Agrizy, an Indian B2B agri-processing platform, has successfully raised $9.8 million (INR 82 crore) in its Series A funding round. The round was spearheaded by Accion and Omnivore, with additional contributions from Capria Ventures, Thai Wah Ventures, and existing investor Ankur Capital.
- Vision for Change: Co-founder and CEO Vicky Dodani aims to elevate India’s food processing sector by integrating technology to improve accountability and help FPOs and MSME processors meet global standards while accessing working capital.
- Strategic Goals: Agrizy plans to offer new advisory services and expand its geographic footprint, leveraging technology like IoT sensors and generative AI to refine its operational efficiency and supply chain dynamics.
- Investor Support: Investors like Surya Mantha from Capria Ventures and John Fischer from Accion are excited about Agrizy’s potential to boost production efficiency and financial access for small processors and rural communities.
- Expansion Plans: The funding will fuel Agrizy’s expansion into new product lines and markets, enhance its online marketplace, and bolster advisory and financial services for both processors and Farmer Producer Organisations (FPOs).
This Series A round marks a significant leap in Agrizy’s mission to transform agri-processing.