India-based agricultural product marketplace Bijak has secured more than Rs 900m ($11.2m) in a series A round led by $5m from internet company Ru-Net, Money Control reported yesterday citing regulatory filings.
The round also featured venture capital firm Sequoia Capital’s Sequoia Surge vehicle, impact investment firm Omidyar Network, seed-stage fund Tempo Ventures, VC firm Omnivore Partners and AL Trust.
Founded in 2019, Bijak operates a web-based marketplace that connects enterprises such as food processing firms with Indian farmers in order to streamline the food sourcing process. It includes features such as documentation functionality and payment processing.
The startup joined the second batch of the Sequoia Surge accelerator in October 2019, reportedly raising $2.5m from Sequoia fund Surge Venture II, Better Capital, angel investor Nipun Mehra and existing backer Omidyar Network shortly afterwards. It is reportedly in talks to add extra funding to the series A round.