This is Arkam's third investment in the rapidly growing Agritech sector, further demonstrating its dedication to the digitalisation of middle-India.
Agritech start-up BharatAgri, an advisory-led e-commerce platform for farmers, on Thursday, said it has raised Rs 35 crore ($4.3 million) from investors including Arkam Ventures. The company raised Rs 35 crore in the Series A funding round.
Besides Arkam Ventures the funding round also saw participation from Capria Ventures and existing investors, India Quotient, 021 Capital, and Omnivore, BharatAgri said in a release. The funding marks Arkam Ventures' third investment in the agri-tech space.
"The funds will be used to scale BharatAgri's e-commerce platform into new geographies and strengthen its last-mile delivery," the statement said.
BharatAgri, founded by IIT Madras Alumni Siddharth Dialani and Sai Gole, has built prediction algorithms that provide advisory customised to crops, regions, and climatic changes.
Farmers can access this custom advisory that would help them increase farm yield, and lower input costs and labour effort.
Its e-commerce platform offers over 10,000 agricultural products such as fertilisers, seeds, pesticides, insecticides, and farming equipment, among others, and is delivered pan-India, the statement said.