ReshaMandi is India's 1st agritech startup digitizing India’s silk supply chain, provides AI & IoT-led digital ecosystem for silk starting from farm to consumer.

Basic Information

Founded in May 2020 by Mayank Tiwari, Saurabh Agarwal, and Utkarsh Apoorva, ReshaMandi provides a full-stack digital ecosystem from farm to fashion. ReshaMandi's proprietary AI and IoT technology helps to bring transparent and inexpensive solutions to streamline the silk industry starting with farmers’ productivity. In the near future, it plans to expand its agricultural business in all major silk-producing states across India while also establishing itself as a leader in weaving clusters like Varanasi, Salem, Kanchipuram, Maheshwar, and Dharmavaram. In October 2021, the startup raised $30 million, or about Rs 225 crore, in Series A funding round led by Creation Investments. See more

Legal Name

:

Shapos Services Pvt. Ltd

Headquarters

:

Bangalore, Karnataka, India

Business Model

:

B2B 

Founding Date

:

2020

No. of Employees

:

101 to 150

Core Team

:
1.

Utkarsh Apoorva

Co-Founder & CBO

2.

Saurabh Agarwal

Co-Founder & CTO

3.

Mayank Tiwari

Founder and CEO

Tech30 Pitch
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Revenue Streams

Funding

Total Funding

$1.7M

Investors

:

1.

Omnivore

2.

Stride Ventures

Detail Round Breakdown

Round 1

$30M

Series Name

:

SERIES-A

Date

:

12th Oct 2021

Investors

:
1.

Creation Investments Capital Management

2.

Venture Catalysts

3.

Omnivore

See More