Chennai-Based Veg Route Raises $1.1M Seed Funding

0

The startup intends to use the funds raised to improve its technology and data-driven solutions

The startup intends to use the funds raised to improve its technology and data-driven solutions

Chennai-based agritech startup Veg Route has raised $1.1m in seed funding led by US-based VGROW Ventures. The round also saw the participation of Mohan K. and Jai Kumar, founders of Chennai-based fintech startup Ippopay; Hari TN, co-founder, Artha School of Entrepreneurship; Abhishek Raj Pandey, Business Operations Manager, Mama Earth and other angel investors from India, UAE and USA

The startup intends to use the funds raised to improve its technology and data-driven solutions. The company also plans to establish warehouses, collection centers in small towns and villages and invest in electric vehicles for last-mile delivery operations. Veg Route has already raised $180,000 in the pre-seed round.

Veg Route CEO Shyam Prashad Rajasekaran said the startup will expand its operations and connect with over 50,000 farmers and serve over 2.5 lakh consumers daily in 100 cities by 2025.

Founded in July 2020 by Anand Alagarsamy and Shyam Prashad Rajasekaran, Veg Route is a B2C fresh produce agritech supply chain platform. The startup says it aims to connect farmers directly to the end consumer and in doing so cut out the middleman and secure better prices.

Share.

Comments are closed.