KisaanSay Secures ₹34 Crore Funding to Expand Operations and Support Farmers
KisaanSay raises Rs 34 crore led by NAB Ventures to scale ops, boost farmer incomes
The Economic TimesImage: The Economic Times
KisaanSay, an agriculture startup based in Gurgaon, India, has raised ₹34 crore (approximately $4.1 million USD) led by NAB Ventures. The funding will help the company expand its network of farmer producer companies and enhance its product offerings, aiming to grow into a ₹1,000 crore business in the next few years.
- 01KisaanSay raised ₹34 crore, with ₹25 crore from NAB Ventures.
- 02The startup plans to expand its network of farmer producer companies from 25 to 50.
- 03KisaanSay aims to double its product portfolio from 100 to 200 items.
- 04The company is targeting a market of $10–14 billion for authentic food products.
- 05KisaanSay aims to scale into a ₹1,000 crore business in the next three to four years.
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KisaanSay, a Gurgaon-based agriculture startup, has successfully raised ₹34 crore (approximately $4.1 million USD), primarily from NAB Ventures, to enhance its operations and support farmer incomes. Co-founder Nitin Puri announced plans to expand the company's network of farmer producer companies from 25 to 50 and to double its product offerings from 100 to 200 items. Currently, about 80-85% of KisaanSay's revenue comes from online channels, but the company intends to strengthen its offline presence in major cities like Mumbai, Bengaluru, and Hyderabad. Furthermore, KisaanSay is exploring export opportunities in the US and Middle East, although the timelines for these plans are uncertain due to geopolitical factors. The startup is targeting a growing segment of “conscious consumers” who are willing to pay a premium for authentic, single-origin food products, with an estimated market size of $10–14 billion. Over the next three to four years, KisaanSay aims to scale its operations into a ₹1,000 crore business, leveraging initiatives like the One District One Product scheme to connect farmers with markets and enhance rural incomes.
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The expansion of KisaanSay's operations is expected to connect more farmers to markets, potentially increasing their incomes and providing consumers with access to authentic food products.
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