Bengaluru-based Agrizy, an agrifood processing start-up in India has witnessed a 65x increase in its revenue compared to its previous financial year (FY). It has achieved $35 million in annualised revenue run rate (ARR).
With processed agrifoods, the company caters to markets in South Asia and the Middle East. It has also established a presence in the European markets through shipping operations since FY23. The company has worked with domestic brands and bulk buyers and has claimed to strengthen its footprint in the domestic markets.
Agrizy has expanded its export business which is now equipped to meet the demands of multiple international buyers. The expansion has helped the company to meet substantial growth and explore opportunities to tap into new markets. It is also eying make a deep impact on the overall economy by harnessing the capacity of the MSMEs (micro, small and enterprises).
“We are immensely proud of our achievements in FY23. Our phenomenal growth and expanding presence in both domestic and international markets are a testament to the hard work and dedication of our team. We remain committed to delivering high-quality agrifood products and supporting the growth of MSMEs by enabling them to compete with larger organizations,” said Vicky Dodani, Founder of Agrizy.