With only 4 founders, the startup received $4.5 million in Series A funding!

On October 19, consulting-led e-commerce platform Bharatagi announced that it has raised Rs 3.5 billion (approximately $4.3 million) in Series A funding led by Arkam Ventures.

According to a press release, investors such as Capria Ventures, India Quitient, 021 Capital and Omnivore also participated in the round.

The funds will be used to expand Bharatagi's e-commerce platform business and strengthen its last-mile logistics services. In addition, Rahul Chandra of Arkam Ventures will join the Bharatagi board of directors.

Bharatagi was founded by IIT Madras alumni, Siddharth Dialani and Sai Gole. The company has built predictive algorithms to provide customized consulting for crops, regions and climate change .

Local farmers can apply for this customized consultation to help them increase farm yields and reduce input costs and labor input. In addition, its e-commerce platform also provides more than 10,000 agricultural products such as fertilizers, seeds, pesticides, insecticides and agricultural equipment.

Besides Bharatagi, Arkam Ventures is also an investor in Jai Kisan, one of India’s fastest growing fintech platforms for farmers and retailers, and JumboTail, India’s leading B2B grocery retail platform.

It is reported that Siddharth Dialani, co-founder of Bharatagi , first announced Arkam’s latest round of financing. He said: “In the next three years, more than 50 million farmers will use the Internet for the first time. We hope that Bharatagi will be their bridge to the digital era of agriculture. With this investment, Bharatagi aims to further strengthen its rural supply chain, expand its user base, and strive to become India’s largest e-commerce platform for farmers.”

According to industry insiders, by seamlessly integrating consulting and e-commerce businesses, Bharatagi has successfully helped many farmers increase production by 30%, reduce costs by 10%, and increase income by 100%.

Over the next 12 months, Bharatagi aims to consolidate its existing distribution network and strengthen last-mile delivery. The company is looking to open multiple warehouses in different geographies on the back of growing demand.

Financing

E-commerce platform