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Mumbai-based agrifood fintech startup Ayekart plans to utilise the investment to enhance its technological capabilities and extend its operations nationwide.

The funding will help the US and Chennai-based startup Illumine-i scale up, tap into new geographies and broaden its range of services, fostering innovation and growth.

The Jaipur-based dairy startup claims that it has grown with a CAGR of more than 65% since it started commercial production and is on track to clock revenue of over INR 100 crore in FY 2024.

Niro secured funds from a pool of notable investors, including Elevar Equity, GMO Venture Partners, Rebright Partners and Mitsui Sumitomo Insurance VC.