In a recent development, agri-supply chain startup Bull Agritech has successfully secured $100,000 in funding from key investors, including Akassh Patel and Nilesh Bhalala, founders of BuilditIndia, and Shashin Patel, Managing Director of SCC Infrastructure, along with several others.
This recent infusion of funds adds to the startup’s momentum, with Bull Agritech having amassed a total of Rs 1.5 crore over the past four months in its pre-seed round. Founded by Hit Desai, Bull Agritech is pioneering the transformation of the agricultural supply chain landscape through the strategic integration of technology and its extensive network comprising farmers and commodity processors.
The allocated capital will fuel the startup’s expansion initiatives, including venturing into new regions, augmenting the number of collection centres, and diversifying its commodity portfolios. Additionally, Bull Agritech aims to bolster its workforce by onboarding skilled professionals who will drive operational efficiency and foster innovation.
With an impressive track record, Bull Agritech has facilitated trades worth Rs 35 crore within the last 24 months. Notably, over 6,000 farmers have opted to leverage Bull Agritech’s platform for selling their crops, bypassing the conventional reliance on local APMCs (Agricultural Produce Market Committees). The startup has reported a remarkable 200% year-on-year growth and remains steadfast in its commitment to sustaining a robust 25% month-on-month growth trajectory.
This recent funding round not only signifies a vote of confidence from notable industry figures but also underscores the immense potential of Bull Agritech in revolutionizing the agri-supply chain landscape through innovation and strategic expansion.
