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Founded
2020
Headquarters
Bengaluru (India)
Status
Series C
Company Details
Vegrow, India's leading B2B fruits marketplace was established in 2020 by IIT alumni. Vegrow has established a strong presence in the fruits segment in India, which is a large, unorganised market that is poised for tech-led disruption due to its fragmented and localised operational structure and is characterised by the involvement of multiple intermediaries facilitating transactions. The company maximises farmers’ income, by accurately grading produce and efficiently matching it with the most suitable demand channel. This creates a virtuous cycle, attracting more farmers through competitive pricing as well as more buyers, who seek consistency in both price and quality.
Quality Consistency & Reliability
Vegrow's system guarantees consistent quality and pricing, attracting a growing network of satisfied buyers seeking reliability.
Strong Farmer Network
With a widespread network of farmers across the country, Vegrow ensures a consistent and diverse supply of quality produce, fostering a strong community of agricultural partners.
Advanced Matchmaking Technology
Utilizing cutting-edge tech, Vegrow expertly matches produce with the most suitable demand channels, optimizing sales and satisfaction for both farmers and buyers.
Key Metrics
Total Equity Funding
$86.5Million
No. of Funding Rounds
5
Latest Funding Round
$46.0Million, Series C
as of December 1, 2023
Post Money Valuation
$280Million
as of April 18, 2024
Funding Multiple
-
as of N/A
Investors
GIC
and 9 moreEmployee Count
888
Similar Companies
Rozana
Exit Details
N/A
All Funding Rounds
| Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
|---|---|---|---|---|---|---|
| December 1, 2023 | Series C | $46.0Million | $280.0Million | $46.5Million | - | GIC, Prosus, Elevation Capital, Lightspeed Venture Partners, Lathe Investment, Z47, Naspers ,Avendus |
| November 1, 2022 | Series B | Undisclosed | - | $30.8Million | - | Draper University |
| July 11, 2022 | Series B | $25.0Million | $167.0Million | $22.3Million | 6.6x | Prosus, Elevation Capital, Ankur Capital, Naspers, Lightspeed India, Z47 |
| July 20, 2021 | Series A | $13.0Million | $47.7Million | $5.7Million | 5.5x | Elevation Capital, Lightspeed India, Ankur Capital, Better Capital, Titan Capital, Z47, Lightspeed Venture Partners , Wellfound, Angel List,INDUSLAW, Sahai & Co |
| May 15, 2020 | Seed | $2.5Million | $7.8Million | - | - | Ankur Capital, Z47, Titan Capital, Better Capital, Capier Investments ,Wellfound, Sprout Capital Advisors, AngelList |