Patna Based Agritech Startup Agrix Raises Undisclosed Funding From Maple Capital Advisors

Patna Based precision and digital farming startup Agrix raises undisclosed funding from Maple Capital Advisors and other investors.

Agrix intends to utilize the capital to scale existing operations and further strengthen its operations and technology platform.

“Abhinav Grover, Director at Maple Accelerator, and Samarth Agrawal, Founder of MaxWholesale, also participated in this round. Pankaj Karna, Founder and CEO of Maple Capital Advisors, will join the board of the company,” a statement said.

Startup Agrix Founders

Founded in June 2020 by Nilay Pandey, Saurav Singh, and Vivek Kumar– all of whom hail from farming households in Bihar. Nilay has a a PhD from IIT-Delhi, and also his co-founders Saurav and Vivek, are engineers.

“With this investment, We’ll be able to cover at least 6,000 acres of fragmented farms, providing farming services (machinery and inputs) and promote linkages, and incorporating sophisticated technology with additional scale-up,” Pandey said

The startup focusses on farming-as-a-service (covering farm machinery and agri input services) and provides market linkages, especially for fragmented farm owners.

Agrix App will shortly be available on mobile net and users may also get into the platform through www.agrixagro.com.

Commenting on the investment, Pankaj Karna, Managing Director of Maple Capital Advisors, stated,”We’re thrilled to partner with Dr. Nilay and the team at Agrix. Their passion and dedication to return to the fragmented farmer and vision on technologies motivated us to associate, invest, and help accelerate their business program. We think the market is huge and a few have the lineage and motivation to create a difference at the bottom level, as we have observed within this team. The business has quite solid unit economics at the cluster level too.”

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