The platform will utilise the latest capital infusion to strengthen its tech offerings for farmers and uStore partners and increase its uStore network
Unnati Agri, a fintech-driven agriculture service platform, has raised Rs 60 crore in a Series A funding round from Incofin Investment Management, NabVentures, and Orios. Unnati will utilise the fresh capital to augment its tech infrastructure and increase its uStore network.
Unnati is enhancing its technology platform by adding a wide range of new features to its farmer and retailer apps, including the introduction of AI-led features related to farm diagnostics, farming lifecycle management, supply chain management for partners etc. The company is investing heavily in AI and Machine Learning platforms for bringing the latest digital tools to farmers and uStore partners.
As a part of its network augmentation, the platform is also looking at geographical expansion to Haryana, Andhra Pradesh, Madhya Pradesh, Rajasthan and further expansion in Uttar Pradesh, Bihar, and Maharashtra. Unnati aims to create five million ‘farmpreneurs’ by enabling them with relevant digital tools to power their farming business. Unnati is planning to invest heavily in farmer-focused initiatives in future. The transaction has been supported by Sumeet Seraf of Equity360.
