Agritech Startup Nimble Growth Organics Raises Undisclosed Seed Funding
Agritech startup Nimble Growth Organics has raised undisclosed seed funding with participation from industry veterans like DVR Rajiv Mohan (Vice President, ITC Agri-Business Division), founders of Vedantu, Udyan Tea, Siply, Goal Teller, and Ellenbarrie.
Many other executives of corporates like KPMG, Blackrock, EY, Proptiger, ITC, Kenwell Pharma, Salarpuria, etc., also participated in the funding round. Nimble Growth Organics is backed by HNIs, CXOs, and founders of unicorn startups from India, Singapore, and the UAE.
As per the startup, the raised funds will be used for future expansion into new geographies, hiring extensively in technology, sales, and marketing functions.
Nimble Growth Organics
Started by Nagendra Kalkuli, Rahul Saria, Abhisek Bhagchandka, and Pradeep Kumar ML in 2017, Nimble Growth Organics is a new age agritech startup that, via its proprietary package of practice (PoP), cultivates organic fruits & vegetables.
Ensuring authentic food reaches consumers’ plates, the startup is primarily engaged in the business production & supply of organic F&V and provides consultancy services in farming, including marketing and research around farm produce.
Speaking on the development, Rahul Agarwal, CFO at Near.co, an angel investor since 2017, who re-participated in this funding round, said,
“NimbleGrowth team has come a long way, and it has been an amazing experience to see them grow over the past few years. The founding team brings the right balance of social and business entrepreneurship, and I am sure they will play a big role in India’s organic food revolution.”
Claims to be building India’s first organic production focused traceability application, Nimble Growth Organics, at present, works with 280+ farmers across Karnataka.
The agritech startup deals in 85+ SKUs, and in the last six months, the startup has doubled its volume (~200 tonnes per month on an average), with an ARR of over Rs 10 crore. Catering to Bengaluru and Hyderabad market presently, the startup plans to expand soon.
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