Bijak - Online Agri Commodity Trade & Mandi Rate App
Bijak is a B2B marketplace for suppliers founded in April 2019, and buyers across India’s Agri value chain. Bijak aims to bridge the information inequality and lack of accountability in agricultural commodities trading. Since its launch, Bijak has expanded across 22 states, 400 regions, and 80+ commodities. They currently have a lean team of 60+ and are growing on a rocket trajectory.
Bijak is a B2B marketplace for suppliers founded in April 2019, and buyers across India’s Agri value chain. Bijak aims to bridge the information inequality and lack of accountability in agricultural commodities trading. Since its launch, Bijak has expanded across 22 states, 400 regions, and 80+ commodities. They currently have a lean team of 60+ and are growing on a rocket trajectory.
B2B traders have limited access to technology, information, and credit. Bijak helps these customers/MSMEs discover each other along with the counter party’s rating so that customers can transact with minimal friction by accessing Bijak’s layer of trust & reliability. Bijak is a platform where suppliers and buyers not only transact or discover each other but they are also able to find out meta-data of each other to make a faster & reliable transaction through the application.
Founders Of "Bijak" Globally
The founding team has been entrepreneurs, investment bankers, and venture capitalists across various organizations - J.P.Morgan, Avendus Capital, Rocket Internet, Asia Innovations Group, Transit Capital, ZS Associates, etc. They have led & run start-ups backed by global funds such as Index Ventures, KPCB, Matrix Partners, etc.
Bijak is a very well renowned global investor, recently having invested across unicorns and has taken companies to IPO globally. Bijak has raised $14.5 Mn (INR 110 Crores) across two rounds from RTP Global, Sequoia Capital, Omidyar Network, Omnivore Partners, Better Capital, AngelList, and Tempo ventures.
The objective of "Bijak" in agriculture
The motive of Bijak is to bring flexibility, convenience, cost-effectiveness and market linkages to all sellers and buyers in the agri supply chain. Aligning to the company’s vision, Bijak has taken a step forward to facilitate transparent trading and offer services such as credit, payments/escrow, and logistics.
The Bijak App is available in languages such as Hindi, English, Tamil, Punjabi, Bengali and Assamese. The company collaborates with all the existing players in the value chain including Agricultural Produce Market Committee traders, institutional buyers, and other agritech startups. Bijak is bridging the gap between the Local Aggregators and Commission Agents through technology and brings transparency in the value chain.
