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
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Sectors
AgricultureRetail
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Email
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Phone
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Website
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Social
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- Legal Name Agribid Private Limited
- Date of Incorporation 20 Oct, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.46 M (USD)348.83as on Mar 31, 2024
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Net Profit
$66.03 K (USD)109.27as on Mar 31, 2024
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EBITDA
$178.77 K (USD)23.63as on Mar 31, 2024
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Total Equity Funding
$3.41 M (USD)
in 3 rounds
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Latest Funding Round
$3.03 M (USD), Series A
Jun 02, 2023
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Investors
India Accelerator
& 6 more
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $3.0M
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First Round
First Round
(04 Apr 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series A - Agribid | Valuation | East Bridge | |
| Nov, 2022 | Amount | Seed - Agribid | Valuation | Almas Capital |
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| Apr, 2022 | Amount | Angel Round - Agribid | Valuation | Deepak Sudan , Vivek Anand Oberoi |
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.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Startup acceleration, funding, and mentorship services are delivered by India Accelerator.
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Founded Year | Domain | Location | |
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Renewable energy M&A advisory services are provided by Almas Capital.
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Founded Year | Domain | Location |
Investments & Acquisitions by Agribid
Financial Statements - Agribid
Agribid Comparisons
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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Food industry ingredients are supplied via a B2B platform.
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| domain | founded_year | HQ Location |
Provider of food supply chain management and farming solutions.
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| domain | founded_year | HQ Location |
SaaS-based B2B solutions for food supply chains are provided.
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| domain | founded_year | HQ Location |
B2B platform offering vegetables and fruits
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| domain | founded_year | HQ Location |
B2B marketplace platform connecting retailers with brands and staples producers
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| domain | founded_year | HQ Location |
Local wholesale businesses are facilitated via an e-distribution platform.
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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. The company's 1st funding round was a Angel Round of $182.2K, raised on Apr 04, 2022.
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 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.