Argizy secures $5 million in debt funding

Agrifood processing company Agrizy has secured debt funding of $5 million from SBI, Yes Bank, Vivriti Capital, and other financial institutions which will be used to enhance its technological capabilities, strengthen its processing capabilities, and expand its reach to more agrifood processing SMEs in India, and large agrifood buyers in domestic and international markets.

Since its inception, Agrizy has been on a mission to drive growth in the agrifood processing market in India. The company is aiming to provide cutting-edge agritech solutions to the country's agrifood processing market, estimated to be worth $400 billion.

Agrizy offers customized solutions designed to address the needs of the processed agrifood value chain. Its digital B2B Platform enables agrifood processors to procure pre-processed and semi-processed agrifood products, providing end-to-end fulfillment services through quality assurance, logistics, and payment offerings. It also provides custom-processed agrifood products supply for large agrifood processors and brands, increasing capacity utilization and profitability for SME processors. Additionally, Agrizy's fintech services provide working capital for processors from formal lenders at competitive rates.