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.

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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.

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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.

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