Hesa, a rural tech business that offers a trustworthy unified social, digital, and physical commerce platform, has received an investment round of USD 2 million from Venture Catalysts, India’s first and largest integrated incubator and accelerator. Manish Modi of Mastermind Capital, along with Accelerator Fund and 9Unicorns, led the investment round at Venture Catalysts (VCats).
Hesa, launched in 2019 by Vamsi Udayagiri and Hema Nandiraju, integrates rural India’s value chains by allowing local brands and enterprises to collaborate as a community. Hesa’s comprehensive tech-led platform, which is complemented by the on-ground network of Village Level Entrepreneurs, enables businesses to reach, exhibit, demonstrate, convince, and transact with their client base of over 850 million people. Hesa’s multifaceted value proposition also targets a market that sits at the crossroads of India’s fintech and agritech sectors, which are expected to be valued USD 84 billion and USD 24 billion by 2025, respectively