Hectar Global raises $2.1 million in seed funding led by Powerhouse Ventures

Agritech startup Hectar Global has raised $2.1 million in a seed funding round led by Powerhouse Ventures. The round also saw participation from WEH ventures, All In Capital, Indian Silicon Valley, and angel investors Anant Sarda and Adhish Ladha, the company said in a statement Wednesday.

The Chennai-based business-to-business cross-border agri-commodity procurement platform was founded by National University of Singapore alumni Srinath Srinivasan, Sibhi Kumaran and Aswath Balaji. It helps food buyers worldwide to purchase container volumes of agri-commodities with e-commerce level convenience, the statement added.