Ayekart raises $6.5 million from Omnivore, Siana and Unleash Capital.

Agri-food fintech platform Ayekart has raised $6.5 million (₹53 billion) in a series A round led by Omnivore, Siana Capital and Unleash Capital. With this capital injection, Ayekart aims to expand its operations nationwide and serve a larger audience of Farmer Producer Organizations (FPOs), food producers, distributors and retailers, the company said in a statement.

 Ayekart, founded in December 2016, started its business operations. September 2021 with a team of six and has since expanded to over 150 members across six locations. The startup provides fintech and supply chain solutions to traditional agri-food value chain companies, increasing efficiency and convenience while maintaining trust in the ecosystem.

Ayekart today operates in 18 states and has over 9,000 active merchants on its platform. The company claimed to have facilitated over 2.5 million transactions with a lifetime GTV (Gross Business Value) of over ₹ 2,100. Moreover, Ayekart has been consistently profitable since its inception, which sets it apart from other companies in the agriculture sector. Debarshi Dutta, Founder and CEO of Ayekart said, “From the beginning, the founder and CEO of Ayekart has been our unwavering commitment to positively impact the lives of Ayekart. Small farmers, farmer organizations (FPOs) and agri-food SMEs across India have been the cornerstone of our journey. We understand the critical pain points faced by agri-food SMEs – the need for market connectivity and access to finance and efficient technology ecosystem to drive business. To address these challenges, we have developed innovative fintech solutions tailored to empower FPOs and MSMEs in the agricultural sector. Ayekart not only addresses gaps in the value chain, but also brings about a meaningful change that empowers SMEs in the agri-food industry and promotes sustainable growth across the value chain”

Jinesh Shah, CEO, Omnivore said, “We are delighted to support the efforts of Ayekart to improve the lives of farmers and ensure economic stability. Ayekart’s focus on empowering agri-food SMEs with a cutting-edge technology approach resonates deeply with our investment philosophy. We are confident that this capital investment will drive the development of Ayekart, stimulating significant advances in both the agriculture and supply chain sectors.

UnLEASH Capital Partners Founder and Partner Sohil Shah said, “We are proud to be a part of the Ayekart product. line Financing to help the B2B supply chain use technology-enabled financing solutions. This investment is an important long-term step that will help Ayekart fulfill its mission to strengthen its market position and continue to deliver value to its stakeholders and customers.

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