Otipy, a farm-to-fork delivery company, has raised $2 million in venture debt from Nuvama Asset Management.
Otipy plans to use these funds for general corporate purposes, further strengthening its operations and expansion plans.
Till date. Otipy has raised $46 million, including a $32 million Series B round from Westbridge Capital in 2022.
Founded in 2020 by Varun Khurana, Otipy follows a farm-to-fork delivery model, sourcing fresh produce directly from farmers and delivering it to consumers every morning.
On a direct-from-farm model, Otipy delivers fresh produce to consumers each morning. Currently serving Delhi-NCR and Mumbai, the company plans to expand to Hyderabad, Bengaluru, and Chennai soon.
Recently, Otipy launched a pilot project in Gurugram, introducing electric carts for offline fruit and vegetable sales. The company plans to expand this initiative with a franchise model, extending its reach to more cities, including Mumbai.
