Agri-tech Startup Ergos Raises INR 38.5 Cr In Series A Funding From Chiratae Ventures

Of the total capital, Chiratae Ventures led the round with INR 23.5 crore while Aavishkaar Capital invested an additional INR 15 crore

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!


3 min read

Opinions expressed by Entrepreneur contributors are their own.


You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

Agritech startup Ergos has raised INR 38.5 crore in Series A funding round from Chiratae Ventures and Aavishkaar Capital.

Of the total capital, Chiratae Ventures led the round with INR 23.5 crore while Aavishkaar Capital invested an additional INR 15 crore.

The equity round is expected to reach INR 80 crore with another institutional investor set to pump more capital in the startup, as per the company’s official statement.

Ergos has been working on a unique farm-gate based technology driver Grainbank model for the small and marginal farmers in India. The start-up supports more than 20,000 farmers on its digital platform and has a physical footprint in more than 60 locations in Bihar.

“We are building the Ergos Grainbank to serve small and marginal farmers by leveraging technology and data science to disrupt the way farmers deal with their produce. We are extremely excited to have Chiratae on board and along with the continued support from Aavishkaar Capital, we intend to rapidly scale our geographic footprint and remain focussed to service farmers directly at farm-gate at over 2,000 Grainbank locations over the next few years,” said Ergos founder and chief executive officer Kishor Jha.

The model provides farmers with doorstep access of end-to-end post-harvest supply chain solutions by leveraging a robust technology platform to ensure seamless service delivery.  The tech platform functions like a bank and offers storage, digitisation, credit and liquidation facility to farmers through the single platform over

Agritech Startup Unnati Raises USD 1.7 Mn In Pre-Series A Round from NABVENTURES

The company will utilize the fund to expand its tech platform and set up more partner stores

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!


2 min read


You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

Agritech startup Unnati on Monday announced that it has raised USD 1.7 million in Pre-Series A round from NABVENTURES fund, an agriculture, food and rural businesses focused fund.

Founded in 2017 by Ashok Prasad and Sinha, Unnati’s app gives access to agri finance, knowledge support, choice of inputs, tracking farm lifecycle and access to buyers.

The company’s predictive farming model helps farmers to make well-informed decisions on plant protection, weed management, nutrient usage and also predict market conditions. Through its repository network partner, the startup provides financial assistance such as creating saving accounts, securing loans, purchasing farming inputs, among others. 

Commenting on the recent capital infusion, Amit Sinha, co-founder, Unnati said, “On this journey of creating farmpreneurs through digital tools we are proud to have NABVENTURES (NABARD) as a partner. NABVENTURES shares our vision of bringing a positive change in the agriculture industry and creating value for all stakeholders. We look forward to gaining from NABARD’s deep experience, knowledge and scale of operations in Indian agriculture and look forward to a long and mutually beneficial association.”

The company said it will utilize the fund to expand its tech platform and set up more partner stores.

G. R. Chintala, chairman NABARD and NABVENTURES, said, “Unnati has created a platform to digitalize the major components in the food and agribusiness value chain.  The predictive capabilities of the data captured by the platform enhances efficiencies while its transparent processes help in building trust among farmers and FPOs. Unnati has the potential to be a nationwide platform