Otipy, an inventive Farm-to-fork startup is under-talks to raise a fresh funding in an extended Series B round from current and new investors.According to the sources the funding will be utilized to empower the operations of Otipy in expanding its presence in existing and new cities. Currently, it is operational in Delhi – NCR and Mumbai but it may introduce its functions in Hyderabad and Bengaluru.
This farm-to-fork startup is delivering fresh produce directly from farmers to consumers every morning. They’re moving serious cash, with monthly sales hitting Rs 20 crore, though they’re still spending Rs 3 crore to keep the wheels turning.
Otipy has raised a hefty $44 million, with Westbridge Capital leading the pack and SIG Global as a major player. They’ve got a massive network, working with over 20,000 farmers and 1,000 partners. And they’re growing fast – sales jumped 50% to Rs 173 crore in FY24, and losses actually shrank by 21%.
