Team StartupCity

• Agraga secures Rs 100 crore in pre-Series B led by Bajaj Finserv Group
• Funds to expand cross-border logistics and strengthen LCL operations
• Startup serves 700+ customers across 40 global trade lanes

Digital freight forwarder Agraga has raised Rs 100 crore (about $12 million) in its pre-Series B round, led by Bajaj Finserv Group. Existing investor IvyCap Ventures and a group of global angel backers also participated.

This new funding comes after Agraga’s Rs 70 crore Series A round in May 2023, which IvyCap Ventures and Alteria had backed. With the fresh capital, Agraga plans to scale its cross-border logistics platform, grow its Less-than-Container Load (LCL) vertical, invest in automation, and expand visibility tools for smoother trade operations. The company also aims to strengthen its presence across major export hubs.

Founded in 2021, Agraga offers a unified logistics platform that brings together freight booking, customs clearance, warehousing, and embedded financial services. Its goal is to make global trade easier for MSMEs and mid-market companies by offering real-time pricing, shipment tracking, documentation workflows, and compliance support. The platform is built around four layers, discovery, tracking, execution, and data-driven decision-making.

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Agraga currently serves more than 700 customers and works with 1,000 vendors across 40 international trade lanes. It also collaborates with financial partners such as ICICI Bank and IDFC First Bank. Its subsidiary, Byteport Logistics, focuses on channel-partner aggregation for MSMEs and LCL customers.

The lead investor, Bajaj Finserv Group, supports Indian startups through its venture arms, focusing on fintech, healthcare, and technology. The firm has backed companies like Anumati, MobiKwik, Pennant, and recently led a Rs 72 crore pre-Series B round in KisanKonnect.