Finance News
IFFCO contributes Rs. 25 Crore to PM-Cares Fund to fight Covid-19 pandemic
Indian Farmers Fertiliser Cooperative Ltd. (IFFCO) contributed an amount of Rs. 25 Crore to the PM-CARES Fund in service of the nation. In order to strengthen the country’s efforts at fighting against Corona Virus “COVID19”, IFFCO has humbly contributed the amount. &n...Read more
Agri-supply chain startup Ergos Bags $5 Mn from Aavishkaar Capital
Bengaluru-based agritech startup Ergos has raised INR 35 Cr ($5 Mn) in a Series A funding round from Aavishkaar Group’s equity investment arm Aavishkaar Capital. The Series A funding was expected to be a ₹100-crore round with an Aavishkaar Capital Limited Partner and a technolog...Read more
Syngenta Ventures to back start-up WeedOUT for first species-specific biological herbicide
Israel-based biological crop protection technology start-up WeedOUT recently announced the first close of a Series A round led by Syngenta Ventures to tackle weeds that are resistant to chemical herbicides such as glyphosate. If effective, this product could be revolutionary for the bio-crop protection space; it&r...Read more
Bioceres Crop Solutions raises $42.5 Mn to accelerate the launch of HB4 technology
Bioceres Crop Solutions Corp. ("Bioceres" or the "Company") (NYSE American: BIOX), a fully integrated provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, recently announced the closing of $42.5 million secured convertible promiss...Read more
Agritech Biotalys raises €45 million in Series C financing round
Biotalys NV, a rapidly growing and transformative food and crop protection company developing a new generation of protein-based biocontrols, recently announced the second closing of its Series C financing round with €10 million, bringing the total amount of capital raised through its Series C ...Read more
NABARD infuses Rs 1.46 lakh crore for rural banking system in FY2020
The National Bank for Agriculture and Rural Development (NABARD) has recenly announced that it had infused `1.46 lakh crore in the rural banking system so far in FY20, which helps augment credit flow into agriculture and other economic activities in the rural areas. The development bank said tha...Read more
Post-harvest services platform Arya raises $6 million in pre-Series B funding
Agri post-harvest services platform, Arya recently announced that it has raised $ 6 million in pre-Series B funding from Omnivore and existing investor LGT Lightstone Aspada. Arya provides post-harvest services across the agricultural value chain, including warehousing, warehouse receipt financing, rural storage d...Read more
NABARD sanctions Rs 35 lakhs to IIT Mandi and EWOK Society for setting up FPO’s
Indian Institute of Technology Mandi along with the Enabling Women of Kamand (EWOK) Society of IIT Mandi, have signed a Memorandum of Agreement (MoA) with the National Bank for Agriculture and Rural Development (NABARD) in recent for collaboration on setting up Farmer Producer Organizations (FPOs) in Mandi distric...Read more
Israel based startup Equinom raises US$10 Million to accelerate growth
Kibbutz Givat Brenner, Israel – Equinom, Ltd., the leading seed breeding startup, announces it has closed its Series B round of funding of $10 million, led by BASF Venture Capital, Germany followed by Roquette, France; and Trendlines Group, Israel. Equinom’s current investor, Tel Aviv-based Forti...Read more
Bengaluru based startup Clover raises $5.5 million in a Series A funding round
Greenhouse Agritech startup Clover has raised over $5.5 million in a Series A funding round, from venture capital (VC) firm Omnivore and existing investors Accel and Mayfield. Clover is an Agritech platform that works with farmers across India and markets greenhouse-grown produce through bus...Read more
Chennai based Agritech Startup WayCool Foods raises $32 mn from Lightbox
Chennai-headquartered WayCool Foods has raised U$32 Mn in a combination of equity and debt in its Series C round, the company said in a statement yesterday. The round was led by Lightbox and saw participation of FMO, the Dutch entrepreneurial development bank, as well as its current investor LGT Lightstone Aspada....Read more
Bayer CropScience Q3 net profit at Rs 137.9cr
Bayer CropScience Limited (BSE: 506285) recently announced its unaudited results for the quarter and nine months ended December 31, 2019. In the third quarter (Q3) of Financial Year (FY) 2019-20, Bayer CropScience Limited earned Revenue from Operations of ₹8,540 million, as compared to ₹7,751 million in ...Read more