Vegrow, a business-to-business agritech platform for fruits and vegetables, has raised $13 million in a series A investment round co-led by Lightspeed Venture Partners and Elevation Capital. The round also saw participation from existing investors Matrix Partners India, Ankur Capital, Better Capital and Titan Capital. Established in 2020, Vegrow has scaled rapidly among both farmers and B2B customers, resulting in nearly 20x top-line growth with a presence in over 30 cities. At the heart of this growth is their unique technology platform, which powers everything from farm discovery, produce quality profiling, market intelligence to smart matchmaking between farm-level inventory and customer requirements. The impact of this platform is clear in deep customer love and positive unit economics early on in the company’s journey.
Agritech startup Vegrow raises $13m co-led by Lightspeed, Elevation Capital
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Vegrow raises USD 13 mn from Lightspeed Venture, Elevation Capital, others
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Seafood marketplace Captain Fresh raises $12 million from Accel, others
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Last Updated: Jul 19, 2021, 05:32 AM IST
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Synopsis
Captain Fresh will use the funding to beef up its supply-side tech, expand distribution globally and grow its team, founder Utham Gowda says.
ETtech
(Illustration: Rahul Awasthi/ETtech)
Mumbai:Captain Fresh, a tech-enabled business-to-business seafood marketplace, has raised $12 million in a Series A funding round led by venture capital firm Accel.
The company will use the money to beef up its supply-side tech, expand distribution globally and grow its team, said its founder Utham Gowda.
The funding round saw participation from its existing investors Matrix Partners India, Ankur Capital and Incubate Fund, and angel investors, including Jitendra Gupta (Jupiter), Asish Mohapatra and Ruchi Kalra (OfBusiness) Souvik Sengupta (Infra.Market), Rajesh Yabaji(BlackBuck), Revant Bhate (Mosaic Wellness), Ramakanth Sharma (Livspace), and Amrish Rau (P