Big Haat plans to use the funds for scaling up operations (including hiring), marketing, and upgrading the platform.
Established in January 2015 by Sateesh Nukala, Sachin Nandwana, and Raj Kancham, BigHaat is a supply chain technology platform that connects the farming community directly with the suppliers. The platform not only ensures listing of the products, but also connects buyers with the suppliers for post-sale support.
BigHaat brings a range of agro products (crop protection, instruments, accessories, etc.), services, and solutions to serve the needs of the agro community. The firm has partnered with several brands, including DuPont-Pioneer, Monsanto-Seminis, Mahyco, Fito, Namdhari, UPL, Indus, and Privi Life Sciences.
It is also working with many other companies in horticulture & field crops, agro-chemicals, and specialty nutrients to expand its portfolio.
BigHaat claims to have served over 50,000 farmers across India to date.
Ankur Capital is an early-stage VC fund that invests in companies improving the quality of lives across income segments. It focuses mainly on agriculture, fintech, healthcare and education sectors at the intersection of technology and business model innovation. The fund invests up to US$ 1 million in early-stage startups.
In November, Ankur invested in an innovative cold chain company, TESSOL. Its previous investments include Cropin (an agri big data startup), Suma Agro (a soil nutrient and conditioner), Skillveri (a simulator based skill development device manufacturer), Karma Healthcare (an e-health startup) and ERC Eyecare (an eye-care startup).