MeraTractor gets 5 cr in pre-Series A

Pune: Agricultural mechanisation startup MeraTractor has announced that it has closed its pre-Series A funding round, of Rs 5 crore, led by a group of investors in the angel funds space, as well as prominent executives in the financial services sector.The company works primarily in rural markets, through a hybrid physical stores and digital sales model, for approved dealers to buy and sell tractors and other mechanised farm implements. While MeraTractor does not own any of the assets, it facilitates the transactions through its platform. The newly-closed round of funding takes its total fundraise to Rs 7.5 crore.The company has also tied up with multiple finance partners to help farmers with the required capital to buy tractors and other equipment.