Regional »  Topic »  Otipy raises US$ 10.2 mn Series A led by SIG

Otipy raises US$ 10.2 mn Series A led by SIG

Otipy, India’s first community group buying platform for fresh produce, raised a Series A financing of US$ 10.2 million (INR 76 crores) led by SIG. Omidyar Network India, Innoven Capital and existing investors IPV (Inflection Point Ventures), Pravega, and FactorE also participated in the round. Otipy’s farm-to-fork delivery model optimises for freshness by procuring directly from farmers and delivering fresh produce to consumers in less than 12 hours. Using proprietary demand prediction engines, Otipy ensures little or no stocking of fresh produce ensuring consumers get the freshest produce, yet operating with industry defining wastage metrics compared to the conventional supply chain.

Varun Khurana, Founder and CEO, Otipy said, “We see a strong product market fit with the Otipy model for consumers, community leaders and farmers. Additionally, fresh produce is a high repeat category resulting in high frequency of consumer orders. This new round of funding will support ...

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