[Funding] Agritech Origo raises Rs 35 Cr debt from Northern Arc Capital, others

Origo is an Agritech supply chain and trade finance firm. The startup on Monday said it had raised Rs 35 crore debt from Northern Arc Capital and other investors. The startup provides end-to-end agriculture supply-chain solutions such as procurement, storage, and financing. Origo group firms, namely its Commodities and Finance branches will use the fund for securitising agricultural markets. They also aim to streamline the supply chain mechanism for agri produce in India.

About the funding

The startup's commodities branch Origo Commodities has raised Rs 15 crore from Northern Arc. On the other hand, Origo Finance raised Rs 20 crore for development of micro-lending avenues and agri supply chain financing. The funding will help the startup to improve agri processes, warehousing, and accessibility for lakhs of Indian farmers in dire need of tech-enabled services.

About the startup

Origo has managed 25 million tonnes of commodities. It has also reduced food grain wastage of 3 million tonnes so far. Talking about the development, Sunoor Kaul, Co-founder, Origo Commodities, said,

"Through the support of Northern Arc and other financial partners, we aim to serve the agri ecosystem by providing solutions that can take care of all commodity needs for procurement, financing, and warehousing."

Origo Commodities manages assets worth Rs 8,500 crore and is present in 12 states in India. The startup also has a separate trade finance platform, TradeFi. With it, it enables trade and finance for better price discovery. TradeFi also serves as a national platform for agri commodities.

“We have been working with Origo Commodities for over five years. Now, we are also excited to have played an important role in supporting their mission to build a robust commodity supply chain that can benefit farmers, FPOs, and processors. The efficiency from their solutions can have a positive impact on the entire agri supply chain ecosystem in the long run,” said Kshama Fernandes, Managing Director and Chief Executive Officer, Northern Arc Capital.