Agri-supply chain startup Bull Agritech raises $100K

Agri-supply chain startup Bull Agritech has raised $100,000 in a new funding round from Akassh Patel and Nilesh Bhalala (BuilditIndia founders), Shashin Patel (SCC Infrastructure, MD), and others. 

The startup has raised a total of Rs 1.5 crore in the last four months as part of the pre-seed round. 

Founded by  Hit Desai, Bull Agritech is an agri-supply chain startup focussed on creating a commodity supply chain by using technology and their network of farmers and commodity processors.

According to Bull Agritech, the funds will be used to expand into new regions, double the number of collection centers and broaden commodity portfolios. It will also onboard talent to drive operational efficiency and innovation. 

The startup claims to have facilitated trades worth Rs 35 crore in the last 24 months, with over 6,000 farmers choosing to sell their crops through Bull instead of relying on local APMCs. It reported 200% year-on-year growth, and is committed to sustaining 25% month-on-month growth.