Ayekart raises $6.5 Mn in Series A led by Omnivore

Agrifood fintech platform Ayekart has raised $6.5 million or about Rs 53 crore in its Series A round led by Omnivore, Siana Capital and Unleash Capital. 

The proceeds will be used to expand its operations nationwide and cater to a larger audience of FPOs (Farmer Producer Organizations), food manufacturers,  distributors, and retailers. 

Founded in December 2020 by Debarshi Dutta, Ashutosh Singh, and Milind Borgikar,, Ayekart provides fintech and supply chain solutions for traditional businesses in the agrifood value chain, boosting efficiency and convenience while preserving trust within the ecosystem. 

The startup claims to operate in 18 states, has over 9,000 active merchants on its platform, and has successfully facilitated more than 2.5 lakh transactions with over Rs 21 billion lifetime GTV (Gross Traded Value). 

The platform aligns with the government's objectives to bring the desired change in the SME, MSME, and retail segment by "Empowering the Traditional Business" and helping bring transparency and credibility to the entire ecosystem.