A bumper two weeks of funding saw 14 startups raise $184m across on-farm biotech, biotech, satellite imagery, India, 3D printing, including Instacart's $400m Series D. There was also an ag data acquisition in the UK.
A varied week of agtech fundings includes a food waste-to-biofertilizer company, a leading global private equity firm, an Irish startup using artificial intelligence to find healthy peptides, a precision ag software startup, and more.
Welcome to AgFunderNews’ weekly roundup of funding and industry news from across the globe. This week, the increasing pension fund interest in farmland as an investment was further confirmed with a new $100 million commitment, while a private equity-backed Indian dairy company added to its recent IPO fundraising effort, and a couple of wine technology fundings were sure to have enthusiasts raising their glasses.
There is an emerging trend building in India for young startup businesses to partner with large, local corporates. Sickle Innovations, a business focused on designing efficient agri equipment for agriculture in India, as entered into one such partnership.
AgFunderNews recently had the opportunity to talk to Indian VCs at Aavishkar and Intellecap Impact Investment Network about portfolio company Agro Star and other technologies getting them excited in the sector.
This is the second part of Raghavan Sampathkumar's article on the prospects and challenges of agtech development in India. In part two he discusses realistic scenarios in the country's agriculture sector, and offers recommendations to agtech entrepreneurs.
This week's fundings include a private equity fund investment into a fruit and veg multinational, a $2m angel investment into a U.S. drone service and $4m into an Indian e-commerce service for farmers.
India's growing class of passionate and young entrepreneurs holds promise for the development of the country's agriculture sector, which supports nearly two-thirds of the population, writes Raghavan Sampathkumar, founder of SMARTAgBiz.