Farm-to-consumer startup Deep Rooted said that it has raised $12.5 million in funding led by IvyCap Ventures, with participation from existing investors, including Accel, Omnivore, and Mayfield.
Deep Rooted was cofounded in 2020 by Avinash B R, Gururaj Rao, Arvind Murali, and Santhosh Narasipura.
“We are thrilled to partner with IvyCap as we expand across South India, working directly with farmers and delivering the freshest fruits and vegetables to urban consumers,” said Avinash BR, co-founder of Deep Rooted.
Currently operating in Bengaluru, Hyderabad, and Chennai, the Bengaluru-based startup plans to expand its operations to cover major cities in South India, strengthen its technology stack, and proactively hire across marketing, technology, and business functions in the next 12 months.
Read more on Tech Gist Africa:
India’s Supply chain finance startup, CashFlo raises $8.7M
India’s Home Decor Startup Sunday Design raises $1.5 Million