DeHaat will exclusively sell formulations from Global BioAg Innovation (GBI) and Australia’s Aussan Laboratorie to smallholders in India.
Omnivore has announced the first close of its third fund, with $150m to pump into India startups aiming to make farming more profitable, resilient, and sustainable.
Agribusiness Marketplaces and Fintech was the most-funded upstream category for India agrifoodtech in 2022.
2022 was a lousy year for agrifoodtech investing, and India was not immune to the headwinds impacting global markets, with funding to Indian startups in the field dipping 33% year-over-year to $2.4 billion, according to AgFunder’s new India AgriFoodTech Investment Report 2023.
[Disclosure: AFN’s parent company, AgFunder, is an investor in Ai Palette.] Singapore-based startup Ai Palette is building out its capabilities to help food and beverage companies
The Global Impact Investing Network (GIIN) has launched a new tool for agriculture impact investment funds to measure the impact of their investments against others.
MITRA, an Indian manufacturer of fruit spraying equipment, has today been fully acquired by major automotive manufacturer Mahindra & Mahindra.
63% of consumers also agree that snacks with a higher environmental impact should cost more, according to Mondelēz International Malaysia & Singapore.
Data Snapshot is a regular AFN feature in which we analyze food and agriculture technology investment data provided by our parent company, AgFunder. Click here for more
BII plans to designate $250 million to African and Indian startups by 2026, including those developing solutions for smallholder farmers.
“Our work has always been at the intersection of climate tech and agri,” says Devendra Gupta, CEO of Ecozen.
Series D funding will expand cloud-based platform, Cropin Cloud, which unifies the company’s various apps and services for agriculture
Other people moves from the last month include a new chief marketing officer for Grabango and a new role for Upstream Ag’s founder.
Food delivery, cultivated meat, and bio-energy startups across Asia, North America and Oceana landed agrifoodtech’s top five deals of 2022.
In agtech, deals from Grow Indigo, FreezeM and others were all about insect farming, forest restoration and capturing more carbon.
Aquaconnect will use the new capital to build up its product portfolio for both pre-harvest and post-harvest services for the aquaculture industry.
Led by Swiggy, Restaurant Marketplaces raised $1.95 billion in FY22, scooping up the most funding of any agrifoodtech category.
Indian farmtech startups raised $1.5bn in the fiscal year ending March 31, 2022, which was around 30% of total funding but 60% of deal count.
DeHaat says the Series E round will help the company reach break-even profitability within the next 12 months.
Investment in farm technologies was particularly buoyant, increasing 185% year-on-year and accounting for 60% of the total number of deals closed.
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