Agraga raises Rs 70 Cr in Series A led by IvyCap Ventures
Agraga, a digital logistics platform, has secured Rs 70 crore in a Series A round sponsored by Alteria Capital and led by lvyCap Ventures Advisors Private Limites. According to the company, the funds will be used to increase digital skills, optimise supply chain alliances, and increase the footprint from three cities to more than 15 cities by March 2024.
The company also intends to improve its integrations with asset partners, such as warehouses, transporters, customs offices, and maritime and air carriers, in order to provide end-to-end solutions globally. IvyCap Ventures' managing partner Tej Kapoor will represent the VC company on Agraga's board of directors.
"Araga has the ability to provide scalable solutions to MSMEs as we continue to develop our national and international presence and maintain our low-touch philosophy. Our ultimate goal is to provide a first-rate experience to all of our clients and partners while generating long-term value for all of our stakeholders, according to Venkatesh Narayanaswamy, co-founder and CEO of Agraga.
When Anoop Raghavan and Venkatesh Narayanaswamy founded Agraga in 2021, they integrated asset holders to create a uniform digital logistics platform that streamlined cross-border logistics. From booking to tracking to execution, it offers a unified digital experience throughout the shipping lifecycle.
The startup currently provides cutting-edge solutions to over 200 enterprise and MSMEs customers in more than 30 different countries through its network of more than 500 digitally linked partners. The business wants to do away with several middlemen so that its platform can give price discoverability, transparency, route optimisation, and faster response times online.
IvyCap Ventures, a venture capital company with headquarters in Mumbai and $530 million in assets under management, handles investments in over 30 startups across a variety of industries, including ConsumerTech, HealthTech, Fintech, EdTech, SaaS, Enterprise Tech, DeepTech, and others. It makes investments in start-ups in the early to growth stages (Seed Pre-Series A, Series A, and Series B) that are developing cutting-edge technology-based goods, services, and business solutions and have the ability to expand and adapt to take the lead in a competitive market. The companies it currently represents include Purplle, Bewakoof, Biryani By Kilo, and others.
The company also intends to improve its integrations with asset partners, such as warehouses, transporters, customs offices, and maritime and air carriers, in order to provide end-to-end solutions globally. IvyCap Ventures' managing partner Tej Kapoor will represent the VC company on Agraga's board of directors.
"Araga has the ability to provide scalable solutions to MSMEs as we continue to develop our national and international presence and maintain our low-touch philosophy. Our ultimate goal is to provide a first-rate experience to all of our clients and partners while generating long-term value for all of our stakeholders, according to Venkatesh Narayanaswamy, co-founder and CEO of Agraga.
When Anoop Raghavan and Venkatesh Narayanaswamy founded Agraga in 2021, they integrated asset holders to create a uniform digital logistics platform that streamlined cross-border logistics. From booking to tracking to execution, it offers a unified digital experience throughout the shipping lifecycle.
The startup currently provides cutting-edge solutions to over 200 enterprise and MSMEs customers in more than 30 different countries through its network of more than 500 digitally linked partners. The business wants to do away with several middlemen so that its platform can give price discoverability, transparency, route optimisation, and faster response times online.
IvyCap Ventures, a venture capital company with headquarters in Mumbai and $530 million in assets under management, handles investments in over 30 startups across a variety of industries, including ConsumerTech, HealthTech, Fintech, EdTech, SaaS, Enterprise Tech, DeepTech, and others. It makes investments in start-ups in the early to growth stages (Seed Pre-Series A, Series A, and Series B) that are developing cutting-edge technology-based goods, services, and business solutions and have the ability to expand and adapt to take the lead in a competitive market. The companies it currently represents include Purplle, Bewakoof, Biryani By Kilo, and others.
.jpg "Innovating Legal Solutions to Safeguard your Business")
