Total amount raised
$36.3 Millions
Latest funding date
7/1/2021
Location
Animall has successfully raised significant funding through multiple rounds, with the latest being a Series B round.
The platform offers a comprehensive suite of services for buying and selling livestock online, along with additional features like veterinary consultations and fraud detection tools.
What Is Animall?
Founded in December 2019, Animall is based in Bangalore, Karnataka, India. The company was established by Anurag Bisoyi, Kirti Jangra, Libin V Babu, Neetu Yadav, Phool Yadav, Rakesh Yadav, and Sandeep Mahapatra.
Animall offers a platform for buying and selling dairy and cattle online, leveraging technology, data science, and design to enhance the dairy ecosystem in India. The platform also provides veterinary consultation services, a Q&A feature, a price estimation tool, and a referral and reward program.
With a team of 101-250 employees, Animall continues to grow, aiming to build efficiencies in the dairy industry through its comprehensive suite of services.
How Much Funding Has Animall Raised?
- Pre-Seed Round
- Amount Raised: ₹1.5M
- Date: January 2020
- Lead Investors: Gauri Kanekar, Rakesh Yadav
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial features.
- Seed Round
- Amount Raised: ₹56.5M
- Date: May 2020
- Lead Investors: BEENEXT
- Valuation at Round: ₹25 crore
- Motivation Behind the Round: To expand the platform's reach and enhance service offerings.
- Venture Round
- Amount Raised: $13.8M
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technology infrastructure.
- Series A Round
- Amount Raised: ₹445M
- Date: November 2020
- Lead Investors: Peak XV Partners
- Valuation at Round: ₹175 crore
- Motivation Behind the Round: To accelerate growth and expand market presence.
- Series A Round
- Amount Raised: $2M
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance platform capabilities and user experience.
- Series B Round
- Amount Raised: ₹1B
- Date: July 2021
- Lead Investors: Nexus Venture Partners, SIG Global India Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To solidify market leadership and drive innovation.
Total Amount Raised: $15.8M + ₹1.5B
Current Valuation: Not publicly disclosed
Key Investors
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, consumer services, enterprise solutions
- Notable Investments: Delhivery, Druva, Unacademy
- SIG Global India Fund
- Details: SIG Global India Fund is an investment fund that focuses on high-growth companies in India.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Byju's, Swiggy, PolicyBazaar
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that invests in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: OYO, Ola, Zomato
- BEENEXT
- Details: BEENEXT is a venture capital firm that invests in early-stage companies.
- Investment Focus Areas: Technology, consumer services, enterprise solutions
- Notable Investments: NoBroker, Khatabook, Moglix
- Gauri Kanekar
- Details: Gauri Kanekar is an individual investor.
- Investment Focus Areas: Technology, consumer services
- Notable Investments: Not specified
What's Next for Animall?
Animall is poised to capitalize on the vast, unorganized cattle trading market in India. By leveraging its e-commerce model, the platform aims to bring structure and efficiency to this traditional sector. The potential for growth is substantial, with the company already claiming to be the largest trading platform for cattle in the country.
Future fundraising opportunities look promising, given the rapid increase in Animall's valuation and the strong interest from prominent investors like Sequoia Capital. This financial backing will likely enable the company to expand its reach and enhance its service offerings, including veterinary consultations and dairy farming advice.
However, challenges remain. Organizing a traditionally unorganized market is no small feat, and ensuring the reliability and trustworthiness of transactions will be crucial. Additionally, competition from other emerging platforms could pose a threat. Despite these hurdles, Animall's strong foundation and strategic vision position it well for continued success.
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