Agritech startup Agrowave has raised $2 million in Pre-Series A funding from Aroa Ventures, the family office of Oyo founder Ritesh Agarwal. Agrowave is building a supply-driven farm-to-market mobility supply chain with a focus on first-mile logistics and trades supply through an integrated network of mobile pickup stations. T
Agrowave, a Gurugram-based agritech firm, was founded in 2017 with the goal of constructing 40,000 mobile pickup stations (MPS) at farm gates to procure directly from farmers. Agrowave has significantly scaled and reached gross merchandise value (GMV) of approx. 15 Cr, volume approx. 8000 tonnes by operating in 150+ villages after pivoting to the farm-to-mandi market place model.
Speaking on the funding, Hemendera Mathur, Advisor, Agrowave said, “Agrowave is solving a unique problem of connecting farmers with traders and buyers, in the first mile from farm to mandi. This is a hugely scalable model, with application of technology. This round of funding is a testimony of the potential and team’s ability to deliver on it”