Agri-finance startup ONO has raised $1.2 million in a pre-Series A funding round led by Aeravti Ventures.
The round also witnessed participation from angel investors and Tremis Capital.
This marks Aeravti Ventures’ second investment in ONO after previously leading the startup’s seed funding round.
According to the company, the fresh capital will be used to strengthen its technology platform, expand into newer markets, and deepen its lending infrastructure focused on agriculture SMEs.
Founded by Rama Rao Kancharapu and David Pokuri, ONO operates a data and AI-driven platform focused on post harvest agriculture supply chains and financing solutions for agri businesses.
The platform supports farmers, traders, transporters, and buyers through market intelligence, pricing insights, logistics support, and access to formal credit.
ONO currently operates across 12 states and more than 125 districts, serving over 1.3 lakh participants within the agricultural ecosystem.
The startup claims to have more than 2,000 paid subscribers and has facilitated payouts exceeding ₹200 crore through its platform.
According to the company, it has also enabled the movement of over 25,000 metric tonnes of agricultural produce through long distance trade routes.
As part of its expansion strategy, ONO has acquired a significant stake in a non-banking financial company (NBFC) to strengthen lending operations and improve credit accessibility for agri-SMEs.
The funding comes amid rising investor interest in agritech and rural fintech startups leveraging AI, supply chain intelligence, and embedded finance to improve agricultural productivity and market access in India.