HT Syndication
Lucknow (Uttar Pradesh) [India], July 14: Gramik, a fast-growing agritech startup transforming rural commerce through its innovative Peer Commerce model, has raised ₹17 crore in a bridge funding round through a mix of Optionally Convertible Debentures (OCDs) and Compulsorily Convertible Debentures (CCDs). This round comes ahead of its ₹56 crore Series A raise, reflecting strong investor confidence in Gramik’s mission to uplift India’s 120 million small and marginal farmers.
The current round saw participation from a diverse and influential group of investors including: Samman Global Ventures, Money Creeper Investment, Mr. Balram Yadav, MD & CEO of Godrej Agrovet and a respected veteran of the agri industry, Gev Aryaton, a Dubai-based entrepreneur, Mr. Irfan Alam, social entrepreneur, Nikhil Bhagat, Bollywood veteran and Salvia Siddiqui-social impact investor.
Founded by Raj Yadav, Gramik has built a dual-channel rural distribution platform enabling last-mile access to high-quality agri-inputs through a network of Village-Level Entrepreneurs (VLEs) and rural retailers.
For Media Inquiries:
info@gramik.in
www.gramik.in
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