Agri-supply chain start-up Bull Agritech has successfully secured $1,00,000 funding from major infrastructure investors, including Akassh Patel and Nilesh Bhalala, founders of BuilditIndia, and Shashin Patel, Managing Director of SCC Infrastructure, among others. This latest funding round brings the total raised by the company to 1.5 crore over the past four months, as part of its pre-seed stage.
The funds will be instrumental in Bull Agritech’s expansion into new regions and the recruitment of top-tier talent. Hit Desai, founder of Bull Agritech, expressed his vision for the company’s growth, stating, “We will be deploying the funds to expand into new regions, double the number of collection centers and broaden commodity portfolio. We will build scalable internal technology for efficient data analysis and onboard top-tier talent to drive operational efficiency and innovation. The current non-perishable agri-trade system is inefficient and outdated, costing farmers valuable income. We believe social technology holds the key to unlocking a new era of market access, price discovery, and logistical efficiency, directly benefiting farmers.”
Akassh Patel, CEO of BuilditIndia, commended Bull Agritech’s innovative approach, stating, “Bull Agritech has distinguished itself with its forward-thinking approach and exceptional vision for transforming the agricultural supply chain. We are deeply impressed by the dedication and ambition demonstrated by the founders, whose innovative model for oil seeds has already garnered significant acclaim.”
With trades worth 35 crores facilitated in the last 24 months and over 6000 farmers choosing to sell their crops through Bull Agritech, the company has witnessed an impressive 200 per cent year-on-year growth. Furthermore, they are committed to sustaining a 25 per cent month-on-month growth rate.
