Ergos raised Rs 25.5 crore in funding
Ergos secured Rs 22.5 crore from CDC group for closing series A funding round of Rs 81 crore.
The company from Aavishkar capital raised Rs 25 crore. In the month of March in October, they secured Rs 23.5 from chiratae Ventures.
CDC Group plc is a development finance institution owned by the UK government. The Department for International Development is responsible for CDC, with shareholder duties are managed by the Shareholder Executive.
Ergos has been working on a unique farm-gate based technology driver. Grain bank model for the small and marginal farmers in India.
The start-up supports more than 20,000 farmers on its digital platform and has a physical footprint in more than 60 locations in Bihar.
“We are building Ergos primarily to extend post-harvest support to small and marginal farmers on storage, credit, and market linkages at the farm-gate,” said Kishor Jha, founder, and chief executive officer at Ergos.
Shishir Gupta, Founder & CEO of StartupLanes says, “At the model on which they are working it will provide farmers with doorstep access of end-to-end post-harvest supply chain solutions by leveraging a robust technology platform to ensure seamless service delivery. It will be helpful to the farmers. congratulations and My best wishes to them.”