Agrizy raises $5 million debt funding

Agrizy, an agri-food processing company that leverages technology to enable SME (Small and Medium Enterprises) processors in the agriculture sector, has secured $5 million in debt financing from SBI, Yes Bank, Vivriti Capital and other financial institutions.

A media release by Agrizy said the financing will enhance Agrizy’s technological capabilities, enhance its processing capabilities, and expand its reach to more small and medium-sized agri-food processing companies in India, and large agri-food buyers in the domestic and international markets.

She said Agrizy offers customized solutions designed to meet the needs of the processed agri-food value chain. Its digital B2B platform enables agri-food processors to purchase pre-processed and semi-processed agri-food products, providing comprehensive fulfillment services through quality assurance, logistics and payment offerings.

important to the supply chain

Agrizy’s value-added processing services provide the supply of custom-processed agri-food products to large and brand-name agri-food processors, maximizing capacity utilization and profitability for small and medium business processors. She said that Agrizy fintech services provide working capital to processors from official lenders at competitive rates.

The latest funding is an important step toward Agrizy’s mission of creating a seamless supply chain for agri-food processors, the statement said.