The big investors put in a total of $46 million, and the main boss investor was Singapore’s GIC – that’s the country’s super-rich fund. The old investors, like Prosus, Matrix Partners India, Elevation Capital, and Lightspeed, also gave more money.
They say they’re going to use all this money to grow Vegrow even more in India and also make it better known in other countries. The plan is to bring together people who sell fruits and people who want to buy them on one big platform. Vegrow’s money helpers this time were the money advice people from Avendus.
This is a pretty big deal for GIC because it’s the first time they’re putting money into India’s agritech and B2B businesses. Vegrow started in 2020 and was made by some smart people from IIT – Praneeth Kumar, Mrudhukar Batchu, Kiran Naik, and Shobhit Jain.
They’ve become pretty important in the market, helping connect all kinds of people involved in selling fruits. So, Vegrow is not just getting richer with this money help but also making GIC an important part of India’s growing agritech world, and Vegrow is getting more famous in the B2B fruit market.