BharatAgri bags ₹ 14 crore, aims to focus on scaling ecommerce

Agritech startup ‘BharatAgri’ raised ₹ 14 crore in a Series A of funding round which was led by Capria Ventures. This round was an extended round of the previously held series. It received funding from India Quotient (investment fund) and from Omnivore, a VC firm focused on backing agritech and the food sector.

BharatAgri was founded in 2017 by alumni of IIT Madras, Sai Gole, COO and Siddharth Dialani, CEO and is located in Pune, Maharashtra. The company provides an app to farmers for AI-based agronomy services in order to regulate and increase their income via the systematic implementation of farming techniques scientifically.

Series A round of funding saw participation from Omnivore, India Quotient, 021 Capital, Ratnagiri Impex, and Former CEO of ITC’s agri-business Sanjiv Rangrass. BharatAgri aims to utilize the funding for growth and expansion, and accelerate the growth of its input marketplace while refining the existing technology. The funding will also look into scaling their ecommerce platform called ‘Krushi Dukan’ which will help farmers to shop for fertilizers, seeds, pesticides, and equipment.

“Even three years ago, it was unimaginable that rural Indians would be paying monthly subscription fees to Netflix and YouTube, which is normal today. BharatAgri has demonstrated that the same is possible with farmers, who see so much value in our advisory platform that they willingly pay subscription fees. In the next few months, we will be expanding our platform to provide other agricultural services, starting with direct-to-farmer agri input supply” said Siddharth Dialani, Co-Founder and CEO of BharatAgri.

So far BharatAgri claims to have successfully delivered value to more than 1 lakh farmers. The startup also became a part of the fourth batch of Google for the Startup Accelerator Indian Programme in 2020.