Ayekart, a promising fintech startup specializing in the agricultural food segment, has successfully secured $6.5 million in a Series A funding round. The investment was led by prominent investors including Omnivore, Siana Capital, and Unleash Capital Partners. This significant funding injection is earmarked to bolster Ayekart’s technological infrastructure and facilitate an expansion of its operations, aimed at catering to a broader spectrum of farmer-producer organizations (FPOs), food manufacturers, distributors, and retailers.
Established in 2020, Ayekart has swiftly emerged as a key player in the agri-food industry by offering innovative fintech and supply chain solutions spanning the entire agricultural food value chain. With a total funding amounting to $6.29 million across five rounds, Ayekart has been steadily gaining traction in the market.
Reflecting on this milestone fundraising, Debarshi Dutta, Co-founder and CEO of Ayekart, emphasized the startup’s acute understanding of the challenges faced by agri-food micro, small, and medium-sized enterprises (MSMEs). Dutta stated, “We comprehend the critical pain points experienced by agri-food MSMEs—the necessity for robust market linkages, access to finance, and an efficient technology ecosystem to propel their businesses forward. In response to these challenges, we have developed cutting-edge fintech solutions tailored to empower FPOs and agri-food MSMEs.”
With a dedicated team of over 150 professionals spread across six strategic locations in India, Ayekart boasts a robust foundation for its operations. The startup’s founding team comprises Debarshi Dutta, Ashutosh Singh, Milind Borgikar, Kunjal Thackar, and Anand Mugad, each bringing a wealth of expertise to the table.
Jinesh Shah, Managing Partner at Omnivore, expressed his enthusiasm for Ayekart’s mission, stating, “Ayekart’s steadfast commitment to empowering agri-food MSMEs through its innovative technological solutions aligns closely with our investment philosophy. We are confident in Ayekart’s potential to drive transformative change within the agricultural sector.”
With the fresh influx of capital, Ayekart is poised to scale new heights in its mission to revolutionize the agri-food landscape. The startup’s strategic focus on leveraging technology to address the unique needs of agri-food MSMEs is expected to yield substantial dividends, propelling both the company and its stakeholders towards sustainable growth and prosperity.
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