SUMMARY
- AGRIM has raised $17.3 million in a Series B funding round led by Asia Impact, with additional support from existing investors and Unitus Capital.
- The funds will be used to enhance AGRIM’s technology and expand its operations nationwide.
- AGRIM, founded in 2020, provides 30,000 SKUs from 1,200 manufacturers to 25,000 retailers, serving 15 million farmers.
AGRIM, a B2B agri-inputs platform, has secured $17.3 million (INR 145 crore) in its Series B funding round, led by Asia Impact. The funding aims to enhance AGRIM’s technology infrastructure and expand its operations across India.
The round was also supported by existing investors and Unitus Capital, which acted as the exclusive financial advisor. AGRIM, established in 2020, was valued at $47.2 million as of December 4, 2023. The company had previously raised $65.9K in its Series A round earlier in 2023.
Founded by Mukul Garg and Avi Jain, AGRIM offers over 30,000 SKUs from 1,200 manufacturers to 25,000 retailers, who in turn support and educate 15 million farmers across India. The company’s goal is to become the leading platform for agri-input retailers in the country. The new funds will be invested in further developing AGRIM’s technology and expanding its team to drive innovation and efficiency in the agri-inputs supply chain.
