Bull Agritech, an agricultural technology firm, has secured $100,000 (equivalent to Rs 8 million) in a pre-seed funding round, with startup accelerator PedalStart taking the lead. Bull Agritech is a member of PedalStart's ongoing cohort, known as One-to-N, which is supported by prominent Venture Capital firms in the industry. The company has stated that it intends to utilize the funds to fuel its growth, expedite operational expansion, and bolster its team.

Established in 2021 by Hit Desai and Divyajeet Chauhan, Bull Agritech is a company that establishes a direct connection between farmers and agri-commodity processors, offering comprehensive supply chain solutions. Manas Pal and Aditya Darolia, who co-founded PedalStart, noted that the One-to-N program has set a high standard. Among the nine startups selected, all have successfully secured their initial funding, and we aim to elevate their progress to the next level further. Bull Agritech reports that it has already enabled trade transactions worth Rs 25 crore and digitally onboarded 15,000 farmers in just 18 months.

Hit Desai, one of the Co-founders of Bull Agritech, expressed, "We perceive a significant opportunity within the non-perishable agricultural trade sector. Farmers have long been subject to the dominance of the 100-year-old APMC monopoly, which lacks the essential attributes of market connectivity, transparency, and efficiency. It is widely acknowledged that intermediaries exploit this monopoly to manipulate the market, resulting in losses for farmers. There has been a noticeable absence of a trusted brand in the field of crop sales, particularly at a large scale. Hailing from North Gujarat, known for the white revolution and cooperative movement that birthed the renowned brand AMUL in both rural and urban markets, we, with the support of enablers like Pedalstart, aim to become a cornerstone in the awaited transformation of the agricultural market in India".