Agritech e-marketplace Agri10x raised an undisclosed seed round from impact investor Omnivore. The startup currently operates in the states of Maharashtra, Bihar, Uttar Pradesh, and Gujarat.
The blockchain and AI-enabled platform connects farmers directly with traders and buyers enabling them to sell their produce at competitive prices. It also integrates affiliated services, including quality assessment, warehousing, cold storage, and logistics to deliver a full-stack market linkage solution for Indian farmers.
Agri10x plans to use this funding to expand to eight more states, onboard 1 mn farmers, and offer fintech solutions to its buyers through NBFC partnerships. The startup also intends to ramp up its exports operations across Middle East and Southeast Asian countries to open up potential new markets for Indian farmers.