Agri tech startup Greenikk raises Rs 5.04 crore in pre-seed funding

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Agri tech startup Greenikk raises Rs 5.04 crore in pre-seed funding
Agri tech startup Greenikk raises Rs 5.04 crore in pre-seed funding

The startup firm greenikk which has launched India’s first full-stack supply chain connecting banana cultivators, wholesalers, exporters and B2B buyers on a single platform, will use the fresh funds to establish model enablement centres, build a scalable business model and hiring

Kerala-based greenikk said it has raised Rs 5.04 crore in pre-seed funding from some institutional funders, angel investors and serial entrepreneurs based in India and abroad. Of the total amount raised, Rs 3.34 crore will be in the form of equity and the rest in debt.

9 Unicorn Ventures led the round. Smart Spark Ventures, Manish Modi who heads Mauritius-based Mastermind Capital Ventures, Saurabh Agarwal and Mayank Tiwari, founders of Reshamandi and Arjun Pillai, who sits in the board of NASDAQ-listed Zoom info, also participated in the round.

The startup firm greenikk which has launched India’s first full-stack supply chain connecting banana cultivators, wholesalers, exporters and B2B buyers on a single platform, will use the fresh funds to establish model enablement centres, build a scalable business model and hiring. It aims to hit Rs 100 crore in annual recurring revenue in the financial year of 2022-23, as per reported by YourStory.

Also readDifference between enterprise-grade and consumer-grade technology needs to get diminished

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