Ayekart, a pioneering agrifood fintech platform, has made waves in the industry by raising $6.5 million (₹53 crore) in a Series A funding round led by Omnivore, Siana Capital, and Unleash Capital. This substantial capital infusion signals a new chapter of growth and expansion for Ayekart, as it seeks to revolutionize the agrifood value chain and empower stakeholders across the ecosystem.
Driving Nationwide Expansion:
With the influx of capital, Ayekart is poised to scale its operations nationwide, catering to a diverse audience of Farmer Producer Organisations (FPOs), food manufacturers, distributors, and retailers. The company aims to leverage its innovative fintech and supply chain solutions to enhance efficiency and convenience while fostering trust within the agrifood ecosystem.
A Journey of Innovation and Growth:
Founded in December 2020, Ayekart embarked on its commercial journey in September 2021 with a dedicated team of six members. Since then, the company has experienced exponential growth, expanding its workforce to over 150 employees across six strategic locations. Ayekart’s commitment to empowering smallholder farmers and agrifood MSMEs has been the driving force behind its success.
Empowering Agrifood MSMEs:
Ayekart’s comprehensive fintech solutions address critical pain points faced by agrifood MSMEs, including market linkages, access to finance, and technological infrastructure. The platform operates in 18 states, boasting over 9,000 active merchants and facilitating more than 2.5 lakh transactions with a lifetime GTV exceeding ₹2,100 crore. Remarkably, Ayekart has maintained profitability since its inception, distinguishing itself within the agritech landscape.
A Vision for Sustainable Growth:
Debarshi Dutta, Co-founder and CEO of Ayekart, underscores the company’s unwavering commitment to driving meaningful change and fostering sustainable growth across the agrifood value chain. By empowering FPOs and agrifood MSMEs with tailored fintech solutions, Ayekart aims to bridge gaps in the value chain and catalyze positive transformation within the industry.
Conclusion:
As Ayekart embarks on its next phase of growth and innovation, it stands poised to redefine the agrifood fintech landscape. With a strong foundation of innovation, integrity, and customer-centricity, Ayekart is poised to empower stakeholders, drive efficiency, and unlock new opportunities for growth and prosperity in the dynamic agrifood ecosystem.
Stay tuned as Ayekart continues to make strides in revolutionizing agrifood fintech and empowering stakeholders across the value chain.
