This investment will contribute towards empowering the agricultural supply-chain by inclusive economic growth opportunities for farmers and ecosystem players across India’s APMC/MANDI network.
The company wants to leverage technology to augment the country’s agriculture tech-stack. ONO has developed a data-first digitization platform to address critical pain points within the agricultural ecosystem, including access to formal credit, price intelligence, market discovery, and operational inefficiencies.
Commenting on the funding, Rama Rao Kancharapu, Founder and CEO of ONO, said in a statement, “We have seen an unprecedented acceptance of our products in Mandis and we are confident in our ability to scale our platform and build a sustainable business that creates tangible impact.”
Rishabh Singh, Managing Partner at Aeravti Ventures, stated, “Doubling down on India’s agriculture ecosystem has been a key focus for us. We believe in the transformative power of technology to address systemic challenges.”
ONO operates in six states across 45+ APMCs/MANDIs, with over 30,000 partners onboarded and transactions spanning seven commodities.
