Funding Alert

Ayekart Raises $6.5 Million in Series A Funding to Expand Agrifood Fintech Platform Nationwide

• ByStartupStory     |    February 16, 2024

Ayekart, an agrifood fintech platform, has successfully raised $6.5 million (approximately Rs 53 crore) in its Series A funding round. The funding was led by Omnivore, Siana Capital, and Unleash Capital. The capital infusion will be utilized to expand Ayekart’s operations nationwide and cater to a larger audience comprising of Farmer Producer Organizations (FPOs), food manufacturers, distributors, and retailers.

Founded in December 2020 by Debarshi Dutta, Ashutosh Singh, and Milind Borgikar, Ayekart offers fintech and supply chain solutions for traditional businesses in the agrifood value chain. The platform aims to enhance efficiency and convenience while maintaining trust within the ecosystem.

Ayekart boasts an extensive reach, operating in 18 states across India. The platform currently serves over 9,000 active merchants and has facilitated more than 2.5 lakh transactions, amounting to over Rs 21 billion in Gross Traded Value (GTV) since its inception.

Ayekart’s vision aligns with the government’s initiatives to revolutionize the SME, MSME, and retail sectors by empowering traditional businesses. The platform aims to bring transparency and credibility to the entire agrifood ecosystem.

This funding round marks a significant milestone for Ayekart, positioning the platform for further growth and innovation in the agrifood fintech space.

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