Hesa Raises $2.3 Million In Pre-Series A Funding The fund raised will be used for the expansion to newer geographies, strengthening the technology and to increase the offerings

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Hesa, a rural-tech startup, has raised $2.3 million in pre-Series A funding round led by Venture Catalysts. The round also witnessed participation from Venture Catalysts USA Chapter, Faad, IPV, WFC and other angels. The fund raised will be used for the expansion to more geographies and to strengthen the technology platform along with increasing the offerings on agri-fintech and commerce.

"We are delighted with the backing and support of Venture Catalysts and other investors who have shown faith in our vision. Our primary objective is to provide a connection between financial services providers with their last-mile target consumers using a phygital approach," said Vamsi Udayagiri, founder and CEO, Hesa.

Hesa is defining rural commerce by helping with the last-mile physical and digital connection to rural India through its integrated B2B2C marketplace. The amalgamation of their rich and diverse experience is helping Hesa reach India's organized finances required by 6.5 lakh villages, as per company's statement.

"India's goal of a $5 trillion economy can best be realized through rapid rural development. Hesa's hybrid physical-digital last-mile delivery is a quick, efficient and cost-effective channel for buying and selling to India's next 1 billion rural customers," said Manish Modi, lead investor, Venture Catalysts.

Venture Catalysts is an integrated incubator. Their innovation provides value to startups through its extensive angel network, funding, community, services and co-working facility.

"With the size of population residing in rural areas, there is a growing need to erase the boundary between urban India and rural Bharat. Hesa is committed to serve these lesser-served markets through its superior, cutting-edge technological platform in a seamless manner," said Dr. Apoorva Ranjan, president and co-founder, Venture Catalysts.

Founded by Vamsi Udayagiri and Hema Nandiraju, Hesa leverages advanced technology that enables multiple API integrations to provide online, round-the-clock services in the key areas of fintech, agri buy-sell input or output, insurance, online education, catalogue-retail products and conducting branding events.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

Walter Elias Disney

Uncle Walt

Fundraising

These 30 International Entrepreneurs Really Are Solving the World's Problems

The world has countless problems, unless you're an entrepreneur, in which case the world has countless opportunities.

News and Trends

NeoSapien Secures INR 80 Lakhs on Shark Tank India 4 for AI Wearable

Founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien aims to integrate AI into daily life through its wearable technology

News and Trends

Accel Fuels Sarla Aviation's Flying Taxi Ambitions with USD 10 Mn Investment

Angel investors, including Binny Bansal (Flipkart co-founder), Nikhil Kamath (Zerodha co-founder), and Sriharsha Majety (Swiggy co-founder), also participated in the round.