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# Indian agritech startup Vegrow raises $25 million in funding
- URL: https://www.techloy.com/indian-agritech-startup-vegrow-raises-25-million-in-funding/
- Published: 2022-07-12T11:02:09.000Z
- Updated: 2022-12-08T01:22:57.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Agritech

Agritech startup based in India, [Vegrow,](https://www.vegrow.in/) has raised $25 million in its Series B financing led by Prosus Ventures.

- The fund will be invested in increasing its talent base, improving its technology stack, supporting its growth, and expanding its presence in other boundaries.
- Founded in 2020, Vegrow uses its tech stack and data to support the demand and supply, aggregation, and sales of fruits in India.
- The B2B startup has grown 15x in the last year, with about a 15% gross margin and a $200 million expected AGV by the FY-end.
- It last raised $13 million in its Series A round co-led by Lightspeed Venture Partners and Elevation Capital who also participated in the new round.