[Press Release] Bijak launches its online marketplace in Maharashtra, Karnataka and Andhra Pradesh, creating market linkages for agricultural commodity traders

Bijak launches its online marketplace in Maharashtra, Karnataka and Andhra Pradesh, creating market linkages for agricultural commodity traders

-Aims at targeting 20,000 buyers and sellers.
-The App is also available in regional languages for user-friendliness.
New Delhi, November 23rd, 2020: After already being present in 22 states, leading Agri Commodity Trading startup ‘Bijak’ is expanding its operations in Maharashtra, Karnataka and Andhra Pradesh. The traders and suppliers of agricultural commodities in these states will be able to use Bijak’s online marketplace to discover verified buyers and sellers to trade over 90 commodities. With its expansion, Bijak aims to target 10,000 buyers and sellers in Maharashtra and 5000 each in Karnataka and Andhra Pradesh. The App will be available in the regional languages, ie, Marathi, Kannada and Telugu for a user friendly experience.

Bijak helps multiple parties in the agri trade discover each other along with counter party’s ratings/data so that the transaction can happen with minimal friction by accessing Bijak’s layer of trust & reliability thus ensuring payment safety. It also provides optimised & aggregated logistics based on real-time transaction data and commodity flow. Bijak also acts as an e-ledger for suppliers and buyers, maintaining the transaction history for both along with paving the way for quick and real time disbursal of payments and faster money rotation by facilitating credit.

Commenting on the expansion, Nukul Upadhye, co- founder of Bijak said, “B2B traders control 75 percent of India’s agri value chain, but are plagued by limited access to technology, information, and credit. By going to the grassroot level of trading in India, we are aiming to digitize physical mandis, artiyas (commission agents), dalaals (brokers), loaders, mills, and middlemen by providing them an online interface. This will also help us create market linkages and make an immediate impact on farmer incomes.”

The Bijak App is already available in languages such as Hindi, English, Tamil, Punjabi, Bengali and Assamese and has scaled to $150 million in annualised gross merchandise value. Twenty Thousand of buyers and sellers across more than 500 locations use the Bijak platform to transact everyday as the platform consists of verified buyers and ensures timely and safe disbursal of payments. 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.

About Bijak:

Bijak is a B2B marketplace for the agricultural commodities that enables traders, wholesalers and food processors to discover counterparties, get better pricing, and access working capital. Bijak brings accountability and transparency in the agricultural value chain through a buyer/seller rating system that’s based on real time transaction data. Users on the platform can leverage those ratings to identify and trade with reliable counterparts. Bijak’s approach of enabling the existing players in the value chain underscores the company’s vision to be a trusted partner of the agriculture commerce community.

Bijak was founded in January 2019 by Nukul Upadhye, Mahesh Jakhotia, Jitender Bedwal, Daya Rai and Nikhil Tripathi who, together, have deep experience spanning a range of fields including agri-tech, finance, consulting and SaaS. Bijak is backed by marquee investors such as Sequoia, Omidyar Network, RTP Ventures, Omnivore and Better Capital.


Share on facebook
Share on twitter
Share on linkedin
Share on email


3 Innovations for a Cleaner Environment You Never Heard Of

3 Innovations for a Cleaner Environment You Never Heard Of

Innovation in clean energy, sustainable infrastructure and eco-friendly solutions to environmental hazards are the need of the hour. The burden on the world’s natural recourses is immense, and it is high time we focus on renewability and diversification. While we are only scratching the tip of the iceberg, here are three innovations working to create an environment-friendly future.

How Can Entrepreneurs Overcome Loneliness?

How Can Entrepreneurs Overcome Loneliness?

Starting your own business is a project that will take over most of your life. You are straying away from the typical 9-5 jobs that your friends and family may have. The sheer effort you have to make to get a business up and running will leave you feeling lonely. While it might seem almost expected to feel lonely during your startup journey, loneliness is a slippery slope to several health conditions.

8 Techniques to Get Readers Rolling Right into Your Content

8 Techniques to Get Readers Rolling Right into Your Content

We’ve all been there. We’ve spent hours crafting the perfect blog post, article or white paper, but no one is reading it. Why? It could be for a million reasons, but often it’s because we’re not doing enough to get people to come to our content. In this article, we’ll learn about the eight techniques that will help you draw in readers and get your content read!

Amazon vs Flipkart Who Will Win Festival Sale War in India

Amazon vs. Flipkart: Who Will Win the Big Festival Sale War in India?

Amazon India and Flipkart, the two biggest ecommerce giants in India, have always been in a neck-to-neck competition for supremacy in the country. There is no better occasion to showcase their strength and take advantage of people’s shopping mood than during the Indian festive season, which begins in late September featuring various festivals, like Durga Pooja, Dussehra and Diwali.

Reviewing Top AI Boyfriends on Google Play Store

Anima vs. Replika: Reviewing Top AI Boyfriends on Google Play Store

Finding your perfect match can be a long and tedious process. You can go on date after date and still have a long way to go before you find your soulmate. In the meantime, you can curb your loneliness by speaking to an artificial intelligence (AI) chatbot.There are dozens of AI chatbots on the market today that give you the experience of having someone to vent your issues to and discuss your daily lives with.