Agri-supply chain startup Bull Agritech raises $100K

Bull Agritech, an emerging agri-supply chain startup, has raised $100,000 in a new funding round led by notable figures, including Akassh Patel and Nilesh Bhalala, founders of BuilditIndia, Shashin Patel, MD of SCC Infrastructure, among others. 

Expanding operations into new regions

With the fresh infusion of funds, Bull Agritech plans to expand its operations into new regions, double its collection centres, and diversify its commodity portfolio. The expansion is not just about geographical spread but also about deepening the integration of technology in agri-supply chain management.

Hit Desai, Founder of Bull Agritech, said, “The funding comes at a time when we are poised for strategic growth. We will be deploying the funds to expand into new regions, double the number of collection centers and broaden commodity portfolio. We will build scalable internal technology for efficient data analysis and onboard top-tier talent to drive operational efficiency and innovation."

He said the current non-perishable agri-trade system is inefficient and outdated, costing farmers valuable income. "We believe social technology holds the key to unlocking a new era of market access, price discovery, and logistical efficiency, directly benefiting farmers," he added.

What does Bull Agritech do?

Founded by Hit Desai and Divyajeetsinh Chauhan, Bull Agritech aspires to create India's largest commodity supply chain by leveraging advanced technology and a robust network of farmers and commodity processors. 

The startup is focused on enhancing the efficiency of the non-perishable agri-trade system, which is currently plagued by inefficiencies that diminish farmers' earnings. By introducing social technology, It aims to open new avenues for market access, price discovery, and logistical efficiency, directly benefiting the farming community.

Bull Agritech growth

Bull Agritech claims to have facilitated trades worth Rs 35 crore in the last 24 months. The startup mentions that more than 6,000 farmers have preferred its services to those of local Agricultural Produce Market Committees (APMCs) for selling their crops.

It also claims to have witnessed a 200% growth from one year to the next and aims to keep growing at 25% every month. Additionally, Bull Agritech is exploring opportunities in farmer financing solutions, aiming to address the financial challenges faced by the farming community.