This article will be updated as and when the new funding news comes in.
Itilite will utilise the raised capital to expand sales operations. Currently, the startup has 15 employees.
The raised capital will be used for scaling and building a full stack commerce platform that yields higher operational efficiency, improves realisations for farmers, reduces wastage and enhances price and market discovery for agricultural commodities.
OfBusiness will use the capital to expand its footprint, and increase its loan disbursal rate by reaching out to more small businesses in underserved regions.