Ness Wadia invest in AgriGator

Venture Catalysts, India’s first and largest integrated incubator and accelerator, has recently led an undisclosed round of investment in AgriGator, a B2B digital supply chain platform. The funding round was led by Manish Modi on behalf of Venture Catalysts with industrialist and entrepreneur Ness Wadia as a co-investor. AgriGator is a 100X.VC Nov 2019-funded portfolio company.

Founded in 2019 by Udit Sangwan and Charu Chaturvedi, AgriGator aims to provide a one-stop solution to the inefficiencies in the agricultural supply chain market by facilitating trade and logistics service between buyers, sellers, and carrier providers, in return for a small commission on every transaction. After buying from farmers, traders have traditionally depended on distributors or brokers to transport their grains from farms to mandis across states. Due to the high fees demanded by the brokers for arranging on-the-spot transportation, small scale traders and industries are forced to take loans. This is the exact need-gap AgriGator aims to address.

AgriGator simplifies the whole process by providing a single click solution for finding trucks with a turnaround time of 15 minutes, hence eliminating middleman and ensuring more transparency in the process. With more than 2000 truck drivers and over 500 traders and industry bodies on board, the platform only charges a commission of 3-5 percent per truck shipment. It also provides timely payments, diesel discounts, priority loans, and fuel benefits to truckers which help them save 10-12 percent on costs.