NEW DELHI:- ONO has raised $1.2 million in a Pre-Series A funding round led by Aeravti Ventures, as the agri-fintech startup accelerates its expansion across India’s agricultural lending and post-harvest supply chain ecosystem.
The round also witnessed participation from Angels and Tremis Capital, marking Aeravti Ventures’ second investment in the company after previously leading ONO’s seed funding round. The latest investment signals continued investor confidence in ONO’s data and AI-led approach to solving financing and operational inefficiencies within India’s agricultural value chain.
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Founded by Rama Rao Kancharapu and David Pokuri, the company focuses on building a technology-driven infrastructure layer for post-harvest agricultural markets. Its platform provides farmers and agri-SMEs with access to structured market intelligence, logistics visibility, pricing insights, and formal credit systems.
Rishabh Singh said ONO is addressing one of Indian agriculture’s major infrastructure gaps by creating trust, transparency, and financial accessibility across fragmented post-harvest supply chains through data and AI-driven systems.
ONO currently operates across 12 states and more than 125 districts, serving over 1.3 lakh participants across the agricultural ecosystem including farmers, traders, commission agents, transporters, and buyers. The platform has facilitated more than ₹200 crore in beneficiary payouts while enabling the movement of over 25,000 metric tonnes of agricultural produce through long-distance markets.
The startup claims its proprietary onboarding and underwriting infrastructure has helped reduce fraud and default rates in long-haul agri-trade transactions to below 2 percent, significantly lower than broader industry averages.
Rama Rao Kancharapu stated that the agricultural supply chain continues to face major inefficiencies due to the absence of structured data, reliable market networks, and timely credit access. He added that ONO is building a technology and intelligence layer designed to support faster decision-making and fairer financial access for stakeholders across the ecosystem.
As part of its next growth phase, ONO has acquired a significant stake in an NBFC to strengthen its lending capabilities and deepen access to credit for underserved agri-SMEs. The company is also preparing for a larger Series A funding round as it looks to expand its market presence and strengthen its financial and technological infrastructure nationwide.
The fresh capital will be used to scale ONO’s technology platform, expand into newer markets, strengthen lending operations, and accelerate ecosystem growth across India’s agricultural supply chain network.
