India’s $400 billion agri-processing market, although rising 9 per cent yearly, faces a bottleneck as solely 10 per cent of farm produce will get processed at present. This pales compared to world leaders like China (40 per cent) and developed nations (about 70 per cent). India has greater than 2 million meals processing MSMEs, which function considerably beneath capability and battle to seek out B2B clients, particularly in export markets.
Agrizy helps to resolve these challenges, offering MSMEs with a completely managed B2B market for agrifood provide chains and processing. The platform connects each stakeholder within the agrifood processing ecosystem to optimally uncover and fulfill transactions. The startup works intently with agrifood processing MSMEs, providing them a set of digital companies to generate extra long-term revenues and enhance their working margins, whereas streamlining their procurement and gross sales cycles.
Agrizy was co-founded in 2021 by Vicky Dodani and Saket Chirania, who beforehand labored in senior roles with main Indian startups together with Blackbuck, Bizongo, and Zoomcar. With the brand new funding, Agrizy goals to develop into new product areas and geographies; launch contract manufacturing and value-added advisory companies; and provide monetary companies to MSME processors and farmer-producer organizations (FPOs).
Vicky Dodani, Co-founder and CEO at Agrizy, mentioned, “Agrizy goals to rework India into a world meals processing hub by serving to FPOs and MSME agri-processors entry export markets and adjust to world high quality requirements, whereas providing these underserved stakeholders working capital from formal monetary establishments. The present funding will empower Agrizy to actively drive these essential initiatives in each native and world markets.”
John Fischer, Chief Funding Officer at Accion, mentioned, “Agrizy is in search of to reshape conventional agri-processing by offering a sturdy market and assist to enhance manufacturing. The corporate goals to additionally handle the dearth of high quality financing for small processors and the Farmer Producer Organizations that offer them, serving to to extend incomes in rural communities. Via our partnership with Agrizy, we’ll leverage Accion’s world experience to assist the corporate develop, connecting many processors and smallholder farmers to accountable monetary companies and formal markets for the primary time.”
Mark Kahn, Managing Accomplice at Omnivore, acknowledged, “We’re happy with our partnership with Agrizy and their imaginative and prescient of upgrading the Indian agri-processing sector. The corporate’s foray into contract manufacturing is vital for streamlining intricate, export-oriented provide chains. By prioritizing innovation and sustainability, Agrizy is positioning India’s meals processing business to fulfill evolving world market wants.
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