Aavishkaar Capital Investee: ERGOS

This agri-tech startup has built a unique Grain Bank model that helps farmers achieve higher incomes.

Founded by TWO young entrepreneurs from Bihar, Kishor Jha and Praveen Kumar, Ergos has been building a unique “Grain Bank” model that enables farmers to digitise their foodgrain stocks data and also provides doorstep access to end-to-end post-harvest supply chain solutions to the farmers by leveraging a technology platform to ensure seamless service delivery. In the last five years, the Grain Bank has consistently helped farmers achieve significantly higher incomes.

Recently, Aavishkaar Capital, the impact investing arm of the Aavishkaar Group, announced an investment of Rs 35 crore ($5 million) in Ergos as part of the latter’s Series A funding round. Aavishkaar Capital had seeded Ergos in 2015 at the ideation stage and has worked with the promoters in scaling this venture. The Series A funding is expected to be a Rs 100-crore round with an Aavishkaar Capital limited partner and a technology venture capital fund also set to join this round.

Copyright 2024 Aavishkaar Inc. All Rights Reserved.

Disclaimer : It has come to our knowledge that certain individuals are fraudulently inducing people to invest funds in Aavishkaar Group with promises of high returns. These individuals may approach you by presenting themselves as our employees, affiliates, agents or representatives and claim that they are contacting you on our behalf. This may be carried out via an unsolicited email, an online message, telephone message or forged documents. Under this false pretense, they might induce you or collect money or other valuables from you by offering fictitious investment opportunities with Aavishkaar. Please note that all such investment opportunities are fraudulent, illegal and invalid. Aavishkaar has not and does not authorize any employee, affiliate, agent or representative to collect money into their own account(s) on its behalf. You are strongly advised to exercise caution and not fall prey to such fraudulent investment opportunities.

To be noted that under no circumstances shall Aavishkaar Group be liable or responsible for any claims, losses, damages, expenses, or other inconvenience resulting from or in any way connected to such fraudulent activity.