Krishitantra aims to optimize fertilizer application for farmers
Hyderabad-based Krishitantra, a soil-tech platform has recently announced that it has raised $1 million in its seed round of funding from agritech-focused venture capital investor Omnivore and Nabventures. Nabventures is anchored by Nabard (National Bank for Agriculture and Rural Development).
Krishitantra was co-founded in 2017 by Sandeep Kondaji, Dr Vishnuprasada Bhat, and Anand Bellan Raman. The company has developed a highly portable IoT device, branded as Krishi RASTAA, that generates soil test results within 30 minutes, precisely analyzing macronutrients, micronutrients, pH, organic carbon, EC, and microbial counts. Krishitantra will primarily use the funding to fuel its local and foreign expansion.
Krishitantra aims to optimize fertilizer application for farmers, increasing crop yields, reducing the cost of cultivation, and improving soil health.
Moreover, the company believes it can have a major impact reducing greenhouse gas emissions while promoting sustainable agriculture and soil conservation.
Krishitantra’s clients include farmers, FPOs, agribusiness companies, soil testing labs, and other agritech startups. While currently focused on the Indian market, Krishitantra also plans to enter select Southeast Asian countries in the near future.
Omnivore was founded by Mark Kahn and Jinesh Shah in 2010. Omnivore is investing out of its second fund, which marked the final close at $97 million (Rs 679 crore) last year. Its investments from the new fund include agri-tech startups Fasal and Clover and aquaculture platform Aquaconnect.
