B2B agritech marketplace Vegrow raised $25 million in series B led by Prosus Ventures


Business-to-business (B2B) agritech marketplace for fruits Vegrow, raised $25 million in series B led by Prosus Ventures where existing investors Matrix Partners India, Elevation Capital, Lightspeed Venture Partners and Ankur Capital also participated.


Vegrow bridges the gap between fruit demand and supply by aggregating multiple channels (wholesalers, semi-wholesalers, modern trade, and general trade) in 100 cities on the demand side and more than 20,000 farmers on the supply side. "We will use the capital to expand our geographic presence, hire more people, beef up our technology stack, and grow even more," said co-founder Shobhit Jain. Every day, the company processes more than 200 tonnes of fruits. Vegrow has expanded 15 times in the last year, with a gross margin of about 20%.

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