The Chennai Angels, comprising successful entrepreneurs and industrialists, has invested Rs 1.10 crore in the city-based start-up, E-Vegetailing Pvt Ltd, as part of its plans to build a farmer network and ramp up procurement points.
Aspire Systems, CEO and Co-Founder, Gowri Shankar Subramanian led the investment on behalf of The Chennai Angels, a press release here said today.
E-Vegetailing engaged in selling farm fresh vegetables, would utilise the investments to build its farmer network, increase procurement points among others. E-Vegetailing established in 2014 retails around 10,000 kilograms of vegetables a day, in and around Chennai district.
“This capital will help us scale up our business and simultaneously enhance our farm-to-door solution,” E-Vegetailing, Founder-CEO, Edwin Rajamohan said. “We will be growing the business with a multi-pronged approach, increase customer base, expand into various verticals and verticals and scale up procurement from 10,000 kgs per day to 50,000 kgs,” he said.
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