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.
In agtech, produce quality control platform Clarifruit raised $12 million while more layoffs struck the food delivery sector.
The category’s strong fundraising performance underscores its potential to positively impact Asia-Pacific, especially when it comes to smallholder farmers.
Meanwhile, it’s more bad news for food delivery, with a quick-commerce startup shutting down and a major service leaving Australia.
India is by far the region’s most advanced farmtech ecosystem, while a Chinese agricultural drone service raised the biggest farmtech round in 2021.
Investors poured a record-breaking $15.2 billion into Asia-Pacific agrifoodtech startups in 2021; in 2022, the region continues to break records.
From old timers with mega deals to up-and-comers just entering the space, here are the ghost kitchen startups leading the pack of a growing if somewhat controversial segment of the food industry.
Gramophone has partnered with Yara Ventures-backed Jai Kisan to add loans to its full stack portfolio of services for India’s smallholder farmers.
Indian insect biotech startup Loopworm secures $3.4m seed round led by Omnivore and WaterBridge to scale up research and development and production.
Layoffs, cuts, and reorganizations continue across the foodtech industry, especially for restaurant-related businesses like Sweetgreen and Deliveroo.
Farmley, India’s dried fruit and nuts marketplace, secured $6m in Series A funding led by DSG Consumer Partners and Alkemi Growth Capital
The Netherlands-based animal and fish feed producer has acquired close to 94% in Indian aquatech company Eruvaka as impact fund Omnivore and Eruvaka team exit.
The US alt-dairy startup has posted the winning ₹6.38 billion ($79.8 million) bid to take over Sterling Biotech, which entered liquidation in 2019.
The tech-enabled parks are a joint project between India, Israel, the UAE, and the US.
The 7th Agritec Africa Conference was a three-day event showcasing agricultural technologies. Key sessions involved organic agriculture, soil health and its conservation, agri-mechanization and application of plasticulture.
General Mills invested $3 million more into regen ag, Lunchbox acquired another restaurant ordering platform, and Cox delved deeper into indoor farming.
