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, according to a report by Entrackr. 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.
