Agritech startup Agrizy has secured $5 million (Rs 41 crore) in a debt funding round from SBI, Yes Bank, Vivriti Capital, and other undisclosed financial firms.

The Bengaluru-based startup will use the fresh funds to develop its technological stack, improve processing capabilities and expand within India and overseas.

Founded in 2021 by Vicky Dodani and Saket Chirania, Agrizy connects processors and buyers of non-perishable farm products across both food and non-food categories like jute, oilseeds, cereals, pulses, and others to discover and fulfill transactions.

Last year, Agrizy raised seed funding of USD 4 million led by Ankur Capital, with participation from Omnivore and a clutch of angel investors.

Agritech Startup Agrizy Raises $5 M From SBI, Yes Bank, Others

Last year, Agrizy raised seed funding of USD 4 million led by Ankur Capital, with participation from Omnivore and a clutch of angel investors