Agribid

Mumbai, India Founded: 2020 • Age: 6 yrs
Cloud-based B2B marketplace for agricultural product bidding is provided.
Annual revenue $1.5M Latest available
Total funding $3.4M 3 rounds
Employees 1 Tracked headcount
Investors 7 Known backers
Products - Services tracked
Competitors 11 Brand Intelligence

About Agribid

Agribid is a company based in Mumbai (India) founded in 2020 by Ashutosh Mishra, Manoj Ramappa Suvarna, and Chetan Ramappa Suvarna. Agribid has raised $3.41 million across 3 funding rounds from investors including India Accelerator, East Bridge and Almas Capital. The company has 1 employees as of March 28, 2024. Agribid operates in a competitive market with competitors including HyperPure, WayCool, FarMart, Ninjacart and Jumbotail, among others.

  • Headquarter Mumbai, India
  • Employees 1 as on 28 Mar, 2024
  • Founders Ashutosh Mishra, Manoj Ramappa Suvarna, Chetan Ramappa Suvarna
  • Stage Minicorn
  • Sectors
    Agriculture
    Retail
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
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  • Legal Name Agribid Private Limited
  • Date of Incorporation 20 Oct, 2020
  • Jurisdiction Mumbai, Maharashtra, India
Operational Areas
Agriculture → Agricultural Technology & Innovation Unlock Sub-Sector Unlock Segment
Retail → E-Commerce Platforms & Marketplaces Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $1.46 M (USD)
    348.83
    as on Mar 31, 2024
  • Net Profit
    $66.03 K (USD)
    109.27
    as on Mar 31, 2024
  • EBITDA
    $178.77 K (USD)
    23.63
    as on Mar 31, 2024
  • Total Equity Funding
    $3.41 M (USD)

    in 3 rounds

  • Latest Funding Round
    $3.03 M (USD), Series A

    Jun 02, 2023

  • Investors
  • Employee Count
    1

    as on Mar 28, 2024

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Funding Insights of Agribid

Agribid has successfully raised a total of $3.41M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.03 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Agribid

Agribid has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include India Accelerator, East Bridge and Almas Capital.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
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Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
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Renewable energy M&A advisory services are provided by Almas Capital.
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Investments & Acquisitions by Agribid

Investments
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Investment portfolio details for Agribid

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Financial Statements - Agribid

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Detailed financials for Agribid

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Agribid Comparisons

Agribid Primary company
Description
Cloud-based B2B marketplace for agricultural product bidding...
Location
Mumbai, India
Founded Year
2020
Annual Revenue
$1.46 M (USD)
Net Profit
$66.03 K (USD)
EBITDA
$178.77 K (USD)
Employees
1
As of 2024
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Peer comparison for Agribid

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Competitors of Agribid

Agribid operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HyperPure, WayCool, FarMart, Ninjacart and Jumbotail, among others.

Company Name Domain Founded year HQ Location Description
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Food industry ingredients are supplied via a B2B platform.
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Provider of food supply chain management and farming solutions.
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SaaS-based B2B solutions for food supply chains are provided.
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B2B platform offering vegetables and fruits
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B2B marketplace platform connecting retailers with brands and staples producers
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Local wholesale businesses are facilitated via an e-distribution platform.
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Detailed competitors of Agribid

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Latest news on Agribid

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Complete news archive for Agribid

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Frequently Asked Questions about Agribid

Agribid was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Agribid is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Ashutosh Mishra is the current CEO of Agribid. They have also founded this company.

Agribid is a funded company, having raised a total of $3.41M across 3 funding rounds to date.

As of Mar 28, 2024, the latest employee count at Agribid is 1.

Annual revenue of Agribid is $1.46M as on Mar 31, 2024.

Agribid was founded in 2020 in Mumbai, India, as a provider of a cloud-based business-to-business platform focused on agricultural commodities. Sellers are enabled to post products with quoted prices, while buyers place bids on available items such as vegetables, pulses, and seeds. Operations facilitate trading through an online bidding system, serving the agricultural sector across India.

Agribid's top competitors include FarMart, WayCool and HyperPure.

Agribid has 7 investors. Key investors include India Accelerator, East Bridge, Almas Capital, Deepak Sudan, and Manoj Krishna Shukla.

The valuation of Agribid is $62.32M as of Jun 2023.

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