About Ergos
Ergos is a company based in Bengaluru (India) founded in 2012 by Praveen Kumar and Kishor Kumar Jha.. Ergos has raised $32.21 million across 9 funding rounds from investors including British International Investment, Abler Nordic and Aavishkaar Capital. Ergos offers products and services including Grainbank Platform, Farmer App, and Buyer App. Ergos operates in a competitive market with competitors including Hesa, TerraMagna, Degas, Techcoop and Tingo Group, among others.
- Headquarter Bengaluru, India
- Founders Praveen Kumar, Kishor Kumar Jha
- Stage Minicorn
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Sectors
Agriculture
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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 Ergos Business Solutions Private Limited
- Date of Incorporation 02 Apr, 2012
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$26.98 M (USD)64.82as on Mar 31, 2023
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Net Profit
$-2.87 M (USD)-3.37as on Mar 31, 2023
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EBITDA
$-2.53 M (USD)11.36as on Mar 31, 2023
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Total Equity Funding
$32.21 M (USD)
in 9 rounds
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Latest Funding Round
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Investors
British International Investment
& 6 more
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Employee Count
Employee Count
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Products & Services of Ergos
Ergos offers a comprehensive portfolio of products and services, including Grainbank Platform, Farmer App, and Buyer App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for digitizing grains and enabling storage and trading.
App for farmers to manage grain storage and sales transactions.
App for buyers to access grain supplies and process purchases.
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Funding Insights of Ergos
Ergos has successfully raised a total of $32.21M across 9 strategic funding rounds. 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 9
- Last Round Last Round
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Debt – Conventional - Ergos | Valuation |
investors |
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| Sep, 2023 | Amount | Series B - Ergos | Valuation | Abler Nordic | |
| Sep, 2022 | Amount | Series A - Ergos | Valuation | Trifecta Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ergos
Ergos has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include British International Investment, Abler Nordic and Aavishkaar Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investing in financial institutions for inclusion in Africa and Asia.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ergos
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ergos
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ergos Comparisons
Competitors of Ergos
Ergos 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 Hesa, TerraMagna, Degas, Techcoop and Tingo Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of fintech and agritech company to connect rural communities with urban businesses
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| domain | founded_year | HQ Location |
Provider of satellite imaging services for the agriculture industry
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| domain | founded_year | HQ Location |
Agricultural inputs for harvesting are supplied by Degas.
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| domain | founded_year | HQ Location |
Lending solutions for agriculture stakeholders are offered by Techcoop.
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| domain | founded_year | HQ Location |
Fintech and Agri-Fintech solutions are provided to rural communities globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ergos
Frequently Asked Questions about Ergos
When was Ergos founded?
Ergos was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Ergos located?
Ergos is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Ergos?
Kishor Kumar Jha is the current CEO of Ergos. They have also founded this company.
Is Ergos a funded company?
Ergos is a funded company, having raised a total of $32.21M across 9 funding rounds to date. The company's 1st funding round was a Series A of $134.71K, raised on Dec 01, 2014.
What is the annual revenue of Ergos?
Annual revenue of Ergos is $26.98M as on Mar 31, 2023.
What does Ergos do?
Ergos was founded in 2012 in Bengaluru, India, as a provider of a digital platform focused on grain storage and trading within the agritech sector. Grain is stored by farmers in scientifically managed warehouses, where it is converted into tradable digital assets. Access to credit from partner financial institutions is facilitated through the platform, supporting agricultural operations across India.
What products or services does Ergos offer?
Ergos offers Grainbank Platform, Farmer App, and Buyer App.
Who are Ergos's investors?
Ergos has 7 investors. Key investors include British International Investment, Abler Nordic, Aavishkaar Capital, Chiratae Ventures, and Trifecta Capital.
What is Ergos's valuation?
The valuation of Ergos is $51.53M as of Sep 2022.