ONO raises $1.2 Mn pre-Series A round led by Aeravti Ventures

Bengaluru-based agri-finance startup ONO has raised $1.2 million in a pre-Series A funding round led by Aeravti Ventures, with additional participation from Tremis Capital and a group of angel investors.

This marks a follow-on investment from Aeravti Ventures, which had earlier backed the company during its seed-stage financing round.

The company said the newly raised funds will be utilised to enhance its technology infrastructure, strengthen lending capabilities, and support expansion into additional agricultural markets across India.

Founded in 2021 by Rama Rao Kancharapu and David Pokuri, ONO operates a data and AI-powered platform focused on improving efficiency across post-harvest agricultural supply chains. The startup provides farmers, traders, transporters, buyers, and agri-SMEs with access to market insights, logistics support, pricing intelligence, and formal financing solutions.

ONO’s product ecosystem includes digital tools for mandi price discovery, agri-trade operations, paperless bookkeeping, and credit access tailored for agricultural stakeholders.

The startup currently has operations spanning 12 Indian states and more than 125 districts, serving over 1.3 lakh participants within the agriculture ecosystem. According to the company, it has onboarded more than 2,000 paid users and facilitated payouts exceeding Rs 200 crore.

ONO also stated that it has supported the movement of over 25,000 metric tonnes of agricultural produce through long-distance trading networks.

As part of its next phase of growth, the startup has acquired a significant stake in an NBFC to strengthen its lending infrastructure and improve credit availability for agri-focused SMEs and supply-chain participants.

The funding comes at a time when agritech and embedded finance platforms are increasingly focusing on solving inefficiencies in India’s fragmented agricultural trading and credit ecosystem through data-led solutions.