Amount Raised
$2.1 Million
Round Type
Seed
Description
Agritech startup Hectar Global has raised $2.1 million in a seed funding round led by Powerhouse Ventures. The round also saw participation from WEH ventures, All In Capital, Indian Silicon Valley, and angel investors Anant Sarda and Adhish Ladha, the company said in a statement Wednesday.The Chennai-based business-to-business cross-border agri-commodity procurement platform was founded by National University of Singapore alumni Srinath Srinivasan, Sibhi Kumaran and Aswath Balaji. It helps food buyers worldwide to purchase container volumes of agri-commodities with e-commerce level convenience, the statement added.“We have maintained a strong emphasis on operating profitably right from our inception. Our internal accruals have taken care of all operating expenses so far and we are primarily viewing this capital infusion, and future equity rounds, to rapidly expand into new geographies, and strengthening our digital infrastructure,” Srinath Srinivasan, CEO of Hectar Global, said.Targeting the global agri-commodities trade of over $3 trillion annually, Hectar Global digitises cross-border supply chain processes using data models and machine learning algorithms to provide real-time market information and actionable insights
Quick answer
Hectar Global raised $2.1 Million in a Seed round, dated July 12, 2023.
- How much did Hectar Global raise?
- Hectar Global raised $2.1 Million in a Seed round on July 12, 2023.
- What does Hectar Global do?
- Hectar Global is a fast growing Agri Tech startup that transforms the way Agri commodities are procured cross-border.
Source: Fundz verified event record.
Who else raised in Venture Capital and Angel Investment around the same time
Companies in the same sectors as Hectar Global that raised within 45 days of this round, from Fundz verified event records.
- Endor Labs raised $70M (Funding Round) on August 3, 2023.
- Squake raised $3.8M (Seed) on June 21, 2023.
- iAM Compliant raised $1.8M (Seed) on June 19, 2023.
- Neem raised $2M (Seed) on June 30, 2023.
- QLOG raised an undisclosed amount (Seed) on June 27, 2023.
- elba raised $2.7M (Seed) on June 6, 2023.
Who to call at Hectar Global, and when
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Hectar Global 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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