E-Sandhai, the pioneering agri-tech start-up headquartered in Tiruchi, is thrilled to announce successful funding rounds with contributions from esteemed investors including Madurai-based Nativelead, The Chennai Angels (TCA), AIC Raise, and several individual investors. We are also in the final stages of securing funding from the Tamil Nadu Infrastructure Fund Management Corporation Limited (TNIFMC) by the end of this month.
TNIFMC, as a manager of SEBI-approved Alternative Investment Funds (AIFs), plays a pivotal role in advancing the entrepreneurial landscape of Tamil Nadu. It is a brainchild of the state’s policy initiatives and is promoted by the Tamil Nadu Infrastructure Development Board. E-Sandhai is poised to become the first beneficiary of the Tamil Nadu Emerging Sector Seed Fund (TNESSF) under TNIFMC’s purview.
Investment Breakdown: V. Chollin Selvan, Founder, and CEO of E-Sandhai, shares the details of this momentous funding round: “Nativelead has generously contributed ₹1.18 crore, TCA has shown their belief in our vision with a ₹71 lakh investment, AIC Raise has been a strong supporter with ₹25 lakh, and our individual investors have collectively provided ₹46 lakh.”
Government Confirmation: A senior government official overseeing TNIFMC affirmed E-Sandhai’s impending funding, stating, “We are in the process of investing in five different start-ups by the end of January, and an official announcement will be made by Chief Minister M.K. Stalin.”
Charting New Territories: E-Sandhai is embarking on an exciting growth journey, leveraging these funds to expand into new geographical regions. Mr. Selvan elaborates, “Having already made successful strides in Tiruchi and Perambalur, our focus now extends to Thanjavur, which is set to go live in the coming weeks.” Following this expansion, Thiruvarur, Pudukkottai, and Nagapattinam will be our next focal points.
E-Sandhai’s Mission: E-Sandhai is an agri-tech company (B2B) committed to mitigating wastage stemming from supply/demand inefficiencies and agri-produce supply chain challenges, particularly in tier 2 and tier 3 cities. We aim to resolve the supply/demand conundrum for farmers by providing real-time data-driven price predictions for fresh produce. Our start-up facilitates deliveries to hotels, retail shops, and micro shops, contributing to a more efficient and sustainable agricultural ecosystem.
As we move forward with this remarkable support from our investors and TNIFMC, E-Sandhai remains dedicated to its vision of revolutionizing the agri-tech industry, reducing food wastage, and enhancing the livelihoods of farmers across Tamil Nadu. Stay tuned for more updates on our exciting journey.
Great Job Esandhai