboarding over 30,000 partners, and completing transactions involving seven commodities.
Aeravti Ventures, an early-stage venture capital firm, announced in May of last year the first close of its first fund, valued at Rs 100 crore. The fund made an investment in FreightFox, an intelligent supply chain platform, shortly after its launch.
