Finance News
Agritech start up Ninjakart raises $10 mn from Flipkart India and Singapore-based GEC3
Agritech Startup Ninjacart has secured Rs 71.83 crore ($10 million) in a Series C funding round led by Flipkart India and Singapore-based GEC3 along with participation from Minu Kataria. This capital is the first tranche of the $50 million investment committed by retail giant Walmart in August last ...Read more
Protein Industries Canada invests more than $27 mn in Canola breeding project
Protein Industries Canada, along with industry partners, announced an investment of more than $27 million into a canola breeding project focused on making canola hybrids that produce high protein meal for downstream use. Higher protein canola meal will result in new, diversified, higher value markets for canola me...Read more
PI Industries completes acquisition of Isagro Asia
PI Industries has recently completed the process of acquiring Isagro (Asia) Agrochemicals Private Ltd from Isagro Spa and its affiliates. The deal was signed in October 2019. PI Industries is a leading name in the field of agro science and has an integrated approach towards agri sciences business...Read more
TechnifyBiz raises $2mn from Omnivore and Insitor Impact Asia Fund
Business-to-business (B2B) food commodity marketplace TechnifyBiz stated recently that it has raised over $2 million (Rs 14 crore) in its seed round of funding. The startup raised the funding from agritech-focused venture capital investor Omnivore and social venture capital fund Insitor Impact Asia Fund, Te...Read more
Licious raises Series E funding $30 mn, from Vertex Growth Fund
Banglore based gourmet meat start-up Licious, the fresh meat and seafood brand, has received a Series E funding round of $30 million. With the current round of fundraising, Licious has achieved the rare feat of attracting the highest funding in the industry, which puts them at the driver’s s...Read more
FarmERP raise Series A funding from Singapore-based strategic investor Technogen
Singapore-based strategic investor Technogen has invested in FarmERP, which is building AI-based Climate Resilience Intelligence, to help its users mitigate climate risks in agriculture and achieve sustainability. Shivrai Technologies Pvt. Ltd, which operates agriculture enterprise resource planning platform Farm...Read more
Agritech start-up Nu Genes raises $6 Mn to promote climate adoptable crops
Agri-tech start up Nu Genes Private Limited has raised $6 million from Innovation in Food and Agriculture (IFA) fund managed by Sathguru Catalyser Advisors. “The motive behind this investment is to address the future needs of farmers for the adoption of climate change and furnish with seeds that can adapt i...Read more
Utkal Tubers India Pvt Ltd to raise $5 million to increase potato seed output
Bengaluru-based Utkal Tubers India Pvt Ltd, a potato seed producer, proposes to raise additional capital of $5 million over the next 12 months to fund its expansion plans. The company plans to raise its annual production of high-yielding, disease-resistant seed potatoes to 50,000 tonnes over the next ...Read more
Experts demand scrapping GST on agri-inputs in pre- budget meet
The government should remove GST on agri-inputs, revamp crop insurance scheme, land lease rental while fixing MSP and ban futures trade on agri-commodities are some of the suggestions made by farm experts during pre-budget meeting with the Finance Minister on Tuesday. Measures to promote organic farming, cut in i...Read more
Agritech start-up Bijak raises $2.5 Mn from Omnivore, Omidyar Network
Agritech start-up Bijak on recently announced that it has raised over USD 2.5 million (about Rs 18 crore) from various investors, including Omnivore and Omidyar Network India, for expansion of its business. Sequoia Capital India’s rapid scale-up programme, Surge and Better Capital have also invested. ...Read more
Pune -based Agritech start up Ecozen raise $ 6mn funding from IFA, Omnivore
Agritech start up Ecozen on Thursday announced that the company has completed its $6 million Series A fund raise, from Sathguru Catalyser’s Innovation in Food & Agriculture Fund (IFA Fund). According to Devendra Gupta, Co-Founder &CEO of Ecozen, “The funding raised will enable us to expa...Read more
Walmart and Flipkart invest in Agri-supply chain start-up Ninjacart
Walmart and Flipkart recently announced a joint strategic investment in Ninjacart, a fresh produce supply chain start-up. The three partners aim to help ensure better access to high-quality fresh produce for more retailers and consumers across India while also creating economic opportunities for farmers, a joint s...Read more