BharatAgri, a farmer-focused e-commerce platform offering advisory services, has secured $4.3 million (INR 35 crore) in additional funding during its Series A extension. Leading this funding round is Arkam Ventures, with active participation from Capria Ventures and continued support from existing investors, including India Quotient, 021 Capital, and Omnivore.
In a press release, the company announced that the raised capital will be utilized to expand BharatAgri’s e-commerce platform into new regions and enhance its last-mile delivery capabilities.
After this investment, Rahul Chandra, Managing Director at Arkam Ventures, will assume a position on BharatAgri’s board. This funding round represents Arkam’s third venture into the agritech sector, having previously supported Jai Kisan and Jumbotail.
Established by Siddharth Dialani and Sai Gole, BharatAgri leverages intelligent agricultural guidance to assist farmers in selecting and procuring the most suitable input products tailored to their unique farming requirements. The company has developed predictive algorithms that offer customized advice based on crop types, geographical regions, and variations in climate.
Farmers can tap into this personalized guidance, which aims to enhance crop yields, reduce input expenses, and minimize labor-intensive efforts. The e-commerce platform boasts an extensive catalog of over 10,000 agricultural products, including fertilizers, seeds, pesticides, insecticides, and various farming equipment, among other offerings.
Through the fusion of advisory services and e-commerce, BharatAgri asserts that it can elevate farmers’ production by 30%, slash costs by 10%, and boost their earnings by 100%. Over the coming year, the company is focused on strengthening its distribution network, enhancing last-mile delivery capabilities, and optimizing turnaround time (TAT).
In February of this year, Capria Ventures took the lead in spearheading the initial portion of BharatAgri’s extended Series A funding round.
