The funding will be used to scale operations, enhance product development, and expand the company’s market presence.
Gocarin Industries Pvt. Ltd., a pioneering startup in the agri-tech sector, announced that it has secured Rs 49 lakh in funding from KIIT Technology Business Incubator (TBI) under the prestigious BIRAC Leap programme.
The funding comes as a part of the central government’s initiative to support innovative startups and bolster the entrepreneurial ecosystem in India. BIRAC Leap, an initiative under the Biotechnology Industry Research Assistance Council (BIRAC), aims to accelerate startups with potential for high impact and scalability.
The funding will be used to scale operations, enhance product development, and expand the company’s market presence, further solidifying Gocarin Industries’ position as a leader in the agri-tech industry.
Dr Ramanuj Panda, a Founder and CEO of Gocarin Industries, expressed his enthusiasm about this milestone: “We are honoured to receive this support from KIIT TBI and BIRAC. This funding will be instrumental in driving our mission to revolutionize the agricultural industry by empowering farmers with cutting-edge technology solutions. The validation from such esteemed institutions is a testament to our team’s hard work and dedication.”
Gocarin Industries has been at the forefront of providing innovative solutions to farmers, helping them improve productivity and sustainability. The infusion of funds will enable the company to enhance its product offerings, expand its reach, and continue to innovate in the agri-tech space.
KIIT TBI, known for its robust incubation support and mentorship, has been a catalyst for numerous successful startups. The BIRAC Leap programme, specifically designed for high-potential startups, will provide Gocarin Industries with not just financial support but also strategic guidance and mentorship.
“We believe in the vision and potential of Gocarin Industries. Their commitment to leveraging technology to solve real-world problems in agriculture aligns perfectly with the objectives of the BIRAC Leap programme,” said Dr Mrutyunjay Suar, CEO KIIT TBI, DG (R&D) KIIT University, Chairman BCKIC.
