Asia Impact SA Leads Series B Investment Round of B2B Startup AGRIM

AGRIM, a business-to-business (B2B) agritech startup based in Gurugram, has successfully raised $17.3 million (approximately ₹145 crore) in its Series B funding round, led by the investment advisory firm Asia Impact SA. This funding round also saw contributions from existing investors, including Kalaari Capital, Omnivore, India Quotient, and Accion Venture Lab.

The startup plans to utilize the newly acquired funds to bolster its technological infrastructure, enhance its offerings, and scale up operations. In a joint statement, founders Mukul Garg and Avi Jain expressed their ambition to make AGRIM the preferred platform for agri-input retailers in India. They stated, “With the current funds, we will continue to invest in our technology and people to deliver transformative digital solutions for the agri-inputs supply chain in India.”

Founded in 2020, AGRIM serves as a B2B marketplace that connects farmers and agri-input retailers directly with manufacturers for procuring seeds and pesticides. This funding comes at a time when the agritech sector is witnessing heightened interest from investors. For instance, earlier this month, Agrizy raised $9.8 million (around ₹82 crore) in a Series A funding round co-led by Accion and Omnivore. Additionally, Poshn raised $4 million (approximately ₹33.3 crore) in equity, alongside $2 million in debt during a pre-Series A funding round co-led by Prime Venture Partners and Zephyr Peacock India in May.

As competition intensifies among agritech startups, the sector is projected to evolve into a $25 billion market opportunity by 2025, indicating a promising landscape for companies like AGRIM as they vie for a larger share of this burgeoning market.