The spherical was led by Bajaj Finserv Group, with participation from Mistry Ventures in addition to Desai Meals, Dhanuka Agritech and Motion Tessa household workplace
The startup plans to utilise the contemporary funds to bolster its tech stack and provide chain, scale each on-line and offline presence, and deepen its farmer community
KisanKonnect claims to promote contemporary vegatables and fruits through its app and web site in beneath 60-minutes throughout Mumbai and Pune. It additionally operates offline shops
Omnichannel farm-to-fork startup Kisankonnect
has raised INR 72 Cr ($8 Mn) in its Pre-Collection A funding spherical led by Bajaj Finserv Group.
The spherical additionally noticed participation from current backer Mistry Ventures in addition to Desai Meals, Dhanuka Agritech and Motion Tessa household workplace.
In an announcement, KisanKonnect cofounder Vivek Nirmal mentioned that the startup plans to utilise the contemporary funds to bolster its tech stack and provide chain, scale each on-line and offline presence, and deepen its farmer community.
Based in 2020 by Nirmal and Nidhi Nirmal, KisanKonnect claims to promote contemporary vegatables and fruits through its app and web site in beneath 60-minutes throughout Mumbai and Pune. It additionally operates shops that promote contemporary produce offline.
It claims to supply perishables instantly from its community of 5,000 farmers by way of its village-level assortment centres. KisanKonnect claims to leverage AI, Web of Issues (IoT) and radio frequency identification (RFID) instruments to streamline traceability and demand forecasting for its 650+ SKUs.
That mentioned, that is the farm-to-fork startup’s second fundraise this 12 months. In January this 12 months, the firm bagged $4.5 Mn in its Collection A spherical led by Mistry Ventures. It additionally raised $3.7 Mn in its Pre-Collection A spherical in 2024 from Inexperienced Frontier Capital, Dhanuka Agritech and others.
KisanKonect operates within the broader Indian vegatables and fruits market, which is reportedly price over INR 7.5 Lakh Cr. Nonetheless, the house is marred by challenges corresponding to wastage, lack of organised gamers and shaky provide chain administration.
Nonetheless, a brand new band of gamers like Recent From Farm, Handpickd, MyMandi and KisanKonnect itself are working to resolve this downside by leveraging tech to resolve procurement, grading, sorting, and supply. Not simply this, the rise of fast commerce has additionally seen giants like Blinkit, Swiggy Instamart and Zepto ship contemporary vegatables and fruits on to clients inside 10 minutes.
Because of this, the house continues to see wholesome curiosity from enterprise capital (VC) and personal fairness (PE) corporations. Earlier within the day, rival contemporary commerce startup Handpickd (erstwhile Sorted) bagged $15 Mn in its Collection A funding spherical led by Bertelsmann India Investments.
In March, D2C vegatables and fruits supply startup Pluckk additionally bagged $10 Mn in its Collection A spherical from Euro Gulf Funding.
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