BREAKING: FMC, Omnivore lead $5m investment in Indian ag robotics startup TartanSense
Founder and CEO Jaisimha Rao claims it’ll have “the world’s largest fleet of agriculture robots in the next 18 months.”
Founder and CEO Jaisimha Rao claims it’ll have “the world’s largest fleet of agriculture robots in the next 18 months.”
The startup will use the capital to cement its presence in India and expand its food quality assessment platform to the Middle East and Europe.
Zomato, which competes for the mantle of India’s top food delivery app with rival Swiggy, is reportedly valued at $12.2 billion post-IPO.
The Chennai-based startup will use the pre-Series A funds to strengthen its fintech offering, while also boosting the volume of seafood exports it handles.
It started out as a last-mile food delivery app in 2011 before branching out to become a ‘full stack’ logistics and fulfillment platform.
The Mumbai-based startup says it has handled rural business transactions worth over $385 million during the past year, financing more than 15% of them itself.
Zomato, which was founded in 2008, has raised a total of $2.1 billion to date from the likes of Ant Financial, Temasek, and Sequoia Capital.
Swiggy also secured investment from sovereign wealth funds Qatar Investment Authority and Singapore’s GIC, according to an internal memo.
“If I tell suppliers I have 25% of retailers on my platform, that’s a very solid proposition compared to 5% of farmers,” Agrim co-founder Mukul Garg tells AFN.
Today, Earthbound agriculture. Tomorrow, mining asteroids in outer space…
TenderCuts is the first consumer-focused investment by the VC arm of state-owned agricultural bank NABARD, the fund’s CEO Rajesh Ranjan tells AFN.
Provivi will use the funds to sell its pheremone-based pest control products to smallholder farmers in Kenya, Bangladesh, and India at cost.
With this aqui-hire, DeHaat – which serves over 380,000 farmers across India – will be able to add financial services for farmers to its platform.
Grofers is reportedly targeting a ‘reverse merger’ that would value it at around $1 billion after negotiations with prospective buyers hit a dead end.
TeleSense is partnering with UPL, which will deploy the US startup’s grain storage monitoring tech in an effort to reduce spoilage and waste.
The Indian startup plans to build out its lending capabilities, as well as adding insurance and crop spraying to its roster of farmer-focused services.
The Indian company will use the Series C funding to expand its global presence and provide its AI-driven agronomy and financing solutions to more customers.
Delhi-based Arya, which provides grain storage and loans to smallholders, is fintech investor Quona Capital’s second ag finance deal.
Two Indian venture investors offer a breakdown of the country’s rapidly evolving agritech ecosystem from a product perspective.
Abu Dhabi has been looking at ways to produce more of its food closer to home in light of the pandemic, geopolitical flux, and advances in agtech.
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