Agrizy secures $5M debt funding for agrifood processing
- ByStartupStory | May 10, 2023
Agrizy, an agrifood processing firm, has raised $5 million in debt funding from SBI, Yes Bank, Vivriti Capital, and other financial institutions.
In a statement, Agrizy announced that the recently acquired $5 million debt funding from financial institutions, including SBI, Yes Bank, and Vivriti Capital, among others, will be utilized to enhance technological and processing capabilities, and to broaden its market reach to additional agrifood processing SMEs, as well as large agrifood buyers in both domestic and international markets.
Agrizy operates a B2B platform that allows small and medium-sized agrifood processors to purchase semi-processed and pre-processed agrifood products. The platform offers a range of end-to-end services such as quality assurance, logistics, and payment solutions, as well as working capital through lending.
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