Hectar Global Raises $2.1 Million In Seed Funding Led By Powerhouse Ventures
07/12/23, 11:52 AM
Location
Money raised
$2.1 million
Industry
angel investment
venture capital
Round Type
seed
Agritech startup Hectar Global has raised $2.1 million in a seed funding round led by Powerhouse Ventures. The round also saw participation from WEH ventures, All In Capital, Indian Silicon Valley, and angel investors Anant Sarda and Adhish Ladha, the company said in a statement Wednesday.The Chennai-based business-to-business cross-border agri-commodity procurement platform was founded by National University of Singapore alumni Srinath Srinivasan, Sibhi Kumaran and Aswath Balaji. It helps food buyers worldwide to purchase container volumes of agri-commodities with e-commerce level convenience, the statement added.“We have maintained a strong emphasis on operating profitably right from our inception. Our internal accruals have taken care of all operating expenses so far and we are primarily viewing this capital infusion, and future equity rounds, to rapidly expand into new geographies, and strengthening our digital infrastructure,” Srinath Srinivasan, CEO of Hectar Global, said.Targeting the global agri-commodities trade of over $3 trillion annually, Hectar Global digitises cross-border supply chain processes using data models and machine learning algorithms to provide real-time market information and actionable insights
Company Info
Location
singapore, southeast asia, singapore
Additional Info
Hectar Global is a fast growing Agri Tech startup that transforms the way Agri commodities are procured cross-border.
Our platform digitizes cross-border supply chains, making them more efficient, transparent and sustainable. We enable farmers and buyers to connect directly, reducing intermediaries and enabling more equitable and efficient trade. We use advanced analytics to provide our customers with real-time market data and insights, helping them to optimize their trading strategies and maximize their profits.
We are looking for talented and motivated individuals to join our team and help us achieve our mission. Whether you are a seasoned Agri trader or a tech-savvy data analyst, we have opportunities for you to grow and excel. We offer a dynamic and collaborative work environment, with opportunities for professional development and career advancement.
Join us and be part of the Agri Tech revolution!