UditBijak, which is an agritech B2B trade platform, has now secured $2.5 million from the Surge Venture II and some of the existing Omidyar Network.
Early-stage investor firm better Capital and angel investor Nipun Mehra also participated in the round, according to the report revealed.
Gurggram based Bijak was a part of the second cohort of the Sequoia Surge, which even selected the 20 startups for its 16-week accelerator program.
Bijak was founded by the Jitendra, Daya, Nukul, Mahesh in the year 2019. It is a platform that enables the traders, food processors, and wholesalers to keep a ledger of their transactions, access transparent pricing, optimize logistics and improve their working capital cycles.
The company also claims to be offering loans, thus reducing the costs and eliminating the wastage with the help of logistics convenient payment channels.