Agri B2B Platform Bijak Raises $12M Series A Round Led By RTP Global

info@rtp-global.com | 27.04.20

Bijak, a B2B platform for agricultural commodities, announced today that it has raised a USD 12 million (INR 91 crore) Series A round led by RTP Global. Existing investors Omnivore, Omidyar Network India, Sequoia Capital India’s Surge, and Better Capital also participated in the round.

Gurugram-based Bijak is a platform that gives agricultural commodity buyers and sellers better prices, increased working capital, and optimised logistics. Bijak brings accountability and transparency into the agricultural value chain through a buyer/seller rating system, and enables traders, wholesalers, and food processors to discover new and reliable trade partners.

Bijak was launched in April 2019 by Nukul Upadhye, Mahesh Jakhotia, Jitender Bedwal, Daya Rai and Nikhil Tripathi, and has been growing aggressively since then. In just one year, it has scaled to 22 states, 90 commodities, and USD 150 million in annualised GMV. Thousands of buyers and sellers across more than 500 locations use the Bijak platform to transact everyday. The company collaborates with all the existing players in the value chain including APMC traders, institutional buyers, and other agritech startups. Bijak previously raised a USD 2.5 million Seed round in December 2019 from Omnivore, Omidyar Network India, Surge, and Better Capital. They were part of the second cohort of Surge, Sequoia’s rapid scale-up program for startups in India and Southeast Asia.

Commenting on the Series A round, Nukul Upadhye, Co-Founder of Bijak, said, “We are thrilled to partner with RTP Global as we try to make agricultural markets more transparent. This funding would help us scale our technology team and roll-out new features. We are also thankful to all our existing investors for their continued support and conviction.”

Regarding their new investment, Galina Chifina, Partner at RTP Global, stated, “We have always been extremely excited to work with amazing founders and the Bijak team has a great combination of industry expertise and technology vision. This is the first deal we have committed from our new fund and it sets a high bar for our future investee companies. Thrilled to back one of the fastest growing B2B companies in India!”

Speaking about their continued investment in Bijak, Madhav Tandan, Director, Investments at Omidyar Network India said, “”We continue to be very excited about Bijak as they build a first-ofits- kind private online marketplace that can help market discovery, earn a fair price, create accountability and trust and provide services like credit and logistics to a market that is highly underserved. We believe this will eventually lead to greater benefits for the farmer. We’re also very impressed with the team’s deep understanding and experience of using technology to empower first-mile agri-ecosystem participants.”

Finally, Mark Kahn, Managing Partner at Omnivore, commented, “Bijak has blown away everyone’s expectations about how fast an agritech startup can grow in India. Omnivore looks forward to supporting Bijak as they scale pan-India while radically transforming agricultural commodity markets.”

For press enquiries: info@rtp-global.com

Investments in India’s ‘speedy’ market are paying off: QandA with Galina Chifina of RTP Global

info@rtp-global.com | 01.06.20

Moscow-headquartered venture capital firm RTP Global, which was founded by Russian entrepreneur and investor Leonid Boguslavsky, has raised USD 650 million after exhausting its second global fund of USD 200 million in 34 companies across the US, Europe, India, and Southeast Asia.

The firm will invest USD 650 million in these four geographies, with about one-third of the fund allocated for early-stage to Series B technology companies from India and Southeast Asia.

RTP started developing a portfolio in India in 2011, targeting startups in e-commerce, food delivery, fintech, ed-tech, telemedecine, agritech, and mobile gaming. Then, last year, it made one investment in Vietnam and two in Singapore.

KrASIA got in touch with Galina Chifina, partner and investment advisor at RTP Global, to learn about the firm’s strategy in these two regions.

Chifina, whose plans to relocate to RTP’s new office in Singapore this year have been delayed due to the pandemic, said she will move to the city-state by early 2021.

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B2B EdTech platform, Classplus, raises $9m Series A led by RTP Global

info@rtp-global.com | 04.05.20

– Company’s active user base has quadrupled in the past six months

– Capital will be used to improve the product offerings and scale the technology platform

– RTP Global leads Series A round with follow on investment from Sequoia Capital India’s Surge and Blume Ventures

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Agri B2B Platform Bijak Raises $12M Series A Round Led By RTP Global

info@rtp-global.com | 27.04.20

Bijak, a B2B platform for agricultural commodities, announced today that it has raised a USD 12 million (INR 91 crore) Series A round led by RTP Global. Existing investors Omnivore, Omidyar Network India, Sequoia Capital India’s Surge, and Better Capital also participated in the round.

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RTP Global doubles down on founder-driven mission with new $650M fund

info@rtp-global.com | 03.03.20

Today, we announce the launch of RTP III. At $650M, our latest fund is more than three times the size of RTP II and will enable us to invest in even more companies around the world.

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Fintech leader MoneyTap secures Rs. 500 crore, raises Series B for growth

info@rtp-global.com | 29.01.20

The funding round is a mix of Equity and Debt, led by global funds like Aquiline Technology Growth and RTP Global and existing investors, namely Sequoia India, Prime Venture Partners and MegaDelta.

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RTP Global has invested into coaching platform CoachHub

info@rtp-global.com | 13.11.19

CoachHub has closed a €10M funding round, from existing investors HV Holtzbrinck VenturesPartech and Speedinvest x and new investor RTP Global. After raising €6M just three months ago, the latest round brings total funds raised this year to €16M, recognising CoachHub’s position as the leading digital coaching provider in Europe.

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Anton Inshutin leading a panel about Digital Transformation in Logistics at NOAH London

info@rtp-global.com | 07.11.19

We are happy to announce that our partner Anton Inshutin was leading a panel about Digital Transformation in Logistics at NOAH London on 30 October. Below you can see some of the ideas shared on the panel

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Munich-based AI company e-bot7 secures 5,5 Million Euro Series A

info@rtp-global.com | 21.08.19

  • e-bot7 secures 5.5 million euros in financing for further growth by the investors RTP Global (early investor in Yandex, Delivery Hero, SumUp, Urban Sports Club and many more), 42CAP, Main Incubator (early-stage investor of the Commerzbank Group) and a renowned business angel.
  • With complex NLP algorithms, an AI hybrid solution and low implementation costs, e-bot7 is currently one of the most innovative and successful providers of artificial intelligence (AI) in Europe. Only recently, the company was ranked among the Top 10 AI Startups in Forbes magazine.
  • e-bot7 integrates artificial intelligence into existing or CRM systems to increase the efficiency of customer service operations.

RTP Global together with other well-known existing investors, has invested a total of 5,5 million euros in the AI-Startup e-bot7, which was founded in 2016. Other existing investors include 42CAP, the Main Incubator, Commerzbank’s early-stage investor, and a leading private investor.

With the investment round, e-bot7 will further expand its position in the European market. The company will use the funds to further expand its technology and business team to help more customers to make their customer service more efficient through artificial intelligence.

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Clear Logistics

info@rtp-global.com | 19.06.19

Shipsta Secures Millions in Funding for its Unique
and Revolutionary Digital Logistics Concept
SHIPSTA is unique in delivering a digitisation boost in the logistics industry via
crowdsourcing and artificial intelligence – digitally procuring freight rates has
never been so easy. Well-known investors have recognised this: RTP Global and
MANGROVE CAPITAL PARTNERS are supporting SHIPSTA with a generous
amount in the millions.

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Dasha.AI Receives $2 mln in Equity Funding to Build Human-level Conversational AI RTP Ventures and RTP Global Lead Investment adding a member to company Board.

info@rtp-global.com | 18.03.19

New York, NY and Novosibirsk, NSB – March 13, 2019 – Dasha.AI Inc., an AI startup dedicated to building human-level voice conversational AI platform, today announced it has completed a $2 million seed round led by RTP Ventures and RTP Global.

“We are delighted to have such experienced in B2B venture capitalists help us build the company,” said Vladislav Chernyshov, CEO and co-founder of Dasha. “We plan to aggressively grow the company and the technology so we can continue to provide the best voice conversational AI to a market which we estimate to exceed $30bln. worldwide”

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RTP Global expands investment team and commits more capital in India and Southeast Asia

info@rtp-global.com | 15.11.18

RTP Global, the international venture capital investment firm, announces that Kirill Kozhevnikov joins as Partner focusing on India investments, working together with Galina Chifina. As part of its continued expansion in the country, RTP Global plans to invest significant portion of its new global $200M fund into early and mid stage opportunities in India.

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ru-Net becomes RTP Global

info@rtp-global.com | 30.10.18

London / New York / Moscow: ru-Net, the early stage investment and venture capital firm founded by Leonid Boguslavsky has announced at NOAH 2018 that it is changing its name to RTP Global, to reflect the success of its USA based arm RTP.vc and company’s evolution to a globally focussed venture capital firm.

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