Agritech Startup Ergos Secures $10 Million In Funding Led By Norway’s Abler Nordic
Amount Raised
$10 Million
Round Type
Funding Round
BengaluruAgriculture and FarmingDescription
Agritech startup Ergos said on Friday that it has raised $10 million via a combination of equity and debt in a funding round led by Norway’s Abler Nordic, along with participation from existing investors Aavishkaar Capital, Chiratae Ventures and Trifecta Venture Debt Fund.Bengaluru-based Ergos digitises grain storage, helping farmers convert their grains into tradable digital assets and earn more by selling their produce at optimal times. It offers a buyer's platform linking farmers to markets, safe grain storage in warehouses, and access to affordable finance through partner lenders.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in Data ScienceVisitNorthwestern UniversityKellogg Post Graduate Certificate in Digital MarketingVisitIndian School of BusinessISB Product ManagementVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisit“There is a pressing need to revitalise agriculture by empowering farmers and catering to their needs at the farmgate. Ergos’ Grainbank platform enables farmers to take optimal decisions on sales/storage of their produce, access credit from banks as well as get access to competitive prices through planned liquidations,” said Kishor Jha, founder and chief executive of Ergos.How does it workErgos provides farmers access to storage services for eight-nine months after the harvest and the farmers can then access credit for up to 70% of their stored and digitised grain through a digital process with affordable interest rates from banking partners. Powered ByVideo Player is loading.Play VideoPlaySkip BackwardMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently behind liveLIVERemaining Time -0:00 1xPlayback RateChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions and subtitles off, selectedAudio TrackPicture-in-PictureFullscreenThis is a modal window.No compatible source was found for this media.Beginning of dialog window
Quick answer
Ergos raised $10 Million in a Funding Round round, dated September 22, 2023. Ergos is based in Bengaluru, Karnataka, India.
- How much did Ergos raise?
- Ergos raised $10 Million in a Funding Round round on September 22, 2023.
- What does Ergos do?
- GrainBank I AgFinTech | Market-Linkages I Buy Sell Borrow
- Where is Ergos based and how big is it?
- Ergos is based in Bengaluru, Karnataka, India.
- Who are the decision-makers at Ergos?
- Fundz holds 1 contact at Ergos. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Agriculture and Farming around the same time
Companies in the same sectors as Ergos that raised within 45 days of this round, from Fundz verified event records.
- Dreamfarm foods raised $5.4M (Funding Round) on November 6, 2023.
- Talus Renewables raised $22M (Series A) on November 2, 2023.
- Fibmold raised $10M (Funding Round) on November 2, 2023.
- Tupu raised $3.2M (Seed) on October 31, 2023.
- CarbonFarm Technology raised $2.7M (Seed) on October 27, 2023.
- TrueAlgae raised an undisclosed amount (Funding Round) on October 25, 2023.
Who to call at Ergos, and when
A new round usually means Ergos is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Ergos raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ergos, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Ergos. With Fundz connected, it knows.
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Fundz sees it the moment Ergos raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Ergos raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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