The agri-inputs platform AGRIM, which operates on a B2B on-demand model, has secured USD 17.3 million (Rs 145 crores) in a Series B funding round led by Asia Impact.

In addition to Asia Impact, for the Gurugram-based company, existing investors also participated in the funding round. Unitus Capital took on the exclusive financial advisory role for the transaction. The company plans to use the recently secured funds to expand its operations and enhance its technology.

Mukul Garg and Avi Jain, the founders of AGRIM, expressed their vision of establishing AGRIM as the preferred platform for agri-input retailers. They emphasised that the newly acquired funds will be directed towards further investments in technology and human resources to offer innovative digital solutions for the agri-inputs supply chain in India.

Established in 2020, the company had previously secured USD 10 million in a Series A round, with Kalaari Capital and other existing investors taking the lead.

According to the company, AGRIM currently provides over 30,000 stock-keeping units (SKUs) from 1,200 manufacturers to 25,000 retailers, catering to and educating 15 million farmers.

Based on data from Tracxn, AGRIM, which offers retail services for agricultural products and supports agri-input retailers, reported a revenue of Rs 159 crore for FY22-23, marking a significant increase from the Rs 65.1 crore reported in FY21-22.

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