Bijak, a B2B platform for agricultural commodities, on Friday said it has raised USD 12 million (Rs 91 crore) from investors including RTP Global to enhance its technology team and roll out new features.
In the Series-A round, led by RTP Global, the company said that its existing investors Omnivore, Omidyar Network India, Sequoia Capital India's Surge, and Better Capital also participated.
Bijak previously raised a USD 2.5 million Seed round in December 2019 from Omnivore, Omidyar Network India, Surge, and Better Capital.
Gurugram-based Bijak is a platform that gives agricultural commodity buyers and sellers better prices, increased working capital, and optimised logistics.
It aims to bring accountability and transparency into the agricultural value chain through a buyer/seller rating system, and enables traders, wholesalers, and food processors to discover new and reliable trade partners.
Commenting on the fund-raising, Nukul Upadhye, Co-Founder of Bijak, said, "This funding would help us scale our technology team and roll out new features."
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