The South Korean startup will set up packing and warehousing facilities in 50 “strategic” countries while hiring to expand its engagement, fulfillment, and platform development teams.
The Toronto-based startup is hoping to digitalize an antiquated industry that relies on middlemen to broker deals between buyers and sellers.
Agriculture secretary Sanjay Agarwal told AFN in an interview that India’s new farmer laws are a boost for smallholders and tech entreprenuers alike.
Hyperledger Fabric tech allowed the agribiz giants to settle a North America-Southeast Asia transaction that would normally take a month in just five hours.
The design process is about not patronising farmers with solutions they do not need, but realizing farmers as concerned about boosting their bottom line in a tight margins business. “Every farmer is a CEO, Agrando’s founder tells AFN.
Investors included Omnivore and Better Capital, along with Omidyar Network India and Sequoia Capital India’s rapid scale-up program Surge.
Data analytics are bringing about the end of commodity business in food and agriculture, writes Mike Neal.
Descartes Labs has raised an oversubscribed $30 million Series B round led by new investor March Capital, with Cargill, Crosslink Capital, and Cultivian Sandbox also participating.
Farmers are all too familiar with the rampant uncertainty that riddles the markets and crops every season, so they should consider putting together a hedging strategy, writes Howard Marella.
