AGRIM, a Gurugram-based B2B platform specializing in agri-inputs, has successfully raised USD 17.3 million in its Series B funding round. Asia Impact led this funding round, with participation from existing investors including Kalaari, India Quotient, Omnivore, and Accion Venture Lab. This investment marks a significant milestone for AGRIM, following their previous USD 10 million Series A round led by Kalaari in February 2022.
AGRIM Series B funding
The newly raised capital will be used to enhance AGRIM’s technological infrastructure, expand its product offerings, and extend its operational reach across India. The company’s founders, Mukul Garg and Avi Jain, are committed to leveraging these funds to make AGRIM the leading platform for agri-input retailers. They aim to invest in technology and talent to provide transformative digital solutions for the agri-input supply chain in India.
Company Overview
Founded in April 2020 by Mukul Garg and Avi Jain, AGRIM connects agri-input retailers directly with manufacturers. The platform offers a comprehensive range of services including distribution, credit, logistics, and marketing. AGRIM currently features over 30,000 SKUs from 1,200 manufacturers, serving 25,000 retailers who support and educate 15 million farmers across India.
AGRIM operates across various agri-input categories such as seeds, fertilizers, crop protection, animal nutrition, and farm implements. The platform plays a crucial role in the agricultural supply chain, driving efficiency and innovation in the sector.
Investor’s Perspective
Christian Banno of Asia Impact highlighted AGRIM’s impressive growth and commitment to innovation in the agri-input sector. He expressed enthusiasm about supporting scalable solutions that enhance efficiency and accessibility in critical industries. The investment represents a key moment in AGRIM’s journey towards transforming the agricultural supply chain in India.
