Agritech startup Ergos Business Solutions has raised Rs 38.5 crore in Series A funding from Chiratae Ventures and Aavishkar Capital. The ongoing round could see it raise as much as Rs 80 crore.

The company provides farmers a platform that operates similar to a bank, but for grains, offering facilities for storage, digitisation, credit and liquidation. The startup said it works with small farmers, and over the past five years has been able to help them improve their incomes.