The funds will be used to expand business across India and Southeast Asia, strengthen full-stack services, and ramp up hiring for their sales and marketing, agronomy
Bengaluru-based precision agriculture platform Fasal has raised a $4 million pre-Series A round led by 3one4 Capital with participation from existing investors Omnivore and Wavemaker Partners. Other investors in this round include Genting Ventures (Malaysia), The Yield Lab Asia-Pacific, Antares Investments, and Sandeep Singhal of Nexus.
Fasal will use the funds raised in this round to expand their business across India and Southeast Asia, strengthen full-stack services, and ramp up hiring for their sales and marketing, agronomy, and technology teams. By ensuring maximum yield from small farms, Fasal’s eco-friendly and affordable precision farming solution is disrupting the $42 billion progressive horticulture industry.
Fasal is a full-stack AI-powered IoT SaaS platform for progressive horticulture. Using on-farm sensors and scientific algorithms, Fasal delivers farm and crop-specific actionable insights to farmers in vernacular languages. The platform is also working on a range of new services including F&V market linkages and parametric crop insurance.
