BharatAgri raises $2 Mn in fresh funding round
The new round of funding will be used to enhance product features and scale up operations to newer states
Image credit: icrisat.org
Agtech start-up LeanCrop Technology Solution Pvt Ltd (BharatAgri) has raised US$ 2 million in pre-Series A funding from 021 Capital and India Quotient. “This round of funding will be used to further enhance product features and scale up operations to newer states in India. Our unique product offering has been well accepted by farmers on a large scale. We are among the few agri-tech companies in India that have been able to monetize advisory at scale, that too digitally, with over 43,000 farmers using our premium service package,” said Siddharth Dialani, CEO and Co-Founder of BharatAgri.
Alumni of the Indian Institute of Technology-Madras, Sai Gole and Dialani, who founded BharatAgri in 2017 offers farmers season-long plans that are customized to the crop and field conditions to improve farm yield and quality of produce. The plans include real-time actionable insights that cater to weather-related changes during the season, backed by data science and real-time monitoring using satellite imaging.
BharatAgri has a user base of over 400,000 farmers in Maharashtra and Madhya Pradesh offering both free and premium paid services. Besides advisories, premium users get annual soil and water quality checks. In terms of impact, farmers have seen over a 40 per cent increase in yield and a significant reduction in costs, the organization claims.