ENA Sectors 2024-04-04 14:31:55 <p><span style="font-size:14px"><strong>New Delhi, Apr 4 (KNN)</strong> ONO, an innovative agri-tech company, has successfully closed its seed funding round, securing a whopping Rs 11 crore in investment.</span></p> <p><span style="font-size:14px">The funding round was led by Aeravti Ventures, with participation from Indigram Labs.</span></p> <p><span style="font-size:14px">This significant investment will contribute towards empowering the agricultural supply chain by creating inclusive economic growth opportunities for farmers and ecosystem players across India's vast APMC/MANDI network.</span></p> <p><span style="font-size:14px">The company aims to leverage cutting-edge technology to augment the country's agriculture tech-stack.</span></p> <p><span style="font-size:14px">ONO has developed a data-driven digitisation platform to address critical pain points within the agricultural ecosystem, including access to formal credit, price intelligence, market discovery, and operational inefficiencies.</span></p> <p><span style="font-size:14px">Commenting on the funding, Rama Rao Kancharapu, Founder and CEO of ONO, expressed confidence in the company's ability to scale its platform and build a sustainable business that creates tangible impact.</span></p> <p><span style="font-size:14px"> We have seen an unprecedented acceptance of our products in Mandis, and we are confident in our ability to scale our platform and build a sustainable business that creates tangible impact, he said.</span></p> <p><span style="font-size:14px">Rishabh Singh, Managing Partner at Aeravti Ventures, highlighted the firm's focus on India's agriculture ecosystem and their belief in the transformative power of technology to address systemic challenges.</span></p> <p><span style="font-size:14px"> Doubling down on India's agriculture ecosystem has been a key focus for us. We believe in the transformative power of technology to address systemic challenges, he stated.</span></p> <p><span style="font-size:14px">ONO currently operates in six states across 45+ APMCs/MANDIs, with over 30,000 partners onboarded and transactions spanning seven commodities, demonstrating the company's rapid growth and adoption within the agricultural sector.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37288 https://knnindia.co.in/news/newsdetails/sectors/agri-tech-startup-ono-raises-rs-11-cr-in-seed-funding-round 2024-04-04 14:31:55 knnindia.co.in