On Friday (24. September.2021), Karnataka-based Nimble Growth Organics, announced that it raised an undisclosed sum of amount in a seed funding round. After summing up this round the total amount accumulated by the startup is USD 1 Million.
This agritech startup is backed by some prominent CXOs’ HNIs, and founders of many unicorns from the region of Singapore, UAE, and India as well. The participants of this round were some of the prominent veterans of the industry like Vice President of ITC Agri-Business Division, DVR Rajiv Mohan; founders of Goal Teller, Ellenbarrie, Siply, Vedantu,Udyan Tea, and some other executives of big corporates like EY, Proptiger, KPMG, Blackrock, Salarpuria, ITC, etc.
Previously Nimble Growth Organics raised funding from angel investors like Amit Gupta, founder of Yulu/InMobi; co-founder of Near Shobhit Shukla; and some key executives from companies like InMobi, Rothschild and some others.
Utilization of the fund – Nimble Growth Organics will utilize this capital raised in the future expansion of the footprints into new geographies, hiring in marketing, sales and technology, intensively.
Words from the investors – “NimbleGrowth team has come a long way, and it has been an amazing experience to see them grow over the past few years. The founding team brings the right balance of social and business entrepreneurship, and I am sure they will play a big role in India’s organic food revolution,” stated Rahul Agarwal, CFO at Near.co., an angel investor since 2017, who re-participated in this seed round.
About Nimble Growth Organics –
Nimble Growth Organics was co-founded by Rahul Saria, Nagendra Kalkuli, Abhisek Bhagchandka, and Pradeep Kumar ML in 2017. The startup is into the production and supply of organic fruits and vegetables in the B2B segment.
The startup claims to build India’s first application for organic production focused traceability. This is the area that has grabbed a lot of attention in recent times, with an increased focus around-consuming products that are healthy and farm-fresh.
Nimble Growth Organics provides technical know-how and controls the complete production and quality at the farm level with its in-house developed proprietary package of practice (PoP).
At present, the agritech startup works with 280+ farmers across Karnataka. It deals in 85+ SKUs, and in the last six months, the company has doubled its volume (~200 tonnes per month on an average) with an ARR of over Rs 10 crore (USD 1.3 Million). Nimble Growth caters to the Bengaluru and Hyderabad market and plans to expand soon.
“We are committed to creating a fundamental business model with all-around up-gradation for all our stakeholders,” said Co-founder Rahul, Nimble Growth Organics.
“The participation from industry veterans, especially from the Agri domain, gives us wings in our efforts to take the business to the next level,” added Co-founder Nagendra, Nimble Growth Organics.
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