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Plenty Secures $140 Million from Softbank Vision Fund

15Oct By AdityaNo Comments

FUNDING

Plenty Secures $140 Million from Softbank Vision Fund

SOUTH SAN FRANCISCO, Calif., 15th Oct 2020-- Plenty Unlimited Inc. has secured a $140 million USD Series D round, led by existing investor Softbank Vision Fund 1 and including new investor Driscoll’s, the world’s leader in fresh berries. The investment will be used to fuel Plenty’s growth, including the execution of recently announced commercial collaborations with Albertsons and Driscoll’s, and the development of its new farm in Compton, California. To date, Plenty has raised over $500 million, making it the leader in sustainable, indoor vertical farming. “In just 30 years time, the world will need 70% more food than we currently produce, requiring more efficient use of land and water,” said Jeff Housenbold, Managing Partner at Softbank Investment Advisers. “Without innovation in a...

29May By NitishNo Comments

FUNDING

Ready to Cook Food Startup Raises $5 Million Series B Funding

Bengaluru based YCook, a ready-to-cook processed package food startup raises $5 million (about ₹33.7 crore) in a Series B funding. The current funding round saw participation from Binny Bansal led venture capital firm 021 Capital, Oikocredit. The existing investor Omnivore also participated in this round. The food company will use this funding to acquire certifications, improve facilities and marketing. The company launches a food product known as Ta-daa with the aim to revolutionize cooking and encourage more people to eat healthy, wholesome, home-cooked meals. The product sells across most of the retail stores like Reliance Retail, Big Bazaar, and Nature's Basket and online ecommerce platform Amazon, Flipkart, Bigbasket etc.. Founded in 2013 by Janardhan Swahar, Vijay Reddy and ...

8Nov By PriyankaNo Comments

FUNDING

Agri-Logistics Startup FarmLink Raisses $3M Funding

[dropcap]M[/dropcap]umbai based agri-tech platform FarmLink Agri Distribution and Market Linkage Pvt Ltd has recently raised a sum of $3 million from the Indian arms of Pioneering Ventures, Swiss incubator/investment firm and agrochemicals company Syngenta AG. Incubated at Pioneering Ventures itself, the startup provides end-to-end logistics solutions for the supply of fruits and vegetables. The fresh funds will be used to expand its reach and penetration and strengthen its technology and analytics capabilities in the supply chain segment. “FarmLink’s focus is to develop India’s underserved regions. It is associated with more than 700 farmers to improve the quality and quantity of their produce. The company intends to reduce agricultural waste by streamlining the value chain to less th...

26Sep By PriyankaNo Comments

FUNDING

Bengaluru Based Startup CropIn Technology Solutions Raises $2 Million Funding

Cropin Technology Solutions, a Bangalore-based startup has formally declared its investment deal with Sophia Investment ApS, Denmark. This series A investment of $2 million, upswings the scalability of the company and provides it a sizeable balance required to increase its operation on the technical front and market expansion. The deal is a shot in the arm for CropIn Technology considering the avenues available in the agricultural sector and the CAGR of farm management software industry (ICT) growing at a pace of over 17% in India. "A robust growth chart, faith of our existing investors and continued traction in the agri business space for penetration made it ideal for us to raise this investment with an intent of expanding our belief of serving 20 million farmers by 2020. CropIn uses d...