Bengaluru-based BigHaat has raised over $2 million in pre-Series A funding round led by Japanese investor Beyond Next Ventures. The startup will use the funds to scale its data and technology. The company is going to be hiring across various departments in its business, and aims to engage over 10 million farmers across India over the next 24 months.
“I predict that in the next two-to-three years, every family will have at least one smartphone. That will be a game-changer for digital platforms, making technology accessible to farmers.”Co-founder of BigHaat, Sachin Nandwana, said in a press release
Rockstud Capital, BigHaat’s existing investor Ankur Capital, and angel investors are participated in the current funding round.
BigHaat is founded in 2015 by Sateesh Nukala and SachinNandwana, is an agri-inputs ecommerce player. The duo was inspired by their agriculture family background and decades of experience developing technology and products at MNCs.
BigHaat’s mission is to digitise the agriculture inputs ecosystem and empower farmers with access to high-quality agriculture inputs. It leverages science, data and technology to provide data-led crop advisory to farmers.
“The traditional agri-inputs supply-chain is a broken experience, causing financial distress for the farmer. Technology can address this serious problem and transform a farmer’s pre-harvest journey into a profitable one.”Sateesh Nukala, CEO of BigHaat
BigHaat is a digital platform currently engages over 3 million farmers across India. BigHaat’s platform provides farmers with omni-channel access to advisory and products. It achieves this through digital touch-points (mobile app/web), a missed call for non-internet users, and feet-on-street presence. It offers vernacular advisory for rural users in multiple regional languages.
“BigHaat is using its technology to build and enable the agri-supply chain in India by connecting farmers with quality suppliers. We are excited to support BigHaat to become India’s largest digital ecommerce platform in the agriculture sector in the near future. We look forward to partnering with existing and new investors and leveraging their expertise on the journey forward.”Tsuyoshi Ito, CEO, and Akito Arima, Agri/FoodTech Lead Capitalist, Beyond Next Ventures