Data Snapshot: Seed stage deals more than doubled for India agrifood startups in FY21
Pandemic-related labor shortages and supply chain issues drove early-stage investment in solutions closer to the farm for India’s agrifood startups.
Pandemic-related labor shortages and supply chain issues drove early-stage investment in solutions closer to the farm for India’s agrifood startups.
A few months ago, Bayer and Microsoft announced a partnership. Our article about it went quasi-viral and spurred a number of responses. Here’s what the industry said.
Three of the biggest funding rounds announced in the last week involved on-demand food and grocery delivery startups from various countries.
Chicago-based impact investment fund VestedWorld has supported more than 20 African startups addressing critical social and market needs, like improving cost and value chain for food.
TerraMagna is one of several startups in Brazil looking to improve farmers’ liquidity.
US hospitality software provider Flipdish raised $100 million in a Tencent-led round, while UK indoor farming startup Vertical Future scored $29 million.
Agrolend will use the funds to increase its credit portfolio, enabling more options for farmers using its fintech platform.
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It was another busy year for AFN’s external contributors. Here are our 20 most-read guest posts, by unique pageviews, over the past 12 months.
OKO Finance offers crop insurance to smallholder farmers in Mali – one of the few fintech companies focusing on the landlocked West African country.
Catering startup ezCater kicked its valuation over $1 billion, alt-protein funding proliferated, and José Andrés started championing cultivated meat.
CEO Anthony Tan said the company will invest part of the proceeds into mapping tech in order to “deliver groceries more efficiently.”
In a sign of the times, an agrifood exec was invited to deliver the opening keynote at Singapore’s annual tech festival.
Kenya has emerged as a hotspot for agtech innovation in Africa, developing more than 100 solutions driving growth, productivity and sustainability in the agricultural sector.
An ADM spokesperson told AFN that it was “the first major food and ag company to have been invited to invest in FBN.”
Monarch Tractor will scale its manufacturing capabilities; while Bayer and Microsoft said they’ll build “the go-forward infrastructure” for digital ag.
It’s on a mission to help India’s 100 million dairy farmers and workers get access to formal banking and other financial services.
E-grocers, online ordering, and door-to-door delivery have entwined how people buy and consume food with the gig economy. Mozare3 thinks how food is grown should be, too.
The fintech startup is creating a digital community of women who are financially empowering other women – namely, unbanked smallholder farmers.
Indonesia’s TaniHub was the top-funded startup in the category according to AgFunder data, raising $66 million in May.