Press Release

ONO Raises 11 crores led by Aeravti Ventures in Seed Round to empower the Agri Supply-Chain

ONO, a pioneering agri-tech company, has closed its seed funding round, securing 11 crores in investment. The funding round was led by Aeravti Ventures, with participation from Indigram Labs. This investment will fuel ONO’s mission to empower the agricultural supply-chain by promoting transparency, trust, and inclusive economic growth opportunities for farmers and ecosystem players across India’s APMC/MANDI network.

 

Inspired by India’s remarkable strides in digital transformation, ONO’s vision is to leverage technology to augment the country’s agriculture tech-stack. Leveraging insights gained from extensive field research, ONO has developed a data-first digitization platform to address critical pain points within the agricultural ecosystem, including access to formal credit, price intelligence, market discovery, and operational inefficiencies.

 

Commenting on the funding, Rama Rao Kancharapu, Founder and CEO of ONO, expressed, “We have seen an unprecedented acceptance of our products in Mandis and we are confident in our ability to scale our platform and build a sustainable business that creates tangible impact. Having long-term partners, such as Aeravti Ventures and other industry leaders, on board allow us to broaden our horizons and catalyze our growth.

 

Rishabh Singh, Managing Partner at Aeravti Ventures, stated, “Doubling down on India’s agriculture ecosystem has been a key focus for us. We believe in the transformative power of technology to address systemic challenges, and ONO is well-positioned to disrupt the Mandi Ecosystem of India.”

 

Since its inception, ONO has made significant strides, operating in six states across 45+ APMCs/MANDIs, with over 30,000 partners onboarded and transactions spanning seven commodities. The momentum underscores ONO’s commitment to revolutionizing the agricultural value chain and fostering economic empowerment at the grassroots level. ONO remains steadfast in its mission to empower farmers and ecosystem players, catalyzing inclusive economic growth opportunities across India’s agricultural heartlands.

 

About ONO:

ONO is an agri-tech product company dedicated to empowering farmers and ecosystem players within the APMC/MANDI network. By leveraging data-driven insights and innovative technology, ONO promotes transparency, trust, and inclusive access to economic growth opportunities, driving meaningful change in the agricultural landscape.

 

Website: https://ono.ag/company