Gurugram-based agritech startup Bijak recently announced that it has raised $12mn in series A funding round. The funding round saw participation from over half a dozen investors including existing investors Sequoia-owned Surge Ventures and Omidyar Network.
Earlier in October, the startup had raised $2.5mn in seed funding. Bijak was also among the 20 startups picked up by Sequoia Capital in the second cohort of its accelerator program “Surge 2.0.”
As per the company filings, Bijak has approved the allotment of 2591 Series A CCPS at an issue price of Rs 3,50,324 each to raise Rs 90.76 crore from the investors.
Founded in 2019 by Nukul Upadhye, Mahesh Jakhotia, Jitender Bedwal, Daya Rai and Nikhil Tripathi, Bijak currently has its presence in over 22 states in India. Bijak covers 550 regions across the country and deals in more than 80 commodities.
A B2B trade platform for the agricultural sector, Bijak enables traders, wholesalers and food processors to keep a ledger of their transactions, access transparent pricing, optimize logistics and improve their working capital cycles.
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