Aqgromalin, an agritech platform for animal husbandry and aquaculture ecosystem, has raised $5.25 million in its pre series A round from Sequoia Capital India’s Surge and Venture funds, Omnivore Partners India and Zephyr Peacock India. The round had received strong investor interest and was reportedly oversubscribed.
Founded in October 2020 by Bharani CL and Prasanna Manogaran, Aqgromalin provides a data-backed, traceable, supply chain to farmers, butchers, meat companies and exporters for their poultry, seafood and livestock needs.
The startup claims to have recorded a 10-folds revenue growth in the last 6 months, and has over 300,000 farmers and micro-entrepreneurs on their platform. Its AQAI platform enables farmers to access quality inputs delivered to the farm-gate, giving them a wider choice of species, and transparent pricing.