Warehousing News
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
Snowman Logistics ramps up operations to meet home delivery demand amidst the lock down
Snowman Logistics has announced that the company is running their operations 24x7 as cold storage warehousing and transportation are under essential services notified by the Government of India to meet the demand for home delivery of food, medicines and essential goods amidst the lockdown. Th...Read more
UP state Govt offers huge subsidy on wheat storehouses
Recently, the state government of Uttar Pradesh decided to give subsidy on the storehouse of wheat for the proper storage of wheat. Farmers have also completed the sowing of Rabi from the last week of October to November 15. Rabi crop which includes hard wheat, indigenous gram, linseed and ...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
Govt to build 31 Silos in Punjab to prevent food grain wastage
Raosaheb Patil Danve, Union Minister of State for Consumer Affairs, Food and Public Distribution said that so as to prevent the wastage of food grains in traditional storage system, Centre has decided to construct thirty one silos in Northern state of Punjab for proper scientific storage of food grains. Th...Read more
Agritech Leap India raises INR164 Crore in Series B round of funding
Coimbatore based Agritech and logistics firm Leap India Food and Logistics Pvt. Ltd. had recently announced that it has raised INR. 164 crore in Series B funding from the Danish SDG Investment Fund and Neev Fund. Leap India said in a statement that the Danish SDG Investment fund is a fund that is managed by Invest...Read more
SLCM digitally transforms 24X7 agri-warehousing call centre integrating AI
Sohan Lal Commodity Management (SLCM), India’s leading agri services solutions provider with operations across India and Myanmar, has digitally transformed the 24X7 call centre dedicated to its agri-warehousing operations in India and Myanmar into a paperless entity integrating artificial intelligence (AI), ...Read more
Amazon launches Farm to Fork pilot project in Pune
In order to provide fresh produce to its consumers, the ecommerce giant Amazon Retail India (ARIPL), recently announced that it is running a farm-to-fork pilot project in Pune, where it will be directly working with farmers to source fresh produce. According to an ET report, two sources familiar with ...Read more
UAE to invest USD 7 billion in Indian food sector
“UAE entities are expected to invest up to USD 7 billion in India's food sector in the next three years as part of the UAE-India food corridor project that aims to secure the UAE's food security” , said Commerce Minister Piyush Goyal in recent visit of UAE . These entities, coordinated by ...Read more