Ergos
Company

Last deal

$9.86M
Local Amount - INR 828M

Amount

Series B

Stage

22.09.2023

Date

3

all rounds

$37.33M

Total amount

date founded

Financing round

General

About Company
Ergos is a transformational bank for farmers, providing integrated supply chain solutions.

Industry

Sector :

Subsector :

Keywords :

Also Known As

ERGOS

founded date

01.04.2012

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

Ergos builds micro warehouses and offers custodial services, loans, and market-linkages to farmers. Their digitally connected rural warehouses help farmers store produce, avoid distress sales, and reduce wastage. They also work with NBFCs and banks to provide liquidity and financing options. Ergos aims to make agriculture profitable by offering innovative options like future contracts and derivatives. Farmers can convert their grains into tradable digital assets and get better prices for their produce. Founded in 2012, Ergos is headquartered in Patna, Bihar.
Contacts
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Financials

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3

Number of Funding Rounds

$37.33M

Money Raised

Their latest funding was raised on 22.09.2023. Their latest investor Abler Nordic. Their latest round Series B

Date 
Funding Round 
Investors 
Money Raised 
Lead 
22.09.2023
4
$9.86M
Local Amount - INR 828M
22.09.2023
08.02.2021
2
$11.5M
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Praveen Kumar
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Praveen Kumar is the COO and Director at Ergos. He is also the Head- Farmer Relationship and Field Operation at Ergos. Praveen has two decades of experience in building and scaling agriculture activity and operations across various crop(Maize, Wheat, Paddy etc) implements etc in Samastipur (Bihar). He has deep domain experience in agriculture and allied sectors. He is passionate about the social sector and has worked extensively advising and mentoring farmers which help assist them right from input adviser to produce management in the same geography.

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Ergos
Ergos

organization founded

1

Praveen Kumar

Kishor Kumar Jha
Kishor Kumar Jha

Kishor Kumar Jha

Kishor Kumar Jha is the Co-Founder, CEO, and Director of Ergos.

current job

Ergos
Ergos

organization founded

1

Kishor Kumar Jha

Employee Profiles
7
Umesh Gowda

Umesh Gowda

Chief Technology Officer

Ashutosh Sinha

Ashutosh Sinha

Business Head

Sanjeev Kumar

Sanjeev Kumar

Farmer Engagement & Technology

Dinesh Kumar Mittal

Dinesh Kumar Mittal

Director and Chairman

Kundan Kumar

Kundan Kumar

Cluster Head

Praveen Kumar

Praveen Kumar

Co-Founder/COO and Director

Kishor Kumar Jha

Kishor Kumar Jha

Co-Founder & Director

Activity

Recent News
3
News Timeline

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