About the Company
ReshaMandi is rewriting the story of India’s natural fibre ecosystem by digitising the process of procurement. This one of a kind agri-tech enables scientifically graded cocoon procurement.
It is India’s 1st agri-tech start-up focusing on digitising silk supply chain by providing an AI & IoT-led digital ecosystem for silk, starting right from the farm to the consumer, thereby providing fair pricing to farmers.
It also offers a mobile application enabling cocoon and yarn quality assurance, price monitoring, and customizable procurement of silk. The company aims to modernise communication among sericulture farmers, silk reelers, fabric weavers, silk businesses and retailers. Currently, ReshaMandi has 15 centres in Karnataka (13 procurement centres and 2 collection centres), 1 in Maharashtra, and 1 in Andhra Pradesh.
Apart from silk, ReshaMandi has diversified into other natural fibres like cotton, hemp, jute, bamboo, and more. Currently, ReshaMandi has 44 centres (30 procurement centres and 14 business centres) across the natural fibre belt of our country.
The company has raised a total of USD 48.1 mn in funding over 5 rounds from investors like Creation Investment, Omnivore and Strive.
In FY22, ReshaMandi recorded revenue of approx. INR 450 crores and aimed to increase their revenue to INR 2000 crores in the current financial year. With a competitive target and a large supply chain system to maintain, the company needed working capital to achieve its current financial year objectives.