मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
B2B fruit platform Vegrow raises $46 mn in Series C funds
Mint Mumbai
|December 14, 2023
Vegrow, a business-tobusiness agritech platform, has raised $46 million in its Series C round, led by Singapore sovereign wealth fund GIC, the company said in a statement on Wednesday.
Existing investors Prosus Ventures, VCCI Matrix Partners India, Elevation Capital, and Lightspeed also participated in the round.
The latest round, which is a mix of primary and secondary capital, provides an exit to some of Vegrow's early investors including Better Capital, Titan Capital and a few angels. Vegrow, owned by Chifu Agritech Pvt Ltd, is valued at about $285-290 million post the transaction.
Co-founder Shobhit Jain told VCCircle the startup will use the funds to deepen its presence in the country, and also improve its international network.
The Bengaluru-based company was set up in 2020 by IIT alumni Jain, Praneeth Kumar, Mrudhukar Batchu and Kiran Naik.
यह कहानी Mint Mumbai के December 14, 2023 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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