Image credit: Shutterstock
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.”
