April 25, 2023: Agrizy, a leading agfood tech platform, has announced remarkable growth in
FY22-23 since receiving funding in March 2022. The company has charted a growth of 35X, having
brought major clients such as Reliance, Hadrian’s, Adani Wilmar, and Godrej Agrovet on its agfood
tech platform. Starting as a bootstrapped firm, Agrizy has since expanded rapidly with over 1,000
buyers and suppliers empaneling on its platform, which has allowed the company to maintain a
steady flow of business as clients can source their products directly from the platform.
Agrizy has also expanded its export business and is now capable of meeting large demands of
multiple buyers in international markets. Currently, the company exports to South Asia and Gulf
countries and has recently begun shipping to European countries. The company has also shown
interest in expanding to new markets in the long-term.
India is in the list of top 5 producers for most agri-products but lags behind in exports due to a
limited proportion of processed products in the overall agri-food basket. The country exports raw
agri-products with limited value addition. In some cases, India exports raw agri-products to other
countries which then do value-added processing and export these products back to India and other
countries.
Agrizy recognizes the opportunity to export processed products, given the availability of agri-
products in bulk. The company is committed to changing this narrative and is working towards
exporting more processed products while working with SME processors to make them compliant
with global standards of process and quality. The company’s vision for the future includes utilizing
unutilized capacity and improving the overall economy of the country. By making these processors
global compliant, Agrizy can help processors achieve higher capacity utilization, thus improving the
overall economic outlook of India. There is huge scope and bandwidth available in India’s MSME
sector which is not utilized due to lack of technology, demand, knowhow and compliances. Agrizy
brings with it complete packages to resolve all the above issues and help them scale and compete
with big organizations, thus resulting in increased employment, production and business
opportunities.
About Agrizy
Agrizy is a B2B platform in the Agri Food processing industry focused on organizing and simplifying
processed Agrifood value chains, by building a full-stack platform between Agri suppliers and
processors. With technology at its core, Agrizy also engages in value-added processing and
improving the capacity utilization of the processors. Agrizy has partnered with multiple banks and
NBFCs to enable working capital support for the processors.
