Agraga, a digital freight forwarder working with cross-border logistics, has raised ₹100 crore in its pre-Series B funding round led by Bajaj Finserv Group. The round also saw participation from existing investor IvyCap Ventures, alongside select global angel investors.
The fresh funds raised will be used to expand its cross-border logistics capabilities, strengthen its LCL (Less-than-Container Load) vertical and scale its technology investments across automation, real-time visibility, and embedded financial services. The company also plans to expand its presence across major Indian export clusters.
Founded in 2021 by Venkatesh Narayanaswamy and Anoop Raghavan, Agraga provides a unified platform that integrates freight booking, customs, warehousing, and embedded financial services. Agraga aims to simplify cross-border logistics for MSMEs and mid-market enterprises by offering real-time pricing, tracking, and compliance workflows.
Agraga offers services including rail and road transport, ocean and air freight, warehousing, customs, insurance, and finance.
Since its inception in 2021, Agraga has served more than 700 customers and 1,000 vendors across 40 geographies, with partnerships with leading financial institutions such as ICICI Bank & IDFC First Bank.
Its subsidiary Byteport Logistics focuses on channel-partner aggregation for MSME and LCL customers.
Venkatesh Narayanaswamy, Co-founder and CEO, Agraga, said, “This investment marks a major milestone in Agraga’s journey to make global trade simple, transparent, and reliable for Indian exporters. We are grateful to our investors for their continued belief in our vision. The new capital will allow us to deepen our technology stack, strengthen partnerships across trade ecosystems, and expand internationally, all toward our mission of making global shipping as easy and reliable as booking a cab.”
Sam Subramaniam, President – Private Equity and Group Strategy Head, Bajaj Finserv, said, “At Bajaj Finserv Group, we invest in tech-driven businesses that act as ecosystem enablers and demonstrate sustainable, long-term value. Agraga perfectly fits this mandate with its technology-led platform that serves the global shipping needs of mid-market and SME clients. By delivering seamless logistics integration, it enables clients to connect to global supply chains and build scalable growth. We look forward to supporting Agraga in its next phase of expansion.”
Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, said, “Agraga is redefining the future of logistics by leveraging technology to simplify global trade for India’s MSMEs—a segment critical to our economy. Their integrated platform approach, combining automation, visibility, and financial enablement, is addressing long-standing inefficiencies in cross-border freight. We are happy to continue our partnership with Agraga as they scale their impact and strengthen India’s position in global supply chains.”
