# KrishiAcharya Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/krishiacharya-technologies-private

- Industry: Internet
- Headquarters: Gurugram, India
- Website: www.bijak.in
- Total disclosed funding: $36M
- Latest round: Series B (Jan 20, 2022)
- Investors on record: 11

## About

KrishiAcharya Technologies Private Limited operates an agritech platform aimed at enhancing grain trading and agricultural supply chains in India, offering innovative solutions for farmers and suppliers.Founded in 2019, KrishiAcharya Technologies Private Limited is based in Gurugram, India. The company specializes in agritech solutions, focusing on improving grain trading and agricultural supply chains. The founders include Abhishek Dabi, Daya Rai, Jitender Bedwal, Mahesh Jakhotia, Nikhil Tripathi, Nukul Upadhye, and Vivek Arya, with Nukul Upadhye currently serving as CEO. The company has completed 4 funding deals, with the most recent being a Series B round on January 20, 2022, where it raised INR 1.442 billion from investors including Bertelsmann India Investments, Better Capital, Omidyar Network India, RTP Global, and Sequoia Capital. The total amount raised by the company stands at INR 1.442 billion, and its current valuation is INR 726.662 billion.Bijak is a comprehensive agritech platform focused on transforming grain trading and agricultural supply chains in India. The company's core offerings include Bijak Vyapaar, enhancing grain trading efficiency; Bijak Mandi, connecting fresh produce suppliers with major market hubs; and Bijak Global, facilitating access to international markets for Indian agricultural products. The Just Fresh service delivers premium fruits and vegetables to quality-conscious consumers, addressing critical pain points in the agricultural ecosystem such as market access, supply chain inefficiencies, and product quality. Bijak serves a diverse client base comprising farmers, wholesalers, retailers, and consumers primarily in India, while also working to bridge Indian agriculture with global markets.In the most recent financial year 2023, KrishiAcharya Technologies reported revenue of INR 100,550,686.5 with an EBITDA of INR -5,549,133.8. The company generates revenue through a structured transaction model involving partnerships and B2B engagements, allowing seamless trading experiences between farmers, suppliers, and retailers. Its revenue model is centered around transaction fees, subscription plans, and partnerships that facilitate agricultural exchanges, particularly enhancing efficiency in grain trading and fresh produce delivery.Following the Series B funding raised in January 2022, KrishiAcharya Technologies intends to utilize the INR 1.442 billion to expand its operations and fulfill long-term capital requirements. The company plans to develop new products aimed at enhancing its platform capabilities and intends to expand its service offerings into new geographic regions to reach a broader client base. Specific details about target markets or release dates for new products have not been disclosed.

## Funding rounds

- Series B, Jan 20, 2022, $19M — Hong Shan, Better Capital, RTP Global, Bertelsmann India Investments, Omidyar Network India
- Series A, Apr 20, 2020, $12M — Omnivore, RTP Global, Omidyar Network, SURGE Ventures, Tempo Ventures, On Mauritius, ALTE LEIPZIGER - HALLESCHE
- Seed, Dec 17, 2019, $2.5M — Hong Shan, Better Capital, Omnivore, Omidyar Network
- Seed, Oct 15, 2019, $2.1M — Hong Shan, Better Capital, Omidyar Network

## Investors

- Hong Shan — Seed, Series B
- Better Capital — Seed, Series B
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Seed, Series A
- Omnivore (https://capitalatlas.ai/funds/omnivore) — Seed, Series A
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series A, Series B
- SURGE Ventures (https://capitalatlas.ai/funds/surge-ventures) — Series A
- Tempo Ventures (https://capitalatlas.ai/funds/tempo-ventures) — Series A
- On Mauritius — Series A
- ALTE LEIPZIGER - HALLESCHE — Series A
- Bertelsmann India Investments (https://capitalatlas.ai/funds/bertelsmann-india-investments) — Series B
- Omidyar Network India (https://capitalatlas.ai/funds/omidyar-network-india) — Series B