Agritech startup BharatAgri has announced that it has secured $6.5 million in Omnivore and India Quotient led Series A funding round. The funding round also saw participation from 021 Capital.
Speaking on the announcement, Siddharth Dialani, Co-Founder and CEO, BharatAgri, commented, “Even three years ago, it was unimaginable that rural Indians would be paying monthly subscription fees to Netflix and YouTube, which is normal today. BharatAgri has demonstrated that the same is possible with farmers, who see so much value in our advisory platform that they willingly pay subscription fees. In the next few months, we will be expanding our platform to provide other agricultural services, starting with direct-to-farmer agri input supply.”
Mark Kahn, Managing Partner at Omnivore, commented, “BharatAgri is the only agritech startup in India to successfully monetise a purely digital product for farmers. Making agronomy services widely accessible at an affordable price can help make the dream of doubling farmer incomes a reality.”
“BharatAgri is building a trust based platform where farmers are engaging meaningfully with their services. We have observed in rural areas and specifically in agriculture that farmers like to fulfill all their needs from a single place, which is currently an inputs retailer. BharatAgri has the potential to replicate the same on a digital platform and tens of thousands of farmers have already adopted it,” said Madhukar Sinha, General Partner – India Quotient.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.