Tech Company Financing Transactions
Vegrow Funding Round
Ankur Capital, Better Capital and Elevation Capital participated in a $40 million Series C capital raise for Vegrow. The financing round was recorded on 9/26/2023.
Transaction Overview
Company Name
Announced On
9/26/2023
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series C
Proceeds Purpose
The company will use the funds to invest in the Indian startup Vegrow, which runs a business-to-business marketplace for fruits, two sources familiar with the matter said.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
15th cross 14th Main road 4th Sector HSR Layout 13
Bengaluru Karnataka, 560102
India
Bengaluru Karnataka, 560102
India
Phone
Undisclosed
Website
Email Address
Overview
Vegrow is in the business of fresh fruits & vegetables with an addressable market size of $43 Billion. Vegrow is a tech platform partnering with farmers, aggregating supply and selling to organized demand through partnership. Vegrow simplifies farming and increases the land utilization for farmers. We are on a mission to build the world's biggest asset-light farmer.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Mrudhukar Batchu
Co-Founder
Shobhit Jain
Co-Founder
Praneeth Kumar
Co-Founder
Kiran Naik
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Prev: 9/26/2023: Acesion Pharma venture capital transaction
Next: 9/26/2023: PartyKit venture capital transaction
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