Agrifood Fintech Startup Ayekart Raises USD 6.5 Mn in Series A

Mumbai-based agrifood fintech startup Ayekart plans to utilize the investment to enhance its technological capabilities and extend its operations nationwide.

Ayekart has announced raising USD 6.5 million in a Series A round led by Omnivore, Siana Capital, and Unleash Capital.

The startup aims to use the raised capital to expand its operations nationwide and cater to a larger audience of FPOs, food manufacturers, distributors, and retailers.

Founded in December 2020, Ayekart provides fintech and supply chain solutions for traditional businesses in the agrifood value chain. With over 9,000 active merchants on its platform, the startup claims to be operating in 18 states and to have facilitated over 2.5 lakh transactions with over INR 21 billion lifetime GTV.