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.
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.
People of Ergos
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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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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.
| 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 |
Investments & Acquisitions by Ergos
Financial Statements - Ergos
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.
| 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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Frequently Asked Questions about Ergos
Ergos was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Ergos is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Kishor Kumar Jha is the current CEO of Ergos. They have also founded this 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.
Annual revenue of Ergos is $26.98M as on Mar 31, 2023.
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.
Ergos offers Grainbank Platform, Farmer App, and Buyer App.
Ergos has 7 investors. Key investors include British International Investment, Abler Nordic, Aavishkaar Capital, Chiratae Ventures, and Trifecta Capital.
The valuation of Ergos is $51.53M as of Sep 2022.