Agritech startup Veg Route raises seed round
Chennai-based agritech startup Veg Route has raised $1.1 million in its seed round led by VGROW Ventures from the US along with Ravi Shankar Kathirvelu. Mohan K and Jai Kumar, Hari TN and Abhishek Raj Pandey with other angel investors of India UAE and US have also participated.
The proceeds will be used to enhance tech and data driven solutions for strengthening the fresh produce supply chain which connects farmers and consumers.
Founded in Nov 2020, Veg Route offers freshly hand picked fresh produce directly from farms in 5 cities across tier-2 and tier-3 towns of South India.
Previously, Veg Route had raised $180 K in its pre-Seed round in January this year.
Nearly 100 startups raised close to $1.33 billion across 139 deals between January 2020 and June 2022. This includes around 37 deals worth $155 million in 2020, 58 deals worth $636 million in 2021 and 44 deals worth $539 million in the ongoing calendar year.
Veg Route seems to be an intriguing startup with inspiring development on transportation, logistics, supply chain and storage platform. This startup would continue to prosper in the future. Wishing this startup good luck in all its future endeavors.Shishir Gupta, Founder and CEO, StartupLanes
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
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