Agri-tech company Bull Agritech has raised $100K in a pre-Seed funding round led by startup accelerator PedalStart. Bull Agritech has been part of PedalStart’s current cohort One-to-N which is backed by Venture Capital funds from the ecosystem. According to an official statement, the company plans to use funds for the growth of the company and accelerate the operations along with building the team.
Commenting on the fund raised, Hit Desai, Co-founder at Bull Agritech, said “We see a huge opportunity in the non-perishable agri-trade market as the farmers have been left with a 100-year-old monopoly that is APMC which lacks market connectivity, transparency, and efficiency. It is a known fact that the intermediaries use this monopoly to manipulate the market which results in farmers’ loss. There has been no brand in the output linkage space which is widely trusted by farmers at scale when it comes to selling their crop.”
“We come from North Gujarat, the land of white revolution and cooperative movement which created the brand AMUL in the rural as well as urban market, and with enablers like Pedalstart by our side. We are hopeful about being a pillar to the green market revolution which India awaits,” he added.
With a mission to revolutionize the non-perishable agri-trade market and empower farmers through transparent and efficient market connectivity, Bull Agritech claimed that it has already facilitated trades worth INR 25 crore and onboarded 15000 farmers digitally, illustrating their rapid growth and impact in just 18 months.
“One-to-N has been a cohort that has set a benchmark for us as well. Out of 9 startups which have been selected had raised their first round and here we came up to upscale their journey to level two. Bull Agritech has been the first success, and counting on more coming up,” shared Manas Pal and Aditya Darolia, Co-founders at PedalStart, in a joint statement.
