Cross-border logistics platform Agraga raises Rs 70 Cr in Series A

Cross-border logistics platform Agraga has raised Rs 70 crore in its Series A round led by IvyCap Ventures with participation from Alteria.

The company aims to utilise the funds towards expansion across India from its current presence in 3 cities to over 15 cities by March 2024 and augment its technology stack to provide end-to-end solutions, Agraga stated in a press release.

Co-founded by Venkatesh Narayanaswamy and Anoop Raghavan in December 2021, Agraga is a logistics enterprise that leverages indigenous methodologies to deliver all-encompassing logistics solutions. Its range of services includes rail and road transport, ocean and air freight, warehousing, customs, insurance, and finance. The company’s ecosystem is fueled by robust data analysis, integrating partners, curating products, and optimising supply chains to provide bespoke and adaptable solutions that cater to the exclusive needs of every customer.

According to Agraga, it eliminates multiple intermediaries to deliver price discoverability, transparency, route optimisation, and better turnaround times digitally via its platform. It looks to empower MSMEs and enterprises with access to asset capacity and price discovery, along with visibility and execution solutions, enabling them to take their logistics operations to the next level.

Agraga claims to have a clientele of over 200 customers from the enterprise segment and MSMEs, and more than 500 connected partners, providing them with solutions in over 30 countries worldwide.