Agritech start-up BharatAgri, an advisory-led e-commerce platform for farmers, on Thursday, said it has raised Rs 35 crore ($4.3 million) from investors including Arkam Ventures. The company raised Rs 35 crore in the Series A funding round.
Besides Arkam Ventures the funding round also saw participation from Capria Ventures and existing investors, India Quotient, 021 Capital, and Omnivore, BharatAgri said in a release. The funding marks Arkam Ventures' third investment in the agri-tech space.
"The funds will be used to scale BharatAgri's e-commerce platform into new geographies and strengthen its last-mile delivery," the statement said.
BharatAgri, founded by IIT Madras Alumni Siddharth Dialani and Sai Gole, has built prediction algorithms that provide advisory customised to crops, regions, and climatic changes.
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Farmers can access this custom advisory that would help them increase farm yield, and lower input costs and labour effort.
Its e-commerce platform offers over 10,000 agricultural products such as fertilisers, seeds, pesticides, insecticides, and farming equipment, among others, and is delivered pan-India, the statement said.
