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Exclusive: Ayekart to raise new round with 2.8X valuation surge

EntrackrEntrackr · 11d ago
Exclusive: Ayekart to raise new round with 2.8X valuation surge
Medial

Ayekart, a full stack agri-food network, is set to raise Rs 65 crore (approximately $7.4 million) in a fresh round of funding from Vihu Hospitality Pvt Ltd and Enchant Packaging Pvt Ltd. This funding follows its $6.5 million Series A round raised in February 2024, led by Omnivore, Siana Capital, and Unleash Capital. Ayekart's board approved the issuance of 5,333 equity shares at Rs 1,21,862 each to raise the capital, as per its filing with the Registrar of Companies. Vihu Hospitality will lead the round with a Rs 35 crore investment, while Enchant Packaging will contribute Rs 30 crore. The funds will be used to expand the retail and distribution business and strengthen sourcing, processing, and supply of raw materials. The company is likely to raise additional funds, with total fundraising expected to reach up to Rs 150 crore. Existing investor Omnivore is expected to participate in the ongoing Series B round with an investment of up to Rs 35 crore. The firm's valuation is projected to soar 2.8X to Rs 1,331 crore ($151 million) post-money, from a Rs 474 crore valuation in its previous round. Founded in 2020, Ayekart is a vertically integrated agri-food platform connecting farmers and FPOs for sourcing and distributing products via an FMCG network. It provides services such as quality checks, logistics, payments, and traceability using proprietary tech. The Mumbai-based company has raised over $13 million to date. New investors Vihu Hospitality and Enchant Packaging will hold 2.63% and 2.25% stakes, respectively. Omnivore will remain the largest external shareholder with 13.71%, while Co-founder and CEO Debarshi Dutta will retain a 25.91% stake. For the fiscal year ended March 2024, Ayekart’s Gross Transaction Value (GTV) rose over 2.3X to Rs 1,533 crore from Rs 643 crore in FY23, and the company reported a profit of Rs 94.3 lakh during the period.

Samunnati completes Rs 381 Cr in Pre-Series E funding

EntrackrEntrackr · 6m ago
Samunnati completes Rs 381 Cr in Pre-Series E funding
Medial

Samunnati, an agri enterprise focused on enabling inclusive growth across agri-value chains, has raised Rs 42.5 crore (around $5 million) in equity from Agri-Biz Capital Delaware LLC. This marks the first equity infusion for FY 2025-26 and brings the total Series E funding to Rs 381 crore. In the previous fiscal year, Samunnati raised $135 million in funding from several lenders, including USDFC, Credit Saison, Tata Capital, Poonawalla Fincorp, Hinduja Leyland Finance, Wint Wealth, Altifi, Alteria Capital, and Anicut Capital. Founded in 2014, Samunnati operates as a specialized agri value chain enabler offering customized financial and non-financial solutions. Its unique approach focuses on addressing the critical gaps in the agriculture ecosystem by linking farmers to markets, facilitating credit access, and improving farm productivity. The company works extensively with Farmer Producer Organizations (FPOs), agri SMEs, and agri-tech firms, serving over 6,000 farmer collectives and impacting millions of smallholder farmers across the country. With its presence in over 100 agri value chains and operations across more than 25 states, Samunnati’s product suite includes working capital finance, trade facilitation, supply chain solutions, capacity building, and market access support.

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