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Finance

Stellapps Technologies raises $26 Mn to accelerate its mooMark dairy business

The round saw participation from existing investors (Blume Ventures, Omnivore, Bill & Melinda Gates Foundation, IDH Farmfit Fund, 500 Startups & Blue Ashva Capital), and new investor Miledeep Capital. Dairy…

Rallis India’s revenue reaches Rs 928 Cr, registering 11% growth YoY in Q2 FY25

Company’s Profit after Tax increased by 21 per cent to reach Rs 98 Crore Domestic Crop Care delivered volume led revenue growth of 11 per cent with prices impacting overall…

SBI Foundation & Villgro launch ‘Innovators for Bharat’ portfolio featuring 14 innovative agri-tech startups

The 14 onboarded cohort startups are solving critical sustainability issues like reducing post-harvest losses, creating value from agricultural waste, and mitigating CO2 emissions.  SBI Foundation and Villgro recently announced the…

Samunnati raises Rs 1123 Crore Debt fund during the first half of FY25

Prominent banks Kotak Mahindra Bank, Indian Overseas Bank, ESAF and Karur Vysya Bank join hands with Samunnati. Samunnati, a leading agri value chain enabler company, dedicated to empowering smallholder farmers,…

Micropep closes Series B Round at $40Mn after supplemental funding from Corteva, and Sparkfood

The capital will propel ongoing support for Micropep’s pipeline of sustainable micropeptide solutions to develop affordable, effective crop protection solutions. Micropep Technologies (Micropep), the global leader in micropeptide crop protection…

IFC join hands with Axis Bank to provide a $500 Mn Climate loan in India

 The climate loan aim to promote sustainable growth, create jobs and finance green/blue projects. The International Finance Corporation (IFC), a member of the World Bank Group and the largest global…

SLCM, PNB and Bandhan Bank collaborate to offer unified collateral management solutions

SLCM will leverage its patented technology ‘Agri Reach’ and support these banks by offering more efficient post-harvest credit and advanced storage services to its stakeholders. Sohan Lal Commodity Management (SLCM),…

BioPrime closes $6 Mn in Series A round funding to advance development of biologicals

The company plans to launch its existing range of innovative biostimulants in North America, Brazil & Southeast Asia with trials in the US currently underway. BioPrime, a pioneer in the…

Gujarat Co-operative Milk Marketing Federation (AMUL) records turnover of Rs 59,545 Cr in 2023-24

The group turnover of Brand Amul reached Rs. 80,000 crores (USD 10 billion) in 2023-24 from Rs 72,000 Crores (USD 9 billion) in 2022-23. The 50th Annual General Meeting of…

Delhi based Indogulf Cropsciences plans Rs 200 Crore IPO

Out of the IPO proceeds, Rs 100 Crore will be used for working capital, Rs 40 Crore for debt repayment, and Rs 14 Crore for setting up a dry flowable…

 Mahindra’s FES records sale of 43201 tractors in India during September 2024

Total tractor sales (Domestic + Exports) during September 2024 were at 44256 units, as against 43210 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

Sahyadri Farms achieves the turnover of Rs 15,489 Mn in FY 2023-24

Company records a remarkable 55 per cent growth in revenue from the previous year, with industry-leading EBITDA margins of 11.08 per cent. Nashik based Sahyadri Farms, India’s largest fully integrated…

Arya.ag releases its Impact Performance Report

The report highlights that 85 per cent of farmers accessed financial services through Arya.ag’s platform, and 87 per cent of MSMEs accessed working capital. Arya.ag, India’s largest and only profitable…

Agreena join hands with IFC to boost bank support for regenerative agriculture

The collaboration aims to expand the regenerative agriculture transition through improved access to finance for farmers, while supporting banks to achieve their green finance goals. The International Finance Corporation (IFC),…

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