Agritech startup MeraTractor raises Rs 5 Cr in Pre-Series A round led by Vibhor Sahare
- ByStartupStory | January 17, 2023
Meratractor, an agritech startup, has raised Rs 5 crore in a pre-Series A round led by Vibhor Sahare, CEO & Co-founder of ANS Commerce and Ex-CEO & Co-Founder of Gaadi.com, Real Time Angel Fund, and Digital Futuristic Angels Network, bringing total capital raised to Rs 7.25 crore.
The funds, according to MeraTractor, will be used to expand the dealership network presence and improve technology to organise supply channels.
Its dealership network is based in rural areas, which are slated to become its entry point into the entire rural business opportunities related to the farm sector.
MeraTractor founded by Sajith Abraham and Monak Goyal in 2018. MeraTractor in a marketplace for farm mechanisation products, is attempting to build an entire ecosystem in order to become a one-stop shop for all stakeholders involved in the farm mechanisation sector. Despite its lack of assets, the company retains complete control of the transaction and creates a sustainable business proposition for farmers, dealers, financiers, and new tractor OEMs.
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