AGRIM, the on-demand B2B agri-inputs platform, has successfully raised $17.3 million (Rs 145 crore) in its Series B funding round. The investment, led by Asia Impact, will support AGRIM’s efforts to expand its operations across India and bolster its technological capabilities. The funding round also included participation from existing investors, with Unitus Capital serving as the exclusive financial advisor.
“Our goal is to make AGRIM the go-to platform for agri-input retailers. With the current funds, we will continue to invest in our technology and people to deliver transformative digital solutions for the agri-inputs supply chain in India,” said Mukul Garg and Avi Jain, Founders of AGRIM.
Since its inception in 2020, AGRIM has raised a total of $27.3 million, with its Series A round in 2022 securing $10 million led by Kalaari Capital and other existing investors. The company currently offers over 30,000 SKUs from 1,200 manufacturers to 25,000 retailers, who in turn support and educate 15 million farmers across the country.
“AGRIM’s impressive growth trajectory and commitment to innovation in the agri-inputs sector align perfectly with our vision to support scalable solutions that enhance efficiency and accessibility in critical industries. This investment marks a pivotal moment in AGRIM’s journey towards transforming the agricultural supply chain in India, and we are thrilled to be part of their story as they expand their reach and deepen their market impact,” said Christian Banno of Asia Impact.
AGRIM reported a revenue increase to Rs 159 crore for FY22-23, up from Rs 65.1 crore in FY21-22, according to Tracxn.
