Saudi Arabia-based VC Nama Ventures, has invested an undisclosed amount in Pakistan-based agritech AgriDunya’s pre-Seed round.
Founded in 2021 by Ameet Tarbani, Faiq Hasnain and Rahul Dembani, AgriDunya is a B2B marketplace for agricultural supplies, where farmers can order directly from manufacturers.
Press release:
AgriDunya, an Agri-tech B2B platform specialising in Agri-Input sourcing & supply to farms and farmers in Pakistan, announced that it has raised an undisclosed amount in 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 per cent to GDP and absorbs ~ 42 per cent of the labour force of the country.
Agriculture’s allied sectors are numerous and have a strong impact on the country’s GDP and growth.
In the whole, Pakistan’s Agri Sector is valued at over $60 billion among which $4 billion is attributed to farm inputs (fertiliser, chemicals, micronutrients, machinery etc.). Historically Agri Input’s market remains to be the supplier's market which not only frequently faces artificial price hikes but also supply constraints to the users.
Consequently, since farmers and landowners across the country are not accustomed to the modern farming knowledge base as well as a differentiation / effective utilisation of Agri Inputs materials (as per crop optimum requirements), this further deepens the impact the situation of Agri Input market has on the overall Agriculture economy;...
Read Full Story: https://www.wamda.com/2022/05/nama-ventures-invests-pakistan-agridunya
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