AgriDunya, an Agri-tech B2B platform specializing in Agri-Input sourcing & supply to farms & farmers in Pakistan , announced that it has raised an undisclosed amount in a pre-seed funding round by Nama Ventures.
Pakistan’s agriculture sector plays a central role in the country’s economy as it contributes around 20 percent to GDP and absorbs ~ 42 percent of labor force of Country.
Agriculture’s allied sectors are numerous and have strong impact on country’s GDP and growth.
In whole, Pakistan’s Agri Sector is valued over USD 60Bn amongst which 4 Bn USD is attributed to Farm inputs (Fertilizer, chemicals, micronutrients, machinery etc.). Historically Agri Input’s market remains to be supplier’s market which not only frequently faces artificial price hikes but also supply constraints to the users.
Consequently , since Farmers & landowners across country are not accustomed to modern farming knowledgebase as well as differentiation / effective utilization of Agri Inputs materials (as per crop optimum requirements) , this further deepens the impact the situation of Agri Input market has on overall Agriculture economy; with a Platform to source & supply the right products as well a dedicated knowledge enhancement drive as part of their Platform – AgriDunya resolves to solve these challenges for Pakistan
AgriDunya was co-founded in September 2021 by Ameet, Rahul & Faiq.
Ameet, the COO, comes with generations of framing experience and having more than a decade’s farm input supply chain management experience.
Rahul, the CTO, not only belongs to conventional farmer’s family but also has a masters in IT and has been an application developer with over 7 years of experience.
Faiq, the CEO, has over 10 years of corporate management & startup management experience – with rich commercial & operational experience he has worked on leading large teams and working on multiple startups for corporate conglomerates in different functional and management roles
We see a clear need for transformation of Agri sector in Pakistan; we aim to make our contribution to a semi formal market by using technology as a disruption that will ultimately improve the agri sector in the country.
“AgriDunya represents our third investment in Pakistan at the pre-seed stage and the first Agri-tech startup that we invest in” Said Mohammad Alzubi, Founder and Managing Partner of Nama Ventures, “We were really impressed by the deep knowledge and the domain expertise the team has in the Agri-tech space, and more particular in the B2B supply chain of farming”, added Mohammed, “The AgriDunya team of has all the complementary skillsets and elements to meet the needs of Pakistani farmers and beyond. We are truly thrilled to backing this amazing team”.
