Cannabis has been removed from the country’s narcotics list, potentially paving the way for a new industry around hemp-based products and services.
Three of the biggest funding rounds announced in the last week involved on-demand food and grocery delivery startups from various countries.
Drones could be revolutionary for Indian agriculture – but their cost means they remain out of reach for most of the country’s farmers.
It will use the funding to launch into other countries through partnerships with local players.
US hospitality software provider Flipdish raised $100 million in a Tencent-led round, while UK indoor farming startup Vertical Future scored $29 million.
It’s boosting farm incomes and reducing food waste by providing logistics, warehousing, and financing solutions to small-scale grain growers.
It aims to create a “universally accessible cellular agriculture platform” by providing growth media and other solutions at relatively low cost.
The GROW Impact Accelerator is focused on innovations that allow for scalability while delivering tangible impact at an environmental or social level.
The Chennai-based startup will use the Series D funds to expand into “aligned” categories including alt-protein, according to CEO Karthik Jayaraman.
Remilk was one of a bevvy of agrifoodtech startups to close funding rounds above or around the $100 million mark this week.
The Shenzhen-based startup is about to open its first commercial-scale factory, which it says will bring prices of its plant-based products below those of animal equivalents.
The head of Olam’s spices business said that Brightseed’s data insights “will help us unlock the health potential and differentiation in our spice supply and fuel future innovation.”
Online farmer marketplaces like DeHaat, Bijak, and Animall were among India’s big winners when it came to venture investment last year.
The Bandung-based startup plans to launch into other major fish and shrimp farming markets, including China and India.
The Seoul-based startup closed a $15 million Series B round last month, with the Asian Development Bank among the participating investors.
The biological inputs market is predicted to grow at a CAGR of 11.9% over the next five years, compared to chemicals’ 3.7%, according to recent market research.
Elsewhere, soil-sensing company Stenon raised $20 million and John Deere showed off its first commercially available autonomous tractor.
Here’s wishing all of our readers, sponsors, and supporters a very happy 2022!
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.
The top three deals of 2021 involved companies from China, India, and the US – and were focused on grocery, food retail, and logistics.
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