Agrifood fintech startup Ayekart raises $6.5M led by Omnivore, other investors

Ayekart, a fintech startup targeting the agricultural food segment, has raised $6.5 million in a Series A funding round led by Omnivore, Siana Capital, and Unleash Capital Partners.

Enhancing technological capabilities 

With this round of funding, The startup will focus on enhancing its technological capabilities and expanding its operations. It aims to reach a broader audience, including farmer-producer organizations (FPOs), food manufacturers, distributors, and retailers across India.

Providing fintech and supply chain solutions

Since its inception in December 2020 and the launch of commercial operations in September 2021, Ayekart claims to have witnessed remarkable growth.

The startup now boasts a presence in 18 Indian states, with over 9,000 active merchants on its platform, facilitating more than 2.5 lakh transactions with over Rs 21 billion lifetime GTV (Gross Traded Value)

Ayekart provides fintech and supply chain solutions for traditional businesses in the agrifood value chain, boosting efficiency and convenience while preserving trust within the ecosystem.

Maintaining profitability 

Ayekart said it has maintained profitability since its launch and has a dedicated team of over 150 members spread across six locations in India.

Debarshi Dutta, Co-Founder & CEO of Ayekart, stated, “Since the inception, our unwavering commitment to positively impact the lives of smallholder farmers, Farmer Producer Organizations (FPOs), and agrifood MSMEs across India has been the cornerstone of our journey. We understand the critical pain points that agrifood MSMEs face – the need for market linkages, access to finance, and an efficient technology ecosystem to enhance their businesses."

"To address these challenges, we have developed innovative fintech solutions tailored to empower FPOs and agrifood MSMEs. Ayekart is not just addressing gaps in the value chain but also driving meaningful change that empowers agrifood MSMEs and fosters sustainable growth across the value chain," Dutta said.

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