Bijak to raise $35M in Bertelsmann India led round
Agritech startup Bijak is, reportedly, in ‘advanced talks’ and set to raise $35 million in a round led by Bertelsmann India at a valuation between $200 and $250 million.
Bijak had raised $12 million last April in Series A funding led by RTP Global at a valuation of $85 to $90 million. The startup also counts Omidyar Network, Omnivore Partners, Better Capital, and Sequoia Capital as its investors.
The B2B marketplace for agricultural produce was founded by Nukul Upadhye, Mahesh Jakhotia, Jitender Bedwal, Daya Rai and Nikhil Tripathi in 2019. It aims to enable traders, food processors, and wholesalers maintain a ledger of transactions, avail transparent pricing, and improve their working capital cycles.
As per a statement last month, Bijak claims to have grown fivefold during the COVID-19 pandemic. Its Gross Merchandise Value (GMV) has also risen multi-fold.
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