About Veg Route
Veg Route is an Agriculture company based in Chennai (India) founded in 2020. Producer and supplier of vegetables. Veg Route has raised $1.41 million across 3 funding rounds from investors including Vegrow, Ravi Shankar Kathirvelu and Mohan K. Its Indian entity Veg Route Agri Tech Private Limited reported revenue of ₹18 Lakh. Its focus areas include Food and Agriculture, Services for Crop Farming and Diversified.
Company details
Veg Route was established in 2020 in Chennai, India, focusing on the agriculture sector. Vegetables are produced and supplied by the company, with operations centered on sourcing, processing, and distribution. Services include direct supply to retailers and wholesalers within the region. The domain vegroute.com supports online inquiries and transactions. Activities are conducted primarily in southern India, emphasizing local vegetable varieties.
- Headquarters Chennai, India
- SectorsAgriculture
- Email••••••••
- Phone•••• ••••
- Website vegroute.com
- Social LinkedIn Facebook
- Legal Name Veg Route Agri Tech Private Limited
- Date of Incorporation 12 Nov, 2020
- Jurisdiction Coimbatore, Tamil Nadu, India
- Annual Revenue₹18 Lakh
FY 2022
- Net Loss-₹51.1 Lakh
FY 2022 · -284% margin
- EBITDA-₹47.6 Lakh
FY 2022 · -265% margin
- Total Equity Funding$1.41M (USD)
in 3 rounds
- Latest Funding Round$1.1M (USD), Seed
Jul 2022
- InvestorsVegrow
& 7 more
Associated legal entities of Veg Route
Veg Route operates through Veg Route Agri Tech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Veg Route Agri Tech Private Limited CIN U15490TZ2020PTC034984 | Active | 12 Nov 2020 | Coimbatore, Tamil Nadu | ₹0.2 Cr | 3 | View details |
Funding Insights of Veg Route
Veg Route has successfully raised a total of $1.41M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.1 million completed in July 2022. 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 $1.41M
- Total Rounds 3
- Last Round Seed — $1.1M
- First Round $125,000
(Nov 2021)
- Investors Count 8
All 3 funding rounds of Veg Route with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
8 investors in total: 1 institutional and 7 angel.
Investors in Veg Route
Veg Route has secured backing from 8 investors, including institutional and angel investors. Prominent investors backing the company include Vegrow, Ravi Shankar Kathirvelu and Mohan K.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Online B2B marketplace that connects farmers with businesses to supply fresh produce | 2020 | vegrow.in | Bengaluru, India | |
RS Ravi Shankar Kathirvelu | unknown_e9db4742a0c244ab9 | |||
MK Mohan K | Co-founder of Norwest Venture Partners India, active angel investor | unknown_e7c297023c574c268 | ||
JK Jai Kumar | Angel investor and entrepreneur, focused on tech startups in India. | unknown_fabe3f51dfa64e3d9 | ||
HT Hari TN | unknown_1a4b68ced3ba4a0ca | |||
AR Abhishek Raj Pandey | unknown_ccb52fcb16bc42f28 | |||
PR Prabhu Rangarajan | Co-founder of M2P Fintech, active angel investor in Indian startups | unknown_8c2f711d69e143688 | ||
OB Omar Bin Brek | Founder of MyCaptain, angel investor in Indian startups | unknown_aa8f48af02ef469eb |
Investor details for Veg Route
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Board of directors of Veg Route Agri Tech Private Limited (Veg Route)
Veg Route Agri Tech Private Limited is the primary company behind Veg Route. The board of Veg Route Agri Tech Private Limited currently have 3 directors; the longest-serving is Anand Alagarsamy, appointed in 2020. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anand Alagarsamy DIN 08959853 | Director | 12 Nov 2020 | 5 yrs 11 mo | Veg Route Agri Tech Private Limited |
| Rajasekaran Mythili DIN 08959802 | Director | 12 Nov 2020 | 5 yrs 11 mo | Veg Route Agri Tech Private Limited |
| Shyam Prashad DIN 09363391 | Director | 21 Oct 2021 | 5 yrs | Veg Route Agri Tech Private Limited |
People of Veg Route
3 people are tracked at Veg Route (1 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Mohammed Ishaq | Business Development Representative | Team |
Tendulkar Mr | Procurement Intern | Team |
Complete people profiles for Veg Route
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Financials of Veg Route
Figures of Veg Route Agri Tech Private Limited, the primary company behind Veg Route, for FY 2022. Revenue was ₹18 Lakh. Net loss was -₹51.1 Lakh (-284% margin). EBITDA was -₹47.6 Lakh (-265% margin).
- ₹18 LakhRevenue · FY 2022
- -₹51.1 LakhNet loss · -284% margin
- -₹47.6 LakhEBITDA · -265% margin
- ₹1.11 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Veg Route Agri Tech Private Limited are on its company page.
Detailed financial statements for Veg Route
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Veg Route
3 dated milestones of Veg Route across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Veg Route is founded.
- Funding First funding round of $125K.
- Funding Latest funding round, Seed, of $1.1M.
Top companies in Farm Support & Services
3 companies that operate in the same segment as Veg Route (Farm Support & Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Unnati Agri is focused on agricultural fintech solutions. | 2017 | Noida, Uttar Pradesh, India | USD 16.46 M | USD 47.85 M | 307 | |
Post-harvest risk management and storage services are provided to farmers. | 2004 | Gurugram, Haryana, India | USD 30.86 M | USD 32.17 M |
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Related news about Veg Route
Complete news archive for Veg Route
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Frequently Asked Questions about Veg Route
Veg Route was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Veg Route is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Veg Route is a funded company, having raised a total of $1.41M across 3 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Nov 2021.
The primary company behind Veg Route, Veg Route Agri Tech Private Limited, reported revenue of ₹18 Lakh for FY 2022.
Veg Route was established in 2020 in Chennai, India, focusing on the agriculture sector. Vegetables are produced and supplied by the company, with operations centered on sourcing, processing, and distribution. Services include direct supply to retailers and wholesalers within the region. The domain vegroute.com supports online inquiries and transactions. Activities are conducted primarily in southern India, emphasizing local vegetable varieties.
Veg Route has 8 investors. Key investors include Vegrow, Ravi Shankar Kathirvelu, Mohan K, Jai Kumar, and Hari TN.
Veg Route operates through Veg Route Agri Tech Private Limited.
The legal entities of Veg Route currently have 3 directors, including Shyam Prashad, Anand Alagarsamy, Rajasekaran Mythili.