Agritech startup Otipy raises $32 million in funding led by Westbridge Capital

Existing investors
SIG and Omidyar Network India also participated in the round.

The fresh funding round has come within six months of the Crofarm Agriproducts-operated platform raising Rs 76 crore ($10.2 million) from SIG, Omidyar Network India, and IPV (Inflection Point Ventures), Pravega Ventures.

Otipy, founded by Varun Khurana in 2020, works with more than 20,000 community leaders and fulfills more than 15,000 orders across cities such as Delhi NCR (Delhi, Gurugram, Noida, Bhiwadi), Sonipat and Meerut. It plans to use the fresh funds to expand operations to Bengaluru, Mumbai and Hyderabad and Chennai.

“Leveraging our fast supply chain and community leader network, we aim to provide fresh, quality produce to consumers at the lowest price,” Khurana – who was previously chief technology officer at e-grocer Grofers (now known as Blinkit) – said in a statement.

“The Series B round of funding will support us as we expand to new pin codes, strengthen our supply chain, invest in cutting edge tech, add product categories and accelerate our mission of making fresh, nutritious food accessible to all,” he added.

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Otipy has over 500,000 customers across Delhi NCR as well as tier 2 and 3 towns like Sonipat, Meerut and Bhiwadi, it said.

“Otipy is creating value for farmers, community leaders and consumers. We see very strong fundamentals in their business model and are excited to be partners in their growth journey,” said Sandeep Singhal, managing director at WestBridge Capital, in a statement.