Otipy raises $10.2 million from SIG, Omidyar in series funding

Agritech Startup Otipy, which markets fresh vegetables, fruits and other grocery items through its app, has raised USD 10.2 million (around Rs 76 crore) from investors including SIG and Omidyar Network to expand business. The Series A funding of USD 10.2 million was led by SIG.

Omidyar Network India, Innoven Capital and existing investors IPV (Inflection Point Ventures), Pravega, and FactorE also participated in the round, the company said in a statement.

Launched in 2020, Otipy, which is part of Crofarm Agriproducts Pvt Ltd, is a business to business to consumer (B2B2C) social commerce platform for fresh produce that includes vegetables, fruits, dairy and other grocery items.

It sources over 2,500 tonnes of fresh produce every month from over 10,000 farmers across the country.

Varun Khurana Founder & CEO Otipy said "this new round of funding will support us in our future growth trajectory, adding additional categories on our supply chain making it more efficient and accelerate our mission of making fresh, nutritious food accessible to all."

Otipy is working closely with more than 5,000 community leaders (mainly women) across Delhi-NCR and is serving over 1,00,000 households with fresh produce at their doorstep.

The company sources fresh fruits and vegetables from farmers across Haryana, UP, Delhi, Gujarat, Himachal Pradesh, Karnataka, Rajasthan, and Maharashtra.