Business

Agritech start-up Otipy raises USD 10.2 mn

Agritech start-up Otipy, which markets fresh vegetables, fruits and other grocery items through its app, has raised $10.2 million (around Rs 76 crore) from investors including SIG and Omidyar Network to expand business.

migrator

Updated:20th Jul, 2021 at 12:58 AM

New Delhi

The Series A funding was led by SIG. Omidyar Network India, Innoven Capital and existing investors IPV (Inflection Point Ventures), Pravega, and FactorE also participated in the round, the company said in a statement.

Otipy had earlier raised $2 million in 2020, led by IPV.

Launched in 2020, Otipy, which is part of Crofarm Agriproducts Pvt Ltd, is a business to business to consumer (B2B2C) social commerce platform for fresh produce that includes vegetables, fruits, dairy and other grocery items.

It sources over 2,500 tonnes of fresh produce every month from over 10,000 farmers across the country.

Otipy said its farm-to-fork delivery model optimises for freshness by procuring directly from farmers.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Agritech start-up Otipy raises USD 10.2 mn

Agritech start-up Otipy, which markets fresh vegetables, fruits and other grocery items through its app, has raised $10.2 million (around Rs 76 crore) from investors including SIG and Omidyar Network to expand business.

Also Read

CM Vijay to visit Delhi tomorrow; likely to meet PM Modi, Nirmala Sitharaman

One more AIADMK MLA quits; Palaniswami camp asks TN Speaker not to accept resignation of 3 party MLAs

Farm loan waiver is a scientific fraud, says EPS

Clashes erupt after Kerala University Union poll results, 50 SFI workers booked

Tamil Nadu: Bypolls new normal as era of titans ends