ReshaMandi raises USD 1.7 mln ...Middle East

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ReshaMandi, an agritech startup working in the silk supply chain, on Thursday said it has raised USD 1.7 million (Rs 12.25 crore) in seed funding. The Bengaluru-based company plans to use the funds for strengthening its digital platform and expand beyond Karnataka, establishing a presence in other important Indian silk hubs such as Maharashtra and Tamil Nadu, according to a statement. ''Our goal is to reduce the import of silk by helping Indian farmers improve their production capacity and quality,'' ReshaMandi Co-Founder and CEO Mayank Tiwari said.

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