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Agri-Entrepreneurial Network Facilitates ₹50M in Funding

December 15, 2023
Priya Adhikari
4 min read
Agri-Entrepreneurial Network Facilitates ₹50M in Funding

GoLocal Nepal's Agri-Entrepreneurial Network has achieved a remarkable milestone, facilitating over ₹50 million in funding for agricultural startups and entrepreneurial ventures across Nepal.

Platform Overview

The Agri-Entrepreneurial Network is an integrated platform that connects aspiring agricultural entrepreneurs with investors, mentors, and resources needed to launch and scale their agribusiness ventures.

How It Works

  • Entrepreneurs create business profiles with detailed plans
  • Investors browse and connect with promising ventures
  • Mentors provide guidance on business development
  • Network facilitates negotiations and funding agreements
  • Post-funding support and monitoring

Funding Breakdown

  • Seed funding for startups: ₹15 million
  • Growth capital for scaling: ₹20 million
  • Equipment and infrastructure: ₹10 million
  • Working capital: ₹5 million

Success Stories

The network has funded diverse agribusiness ventures including organic farming collectives, agricultural input supply chains, value-added processing units, and food delivery platforms.

"₹50 million in facilitated funding demonstrates the viability of agricultural entrepreneurship in Nepal," said Priya Adhikari, Head of Agri-Enterprise. "We're building an ecosystem where innovative ideas can grow into thriving businesses."

Future Goals

We aim to facilitate ₹200 million in funding by 2025, supporting 100+ agricultural entrepreneurs and creating 5,000+ direct and indirect jobs in the agriculture sector.

Tags:

EntrepreneurshipFundingBusinessInnovationAgriculture

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