What is AGRIM?
Founded in 2020 and headquartered in Gurgaon, Haryana, Agrim operates as a digital marketplace designed to bridge the gap between rural retailers and manufacturers. By facilitating direct connections, Agrim aims to streamline the procurement process, enhance product accessibility, and improve the overall efficiency of the agricultural value chain. The company's innovative approach addresses critical challenges faced by rural businesses, offering them access to a wider range of products and competitive pricing, thereby fostering economic development in underserved regions.
How much funding has AGRIM raised?
AGRIM has raised a total of $29.3M across 3 funding rounds:
Angel/Seed
$2M
Corporate Investment
$10M
Series B
$17.3M
Angel/Seed (2021): $2M with participation from India Quotient, Omnivore, and Accion Venture Lab
Corporate Investment (2022): $10M led by Kalaari Capital and Omnivore Technologies
Series B (2024): $17.3M supported by Asia Impact
Key Investors in AGRIM
Asia Impact
Asia Impact S.A. is dedicated to promoting impact investing in India and Southeast Asia, focusing on research, investments, and governance to support portfolio companies. The firm aims to be the partner of choice for clients interested in making a positive impact through their investments.
Kalaari Capital
Kalaari Capital is a venture capital firm focused on investing in early-stage technology companies in India, providing capital and strategic guidance to startups across various sectors.
Omnivore Technologies
Omnivore is a technology company that connects restaurants' Point of Sale (POS) systems with technologies that improve efficiency and increase profitability, successfully closing a $13 million Series A with investments from major food and beverage companies.
What's next for AGRIM?
With its latest Series B financing, Agrim is poised for accelerated expansion and further enhancement of its digital platform. The substantial backing from strategic investors signals strong market confidence in Agrim's business model and its potential to scale. Future initiatives are likely to focus on broadening its network of retailers and manufacturers, investing in technology to optimize logistics and inventory management, and potentially exploring new product categories or service offerings. This strategic capital infusion will be instrumental in solidifying Agrim's market leadership and driving its mission to digitally empower rural commerce across India.
See full AGRIM company page
