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.

Related Topics

Starting a Business

5 Solopreneur Mindset Shifts and Why They're Critical to Your Success

As a solopreneur, don't reinvent the wheel or start from scratch. You are here because you have two things: an idea and passion.


Survival Kit for Solopreneurs: 5 AI Tools to Maximize Productivity

The entrepreneurial journey is not a straightforward one. Rather it requires the founder to don multiple hats for marketing, sales, ideation, content curation, and raising funds. Solopreneurs of today are being molded to lead the businesses of tomorrow. And they do require some helping hands in the form of artificial intelligence.


A Guide to Effective Crisis Leadership — Key Steps to Lead Your Team Through Turbulent Times

The essential strategies and skills required to be a successful crisis leader and guide your organization through difficult times.

Starting a Business

16 Accelerators Designed to Fast-Track Small Business Founder Success

If you want to start up, level up, or scale up, look into these accelerator programs being offered by the big businesses on our Champions of Small Business list.

Personal Finance

5 Entrepreneurial Mindset Principles That Empower Financial Literacy

Adopting the right mindset is key to financial literacy. Follow these five guiding principles to enhance your understanding of wealth creation and growth.


11 Strategies to Help Entrepreneurs Thrive in the Face of Adversity and Criticism

How to effectively handle criticism and use it as fuel for success