TechnifyBiz, an online B2B platform to buy wholesale dry fruits, has raised $2 million in its seed round of funding from agritech-focused venture capital investor Omnivore and social venture capital fund Insitor Impact Asia Fund. The startup was founded by Akash Sharma and Abhishek Agarwal in 2017.
Earlier, it had raised angel funding from R Narayan of Power2SME, Rajnish Gupta of Aakash Namkeen and Indigram Labs.
The company will utilize these funds to increase its small and medium enterprises (SME) food processors and farmer groups across the country. The funds will also help it strengthen its supply clusters across Bihar, Maharashtra, Karnataka, Jammu, and Orissa.
In a statement, Akash Sharma, Co-Founder and CEO of TechnifyBiz, said, “There is massive unmet demand for high-quality food commodities in India, which TechnifyBiz is helping to bridge by developing backend supply infrastructure and technology-enabled services.”
The startup offers 10 commodities: makhana, cashews, almonds, raisins, walnut, quinoa, chia, pista, sunflower seed, and watermelon seeds.
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