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Sunday / December 8. 2024
HomeAgrotechOtipy raises Rs 235 Cr in Series B funding

Otipy raises Rs 235 Cr in Series B funding

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The fund will be used to strengthen supply chain, invest in cutting-edge tech, add product categories

Agri-tech startup, Otipy (operated by Crofarm Agriproducts), India’s first community group buying platform for fresh produce, raised Rs 235 crores ($32 million) in its Series B round led by Westbridge Capital. Existing investors SIG and Omidyar Network India also participated in the round. These fresh funds have come in six months for Otipy, after its series A funding of Rs 76 crores ($10.2 million).

Varun Khurana, Founder & CEO, Otipy said, “The series B round of funding will support us as we expand to new pin codes, strengthen our supply chain, invest in cutting-edge tech, add product categories and accelerate our mission of making fresh, nutritious food accessible to all.”

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