Agritech startup Bijak in talks to raise $35 million led by Bertelsmann India

Agritech startup Bijak is in advanced talks to raise $35 million led by Bertelsmann India, two people with knowledge of the development said at a valuation of $200-$250 million, they said.

Bijak is a B2B marketplace for agricultural goods. The platform enables traders, wholesalers and food processors to keep a ledger of their transactions, access transparent pricing, optimise logistics and improve their working capital cycles.

Claims it’s revenue grew fivefold during Covid-19. Gross merchandise value (GMV) the value of all transactions on a platform during a given period also rose multi-fold, it said. “From a GMV of Rs 50 lakh in October 2019, the platform has hit an annualised GMV of Rs 1,200 crore,” it said with a presence in 27 states/union territories

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