Supply chain digitizer Silo raises $9 Mn in Series A funding

 Cloud-based supply chain streaming platform Silo has raised a $9 million Series A led by Andreessen Horowitz. Other investors in the round include investors Initialized Capital and Haystack Ventures. This brings its total funding to $12 million since launching in 2018.   San Francisco-based Silo is ho...Read more

Japanese firms Mitsui and Nisso jointly acquires 56% stake in Bharat Insecticides Ltd

     New Delhi based company Bharat Insecticides Limited, specializing in agrochemical products, is now associated with Mitsui & Co., Ltd., ("Mitsui", Head Office: Tokyo) and Nippon Soda Co., Ltd., (“Nisso”, Head Office: Tokyo). Mitsui and Nisso have acquired 56% stake in BIL throu...Read more

Bayer opens application window for Grants4Ag  

     Bayer announced that it has opened the application window for its Grants4Ag initiative. First introduced in 2015, the initiative has evolved in 2020 to offer researchers financial and scientific support to develop ideas for novel solutions across all research and development areas in the Divi...Read more

NABARD sanctions Rs 1,568 cr under Agri Infra Fund

The National Bank for Agriculture and Rural Development (NABARD) has given in-principle sanction for Rs 1,568 crore worth of proposals received from agri-credit societies in 22 states under the recently launched Rs 1 lakh crore Agri Infrastructure Fund, the Parliament was informed on Tuesday.  Agriculture Mi...Read more

Suguna Foods inks $15 Mn deal with ADB to sustain poultry farming operations  

 The Asian Development Bank (ADB) has signed an agreement for $15 million of debt financing through the subscription of nonconvertible debentures for Suguna Foods Private Limited (Suguna), in equivalent Indian rupees, to help sustain poultry farming operations, as well as rural livelihoods and food security i...Read more

Investments in Indian Agritech companies hit $532 Mn mark

In its report 'Agritech-towards transforming Indian agriculture', Ernst & Young (EY) recently revealed that India's burgeoning startup ecosystem has been actively playing its part in disrupting the agriculture sector. According to EY, the multinational professional services firm headquartered in London, agrite...Read more

Amul to invest Rs 1500 crore in dairy ,edible oil, bakery and potato processing

      Gujarat Cooperative Milk Marketing Federation Ltd GCMMF, which markets dairy products under the Amul brand, will invest around Rs 1,000 crore over the next two years to set up milk processing plants, and another Rs 500 crore on facilities for new products like ...Read more

Agritech startup Aibono secures USD 2 million funding

  Agri-tech startup Aibono has raised USD 2 million (about Rs 15 crore) from investors to fund expansion plan and growth of the business,said Vivek Rajkumar founder of Aibono. The Bengaluru based firm is an end-to-end aggregator platform that connects premium perishable vegetables from farm to f...Read more

New Fund by HSBC to focus on climate change issues

With the goal to be the world’s largest natural capital manager, HSBC Global Asset Management has entered into a joint venture with Pollination Group, a specialist climate change advisory and investment firm, to establish an asset manager dedicated to natural capital themes.Christof Kutscher who will be name...Read more

India's agriculture attains growth rate of 3.4% in Q1 FY2021

Amid the GDP performance of all sectors, agriculture has achieved a bright spot by clocking a growth rate of 3.4 per cent at constant prices in the first quarter of 2020-21. The growth, driven largely by a bumper rabi harvest and facilitated by relaxation in lockdown may not have resulted in a big rise in income ...Read more

NACL Industries posts 293.66 % rise in net profit in Q1 FY21    

Nagarjuna Agrichem (NACL), a Nagarjuna Group company  announced its Q1FY21 results on Aug 26, 2020. The company reported consolidated net sales of Rs 252.02 crore in Q1FY21, which rose by 31.95 per cent YoY from Rs 190.99 crore in Q1FY20. The company posted EBITDA of Rs 18.16 crore in Q1FY21 that rose by 139...Read more

ITC posts 3.7% growth in agri business 

    ITC's agri business recorded a growth of 3.7% in Segment Revenue driven by trading opportunities mainly in oilseeds and rice.    The business continued to leverage its strong farm linkages and wide sourcing network across geographies to secure supplies of critical grades of wheat with b...Read more