Hesa is a rural e-commerce startup from India that aims to serve the vast countryside's "Next Billion Consumers." With a unique model integrating AgriTech and Commerce, Hesa has achieved a monthly GMV of USD 15 million as of March 2023, and boasts a network of over 35,000 Hesaathis across 5 states. Recognized as a top 3 winner in the 'Best Start-up' category at the Telangana State Industry Awards 2021, the founder and CEO also gained attention as a top entrepreneur to follow in 2021 by Business Sight. Hesa's key proposition is its aggregated platform, linking rural customers with Village Level Entrepreneurs (Hesaathis) for various products, services, and financial transactions. Currently operating in over 50,000+ villages, Hesa aims to expand its reach, envisioning itself as Rural India's most expansive integrated marketplace, connecting 650,000+ villages. Having raised a Seed Round investment of INR177.00M on 02 June 2022 from significant investors including Venture Catalysts, Inflection Point Ventures, Sprint Vc, We Founder Circle, and Faad Network, Hesa is poised to revolutionize rural commerce. With a focus on harnessing the potential of 850 million rural consumers, the startup is on a mission to bridge the rural-urban commerce divide, stimulate rural economic growth, and champion micro-enterprise creation. Hesa represents not just an e-commerce platform, but a movement shaping the future of rural commerce.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Seed Round | INR177.00M | 5 | 02 Jun 2022 | |
Seed Round | $1.50M | 1 | 15 Dec 2021 | |
Grant | $450.00K | 1 | National Bank for Agriculture and Rural Development (NABARD) | 06 Oct 2021 |
Seed Round | Unknown | 1 | Thirteen Initiatives | 01 Jul 2021 |
Seed Round | $2.00M | 10 | Salil Chakrabarty Innovation Fund, MABS +2 | 30 Jun 2021 |
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