Agritech

Hectar Global Secures $2.1M in Seed Funding

• ByStartupStory     |    July 12, 2023

Hectar Global, the leading B2B cross-border agri commodity procurement platform, is thrilled to announce the successful completion of a seed funding round, raising $2.1 million. Powerhouse Ventures spearheaded the investment, with notable participation from WEH Ventures, All In Capital, Indian Silicon Valley, and angel investors Anant Sarda and Adhish Ladha.

The infusion of capital marks a significant milestone for Hectar Global, as it reinforces the company’s commitment to expanding into new geographies while strengthening its digital infrastructure. Srinath Srinivasan, CEO of Hectar Global, emphasized that the funding round’s primary objective is to accelerate the firm’s growth and global reach.

Hectar Global, co-founded by Srinath Srinivasan, Sibhi Kumaran, and Aswath Balaji, operates from its headquarters in Singapore. The company provides an innovative, data-driven platform that enables global food buyers to conveniently procure container volumes of high-quality audited Agri commodities.

The successful completion of the seed funding round not only validates Hectar Global’s vision but also highlights the significant market potential for its unique B2B procurement platform.

“We are thrilled to have secured this round of funding, which will play a crucial role in propelling our expansion plans,” said Srinath Srinivasan. “With our data-driven approach and robust digital infrastructure, we are well-positioned to serve the growing demands of global food buyers.”

Hectar Global intends to utilize the funds raised to fuel its ambitious growth strategy, drive market penetration in new regions, and further enhance its technological capabilities.

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