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.
Following the heals of Delivery Hero’s recent $110M funding announcement, two additional online food delivery companies have announced the close of respective funding deals. Blue Apron, a New York-based meal delivery service, recently sealed a $135M Series D funding deal led by Fidelity Management and Research Company.
Indian investment and holding company Aspada recently announced a $3.3M Series A investment in Delhi-based EM3 AgriServices. EM3 represents one of the first private sector ventures to tackle the field of farm mechanization and technology services.
India is currently witnessing the launch of its first Food and Agri-business Accelerator program. Many entities are involved with the accelerator, with the IIMA Centre for Innovation Incubation and Entrepreneurship (CIIE) and a-IDEA, the business incubator at Indian Council of Agricultural Research’s (ICAR) National Academy of Agricultural Research Management (NAARM) leading the program.