Just 10% of the produce harvested by India’s farmers gets processed in-country, presenting a revenue opportunity for farmers and others in the agricultural value chain.
Bangalore-based Agrizy manages a digital marketplace that connects agricultural suppliers, processors and buyers. More than two million small food processors and smallholder farmers have used the platform since 2021 to gain access to financing and back-office support.
“Agrizy aims to transform India into a global food processing hub by helping agri-processors access export markets and comply with global quality standards, while offering these underserved stakeholders working capital from formal financial institutions,” said Agrizy’s Vicky Dodani.
Inclusive finance
Agrizy is addressing “the lack of quality financing for small processors and the farmer producer organizations that supply them, helping to increase incomes in rural communities,” said Accion’s John Fischer of Accion, the Washington, DC-headquartered nonprofit impact investor that led the Series B funding. Other investors in the round include Omnivore, Capria Ventures, Thai Wah Ventures and Ankur Capital.
