Agritech | Pixr8 News

18May By AnkitaNo Comments

FUNDING

Agritech startup Eggoz raises $350k funding

Agritech startup Eggoz raises $350k (around Rs 2.5 crore) funding from investors to fund its expansion plans. Founded in December 2017, the startup is a full-stack egg producer of nutrition-rich eggs. It operates a network of poultry farms in Indian states like Bihar and Madhya Pradesh. Eggoz has raised $350k as part of its seed funding. It had earlier secured $200k from a clutch of angel investors. The seed funding round saw participation of investors like Tracxn Labs, Angellist, Tri-Deep Capital, founders of Letstransport, and angel investors along with existing investors Narendra Sankar, Sunil Mishra, and Vishal Sharma, the company said. Eggoz has so far sold over 20 million eggs and has more than 100k birds under management. It has developed a new farming model for small-sc...

Agricultural Commodities Platform Bijak raises USD 12 million

25Apr By AdityaNo Comments

FUNDING

Agricultural Commodities Platform Bijak raises USD 12 million

New Delhi, Apr 25th, 2020: Bijak, a B2B platform for agricultural commodities has raised USD 12 million (Rs 91 crore) from investors including RTP Global to enhance its technology team and roll out new features. In the Series-A round, led by RTP Global, the company said that its existing investors Omnivore, Omidyar Network India, Sequoia Capital India’s Surge, and Better Capital also participated. Bijak previously raised a USD 2.5 million Seed round in December 2019 from Omnivore, Omidyar Network India, Surge, and Better Capital. Gurugram-based Bijak is a platform that gives agricultural commodity buyers and sellers better prices, increased working capital, and optimised logistics. It aims to bring accountability and transparency into the agricultural value chain through a buye...

Clover raises $5.5 mn from investors including Omnivore

14Feb By PriyankaNo Comments

FUNDING

Clover raises $5.5 mn from investors including Omnivore

Agritech platform Clover has raised over $5.5 million (around Rs 39 crore) from investors including Omnivore. The company said in a statement that it has raised this amount in Series A funding from Omnivore alongside existing investors Accel and Mayfield. Clover is a greenhouse agritech platform, which partners with farmers across India and markets premium quality, branded, greenhouse-grown fresh produce through B2B and B2C channels. Accel and Mayfield had invested in Clover's seed round back in December 2018. Based in Bengaluru, Clover was co-founded by Avinash BR, Gururaj Rao, Arvind Murali, and Santhosh Narasipura. Avinash, co-Founder of Clover, said, "This additional funding will help to accelerate the growth of our managed farm network, support our entry into new cities...

Gramophone raises $3.5 million from Info Edge & others

7Aug By AdityaNo Comments

FUNDING

Gramophone raises $3.5 million from Info Edge & others

Agri-tech startup Gramophone raises USD 3.5 million in funding from Info Edge, Raveen Sastry (Co-founder of Myntra.com), Asha Impact and Better Capital. Info Edge is an existing investor in Gramophone, while Asha Impact is a platform founded by Vikram Gandhi (former Credit Suisse executive) and Pramod Bhasin (former President and CEO of Genpact), a statement said. The startup is rapidly scaling up its operations and will use the funds to expand across other Indian states. Founded in 2016, Gramophone provides actionable agronomic insights coupled with last-mile delivery of agriculture inputs to farmers through a smartphone app and a call centre. The startup's last-mile delivery model has helped them serve over 2.5 lakh farmers in the remotest villages across central India. "W...

25Apr By PriyankaNo Comments

FUNDING

Ninjacart Raises $89.5 Million funding from Tiger Global

After CEO Lee Fixel exit, Tiger Global takes first investment opportunity in Indian B2B startup Ninjacart. America based venture capital invested $89.5 million in agritech startup Ninjacart as per the data shows in regulatory filings from registrar of companies (RoC). NinjaCart which delivers and market agricultural produce given 26.5% stake to Tiger Global. After this round of funding, Ninjacart valued close to $320 million. This is the biggest one time investment by Tiger global in an Indian startup, previous large initial investments were Ola ($57.5 million), Delhivery ($43.6 million) and Hike ($43.2 million). Founded in 2015 by Thirukumaran Nagarajan, Ashutosh Vikram, Kartheeswaran K.K., Sachin Jose and Sharath Loganathan, NinjaCart connects farmers to end retailers an...

4Sep By AdityaNo Comments

FUNDING

Silicon Valley Based Flag Robotics Raises $3.5 Million Funding Led by True Ventures

SUNNYVALE, Calif. -- Bear Flag Robotics today announced a $3.5 million seed funding round led by True Ventures. The Silicon Valley-based agtech company Bear Flag Robotics is developing autonomous driving and implements control technology for agricultural tractors, freeing growers from hours of monotonous driving and the high cost of labor to fill tractor seats. As part of the raise, they have welcomed Rohit Sharma, venture partner at True Ventures, to the board. Including this round of funding, the company has raised $4.5 million total since Bear Flag Co-Founders Igino Cafiero and Aubrey Donnellan started the company in 2017. Today’s growers compete for skilled labor with the construction, mining and trucking industries. Research suggests that autonomous robots can lower labor expense...

4Nov By Press Trust of IndiaNo Comments

INDIA

Govt Woos Investors To Tap India’s Agri Sector

Agriculture Minister Radha Mohan Singh today called upon investors to leverage opportunities in the country's farm, dairy, poultry and fisheries sectors. The government is implementing various schemes to promote these sectors in order to double farmer's income by 2022, he said at the World Food India 2017 event here. "...the world is eager to study and adapt our growth strategy," he was quoted as saying in an official statement. He added that India has moved ahead from a country facing food shortages to becoming a food exporter. Addressed a conference on Fruits & Vegetables, Dairy, Poultry & Fisheries - Leveraging the Diverse India Opportunity at #WorldFoodIndia pic.twitter.com/DycJD2Jbpl — Radha Mohan Singh (@RadhamohanBJP) November 4, 2017 He said there are inve...

Agri Startup Gobasco Raises Funds From Matrix Partners

2Nov By PriyankaNo Comments

FUNDING

Agri Startup Gobasco Raises Funds From Matrix Partners

Agriculture supply chain tech startup Gobasco has raised an undisclosed amount of funding from Matrix Partners India. Co-founded by Vedant and Abhishek in early 2017, the startup aims to solve complex supply chain optimisation problems, by combining large scale data integration with proprietary technologies. The details about the funding round were not disclosed but Gobasco will be using the funds for scaling up and building a full stack commerce platform that yields higher operational efficiency. "The goal is to use artificial intelligence and big data to optimise the agri-supply-chain across India," said Abhishek Sharma, cofounder of Gobasco. The startup is based in Lucknow and NCR and has till now served 5,000 farmers till date. Also Read Bitcoin Shoots off the Roof, ...

Omnivore Partners Invested 6.5 Cr in Tech Startup For Trucks FR8

27Oct By NitishNo Comments

FUNDING

Omnivore Partners Invested 6.5 Cr in Tech Startup For Trucks FR8

Chennai-based FR8, a platform for trucking system raises Rs 6.5 Cr from Omnivore Partners Venture fund. The fund will be used for expansion, investing in technology and talent. FR8 founded in June 2016 by Jayend ran Panneerselvam and Vasanth Immanuel, already has 2,500 trucks from 400 vendors on the marketplace. It currently books around 1,000 orders worth about Rs 2.5 crore a month. The company has enterprise and F&B clients like Philips, Asian Paints, Pepperfry, Britannia, Preethi Kitchen Appliances and Paperboat. Immanuel, FR8 Founder, who worked for seven year at Asian Paints managing supply chain, said,“We offer a four-hour commitment to our clients and manually connect orders which have not gotten matched automatically. We believe that we are very capital efficient as we...