Nimble Growth Organics raises undisclosed seed round
The company is backed by HNIs, CXOs, and founders of unicorn startups from India, Singapore, and the UAE.
DVR Rajiv Mohan, Vice President, ITC Agri-Business Division, founders of Vedantu, Siply, Goal Teller, Udyan Tea, Ellenbarrie, and many other executives of corporates like Blackrock, EY, KPMG, Proptiger, Kenwell Pharma, Salarpuria, ITC, etc also participated in the round.
The startup is into production and B2B supply of organic fruits and vegetables and had earlier raised money from a few angels like Amit Gupta (Co-founder of InMobi / Yulu ), Shobhit Shukla (Co-founder of Near) and key executives from companies like Rothschild and InMobi, among others.
With the latest round, the company has raised a total of $1 million in funding so far. The startup plans to invest this money for future expansion into new geographies, recruiting heavily in technology, sales, and marketing functions.
Co-founded by Rahul Saria, Nagendra Kalkuli, Abhisek Bhagchandka, and Pradeep Kumar ML in 2017, Nimble Growth Organics offers technical know-how and manages the complete production and quality at the farm level with its in-house developed proprietary package of practice (PoP).
The agritech startup currently works with over 280 farmers across Karnataka. It deals in 85+ SKUs, and has doubled its volume with an ARR of over Rs 10 crore in the last six months. Nimble Growth caters to the Bengaluru and Hyderabad market and intends 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.
“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.
Rahul Agarwal, CFO at Near.co added, “Nimble Growth 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.”
Nimble Growth Organics seems to have established itself as a strong brand in the agritech space. I’m sure the company will continue to prosper in its journey ahead. My best wishes to the team of Nimble Growth Organics.Shishir Gupta, Founder and CEO, StartupLanes
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