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Finance

Cabinet approves infusion of equity of Rs10,700 Cr in Food Corporation of India in FY 2024-25

The infusion of Equity is a significant step towards enhancing the operational capabilities of FCI in fulfilling its mandate effectively. The Cabinet Committee on Economic Affairs (CCEA) chaired by the…

Marut Drones bags $6.2 Mn in Series-A funding from Lok Capital

Company plans to use the funds in developing advanced agricultural drones tailored to customer needs, expanding its channel partner network and service centres in Tier II and III cities. Drone…

Coromandel International posts total income of Rs. 7,509 Cr in Q2 FY 2024-25

Company’s profit after tax for the quarter was at Rs. 659 Cr as against Rs. 755 Cr for the quarter ended September 2023. Coromandel International Limited, India’s leading Agri solutions…

Arya.ag secures USD 19.8 Mn debt facility guaranty commitment from United States International DFC

Facility will expand Arya.ag’s assurance in commerce solutions across India’s grain commerce value chain.  India’s largest grain commerce platform, Arya.ag has secured a $19.8 Mn commitment from the United States…

FAHD launches $25 Mn Pandemic Fund Project for strengthening animal health security in India

Union Minister Rajiv Ranjan Singh, Ministry of Fisheries, Animal Husbandry and Dairying also released ‘Revolutionizing Animal Health: Standard Veterinary Treatment Guidelines and Crisis Management Plan during the event. Union Minister…

Avaana Capital raises USD 135Mn for climate fund to boost climate-tech startups in India

The Avaana Climate & Sustainability Fund will help build the next generation of climate-first companies to transform key sectors and make meaningful progress toward a sustainable future. Avaana Capital, India’s…

Carbon Robotics secures $70 Mn in Series D Investment round

Funding fuels growth of Carbon Robotics’ LaserWeeder™ business, introduction of new software and hardware products, and expansion of state-of-the-art manufacturing. Carbon Robotics, a leader in AI-powered farming, announced today that…

Tarun Singh, MD Highbrow Securities acquires 3.5% minority stakes in Magnus Farm Fresh

The investment will accelerate Magnus Farm’s expansion, allowing it to diversify its product offerings and expand its workforce. Magnus Farm Fresh Pvt Ltd, an Indian producer and exporter of fresh…

Best Agrolife delivers strong performance with enhanced profitability in Q2 FY25

Company posted Revenue from Operations at Rs. 746.6 Crore in Q2 FY25. Best Agrolife Limited, amongst India’s leading agrochemicals manufacturers, announced its unaudited financial results for the quarter and half…

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…

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