How Much Did Hesa Raise? Funding & Key Investors

Hesa has successfully raised an undisclosed amount over 6 funding rounds, with the latest being a Venture - Series Unknown round. The company is backed by 19 investors, including notable names like THE GAIN and Angel Scions.

Hesa's platform integrates technology with rural commerce, aiming to serve the vast rural market in India. Keep reading to explore the intricacies of Hesa's fundraising journey and the investors backing this innovative platform.

What Is Hesa?

Hesa is a private company based in Secunderabad, Andhra Pradesh, India, operating in the fintech and agritech sectors. The company employs between 11 and 50 people and aims to connect rural and urban India through a phygital (physical + digital) platform.

Hesa leverages a network of village-level entrepreneurs, known as Hesaathis, to facilitate last-mile implementation, ensuring rural consumers have access to quality products and services. The company is involved in multiple industries, including AgTech, B2B, Consumer, and Supply Chain Management.

How Much Funding Has Hesa Raised?

1. Pre-Seed Round
   • Amount Raised: USD 100,000
   • Date: March 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart operations and develop the initial platform.
2. Non-Equity Assistance
   • Amount Raised: Not publicly disclosed
   • Date: January 2020
   • Lead Investors: T-Hub
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To receive support and resources without diluting equity.
3. Seed Round
   • Amount Raised: USD 2,000,000
   • Date: June 2021
   • Lead Investors: Venture Catalysts
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To establish and grow initial operations.
4. Grant
   • Amount Raised: USD 450,000
   • Date: October 2021
   • Lead Investors: National Bank for Agriculture and Rural Development
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To upskill women self-help groups in Odisha.
5. Seed Round
   • Amount Raised: USD 2,300,000
   • Date: June 2022
   • Lead Investors: Venture Catalysts
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand into new geographies and strengthen tech infrastructure.
6. Series Unknown
   • Amount Raised: Not publicly disclosed
   • Date: January 2024
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further scale operations and enhance service offerings.

Total Amount Raised: USD 4,850,000

Current Valuation: Not publicly disclosed

Key Investors

• Venture Catalysts
  • Details: Venture Catalysts is a leading early-stage investment firm in India, known for its extensive network and support for startups. It has been instrumental in providing capital and strategic guidance to numerous early-stage companies.
  • Investment Focus Areas: Early-stage startups, various sectors.
  • Notable Investments: Not explicitly mentioned.
• National Bank for Agriculture and Rural Development (NABARD)
  • Details: NABARD is an apex development financial institution in India, focusing on the upliftment of rural areas through financial and developmental support. It plays a crucial role in the implementation of various government schemes aimed at rural development.
  • Investment Focus Areas: Agriculture, rural development, financial inclusion.
  • Notable Investments: Not explicitly mentioned.
• T-Hub
  • Details: T-Hub is an innovation intermediary and business incubator based in Hyderabad, India. It supports startups by providing access to mentors, investors, and industry experts.
  • Investment Focus Areas: Technology, innovation, startups.
  • Notable Investments: Not explicitly mentioned.
• Faad
  • Details: Faad is an investment network that provides funding and mentorship to early-stage startups. It aims to support high-growth potential startups through strategic investments and guidance.
  • Investment Focus Areas: Early-stage startups, high-growth potential sectors.
  • Notable Investments: Not explicitly mentioned.
• Inflection Point Ventures (IPV)
  • Details: IPV is a platform that connects investors with startups, providing capital and strategic support. It focuses on early-stage investments across various sectors.
  • Investment Focus Areas: Early-stage startups, various sectors.
  • Notable Investments: Not explicitly mentioned.

What's Next for Hesa?

Hesa's future looks promising as it plans to expand into new geographies and strengthen its tech infrastructure. With the Indian ecommerce sector projected to grow significantly, Hesa is well-positioned to tap into this burgeoning market. The company aims to leverage the increasing internet penetration in rural areas to offer a wider range of services and products, thereby enhancing its market presence.

Future fundraising opportunities appear bright, with potential for further investment rounds to support its expansion and product development. Hesa's ability to attract more investors will be crucial as it scales its operations. However, the company may face challenges such as competition from other rural commerce startups and ensuring the reliability of its tech infrastructure. Navigating the diverse and fragmented rural market in India will also be a significant hurdle.

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