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Ergos receives Rs 22.5 crore from CDC Group

Thursday, 14 Jan 2021
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Agritech start-up Ergos has received Rs 22.5 crore (USD three million) from the UK's CDC Group as the closure to its Series-A round which constituted Rs 81 crore (USD 11 million).

The agri start-up has been building a grain bank model that has been piloted in Bihar, which enables farmers to digitise their foodgrain and also provides them doorstep access to end-to-end post-harvest supply chain solutions by leveraging its technology platform.

The Ergos platform operates like a bank and offers storage, digitisation, credit and liquidation facility to farmers and has consistently helped them achieve significantly higher incomes for their produce.

 
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