AyeKart Fintech
Financials
Estimates*
USD | 2021 | 2023 |
---|---|---|
Revenues | <1m | 9.0m |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $750k | Seed | |
* | $2.8m | Seed | |
* | $2.8m | Debt | |
* | $6.5m | Series A | |
Total Funding | €9.1m |
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Recent News about AyeKart Fintech
EditAyekart is a digital platform that is transforming traditional business networks in the food and agri value chain. It empowers farmers, food processors, millers, traders, exporters, MSMEs, and local manufacturers by providing access to finance and other value added services. Ayekart aggregates demand for agri produce and arranges for supply through FPOs and FPCs, and helps grow markets for MSMEs and local manufacturers by enabling distribution through its network of distributors and retailers.
Ayekart is making a difference in the industry by providing services to a wide range of stakeholders, from farmers to food processors, and helping them access finance and other value added services. It is estimated that there are over 600 million people in agriculture in India, and over 63 million MSMEs, with a credit gap of over INR 2.2 trillion. Ayekart is helping to bridge this gap and deliver steady growth for its partners and investors, with a gross traded value of INR 2.3 trillion and metric tons of goods traded in FY23.