Gramophone will use the proceeds towards geographic expansion, marketing, technology development and M&A
Gramophone – a full-stack agri-tech platform has raised $10 million round led by Z3Partners, a market-leading early growth investor that brings decades of experience in investing in leading technology and digital businesses like DealShare, Cyfirma, and prior Fund investments like Ofbusiness, BigBasket, Pepperfry and MedGenome, etc. Gramophone will use the proceeds towards geographic expansion, marketing, technology development and M&A.
Existing investor, Info Edge, has doubled down in this round along with participation from other existing investors, Asha Impact, and Siana Capital. Other new investors in the round include Amit Sharma from erstwhile Sunrise Group, Sumeet Kanwar from Verity, and Chona Family Office (Havmor Group). These family offices bring vast experience in building agri and food businesses.
Gramophone is a market-leading agri-tech company that provides agronomy services, input and output products in Madhya Pradesh, Chattishgarh, Maharashtra, and Rajasthan by way of an eCommerce marketplace.
Tauseef Khan, Co-founder & CEO, Gramophone said, “ With this investment, we will double down on investing in technologies that lower costs, improve transparency and empower the local community of agri entrepreneurs with more earning opportunities in rural areas. We are excited to welcome Z3Partners and other new investors in this journey and deepen our partnership with Info Edge, Asha Impact and Siana Capital.”
