Total amount raised
₹700 Million
Latest funding date
05/01/2023
Location
Agraga has successfully raised funding over two rounds, with the latest being a Series B round. The company is backed by investors including Bajaj Finserv and IvyCap Ventures.
Keep reading to explore the intricacies of Agraga's fundraising journey and the investors supporting this innovative logistics platform.
What Is Agraga?
Agraga, founded in 2021, is a digital logistics platform based in Alwarpet, Tamil Nadu, India. The company operates in the industries of infrastructure, logistics, supply chain management, and transportation.
With a workforce of 101-250 employees, Agraga aims to simplify cross-border logistics by connecting asset holders. The platform offers a range of services, including ocean and air freight, warehousing, embedded finance, and customs broking, ensuring seamless and efficient logistics solutions.
How Much Funding Has Agraga Raised?
- Series A
- Amount Raised: $8.51 million
- Date: May 2023
- Lead Investors: IvyCap Ventures, Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations from three cities to over 15 cities by March 2024 and enhance the technology stack for end-to-end logistics solutions.
- Series B
- Amount Raised: $12.2 million
- Date: November 2025
- Lead Investors: Bajaj Finserv
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance technological capabilities for global logistics solutions.
Total Amount Raised: $20.71 million. Current Valuation: Not publicly disclosed.
Key Investors
- Bajaj Finserv
- Details: Bajaj Finserv is a prominent financial services company in India, offering a range of products including loans, insurance, and wealth management. It is a part of the Bajaj Group, one of India's oldest and largest conglomerates.
- Investment Focus Areas: Financial services, insurance, wealth management
- Notable Investments: Not publicly disclosed
- IvyCap Ventures
- Details: IvyCap Ventures is a venture capital firm that focuses on investing in early to growth-stage startups in India. The firm leverages its extensive network of industry experts and entrepreneurs to support its portfolio companies.
- Investment Focus Areas: Technology, healthcare, education, consumer services
- Notable Investments: Purplle, Clovia, Biryani By Kilo
- Alteria Capital
- Details: Alteria Capital is a venture debt fund that provides structured debt solutions to high-growth startups in India. The firm focuses on supporting companies with strong business models and growth potential.
- Investment Focus Areas: Technology, consumer, healthcare, financial services
- Notable Investments: Dunzo, Lendingkart, Rebel Foods
What's Next for Agraga?
Agraga's future is brimming with opportunities as it plans to expand its operations from three cities to over 15 cities by March 2024. This expansion will allow the company to tap into new markets, particularly in the ISC and SEA regions, and strengthen its position in the cross-border and contract logistics domain. Enhancing its technology stack to offer end-to-end logistics solutions globally will be crucial in achieving these goals.
With the logistics industry increasingly focusing on digital transformation, Agraga is well-positioned to attract further investment. The company's ability to integrate various asset partners and provide seamless logistics solutions makes it an attractive prospect for investors. Future fundraising rounds could support its aggressive expansion plans and technological advancements, ensuring it remains competitive in a rapidly evolving market.
However, Agraga will face challenges such as managing rapid expansion, integrating with multiple asset partners, and competing with established logistics providers. Navigating regulatory and compliance requirements in different regions will also be critical. Despite these hurdles, Agraga's strategic vision and robust technology platform position it well for continued growth and success.
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