Ayekart, a pioneering agrifood fintech platform, has announced the successful closure of its Series A funding round, raising an impressive $6.5 million. The funding round was led by prominent investors Omnivore, Siana Capital, and Unleash Capital, signaling a strong vote of confidence in Ayekart’s mission to redefine the way traditional businesses operate within the agrifood value chain.
Since its inception in December 2020, Ayekart has been on a mission to revolutionize the agrifood sector by leveraging innovative fintech and supply chain solutions. Co-founded by industry veterans Debarshi Dutta, Ashutosh Singh, and Milind Borgikar, the company has quickly established itself as a trusted partner for stakeholders across the agrifood ecosystem.
The Series A funding will provide Ayekart with the necessary resources to expand its operations nationwide and cater to a broader audience, including Farmer Producer Organizations (FPOs), food manufacturers, distributors, and retailers. With a focus on driving efficiency, transparency, and trust within the ecosystem, Ayekart aims to unlock new opportunities for businesses and create a more sustainable and resilient agrifood sector.
Commenting on the funding round, Debarshi Dutta, Co-founder and CEO of Ayekart, expressed his gratitude to the investors for their support and reaffirmed the company’s commitment to driving positive change within the industry. He stated, “This funding round is a testament to the hard work and dedication of our team, as well as the immense potential of Ayekart’s fintech solutions. With the backing of our investors, we are well-positioned to accelerate our growth trajectory and make a lasting impact on the agrifood sector.”
Ayekart’s impressive track record further underscores its position as a leader in the agrifood fintech space. Operating in 18 states across India, the platform boasts over 9,000 active merchants and has facilitated more than 2.5 lakh transactions with a lifetime Gross Traded Value (GTV) exceeding Rs 21 billion. By empowering SMEs, MSMEs, and retailers, Ayekart is driving inclusive growth and fostering a more equitable distribution of resources within the agrifood value chain.
The Series A funding round comes at a time of rapid growth and expansion for Ayekart, as the company seeks to capitalize on emerging opportunities in the agrifood market. With the support of its investors, Ayekart is poised to scale its operations, strengthen its partnerships, and enhance its suite of fintech solutions to meet the evolving needs of its customers.
As Ayekart continues on its journey to transform the agrifood industry, its commitment to excellence, innovation, and customer satisfaction remains unwavering. With a clear vision and a dedicated team, Ayekart is poised to shape the future of agrifood fintech and drive sustainable growth across the sector.
