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Finance

CIMMYT receives USD 21.1 Mn grant from Novo Nordisk Foundation for sustainable agriculture

Grant will be used to lead an innovation research initiative called CropSustaiN that is designed to reduce the nitrogen footprint of wheat cultivation. The Novo Nordisk Foundation has awarded a…

Gocarin Industries secures Rs 49 Lakh funding from KIIT TBI under BIRAC Leap Programme

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…

Sonalika Tractors reports sale of 41,465 tractors in Q1 FY2024-25

The company sold 14,062 tractors in the domestic market in June’24 which translates to sales growth of 16.6 per cent. Sonalika Tractors, leading tractor export brand announced that the company…

Union Ag Minister launches web portal for faster bank settlements of interest subvention claims

Investments worth Rs 72,000 crore have been mobilised with Rs 43,000 crore already sanctioned for 67,871 projects under Agriculture Infrastructure Fund till date. Union Minister for Agriculture and Farmers’ Welfare…

Mahindra reports sale of 45888 tractors in domestic market during June 2024

Total tractor sales (Domestic + Exports) during June 2024 were at 47319 units, as against 44478 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

IBISA raises $3 Mn to scale parametric insurance solutions across Asia and Africa

The round was led by The Acumen Resilient Agriculture Fund (ARAF) and Equator, alongside the Asian Development Bank Ventures (ADBV) and existing investors including Ankur Capital. Headquartered in Luxemburg, IBISA,…

Novo Holdings announces investment in Indian agri-food tech company, AgNext Technologies

Funding round will support the company’s efforts to develop technologies for food quality assessments and enable the building of a team that will scale its product sales internationally.. Singapore based…

Sid’s Farm raises $10 Mn in Series A funding led by Omnivore

The company plans to use funds for manufacturing, team building, and expansion in Hyderabad and Bengaluru. Sid’s Farm, the dairy brand announced that the company has secured $10 Mn (Rs…

Two Brothers Organic Farms raises Rs 58.25 Cr in Series-A funding round

The funding round was led by Rainmatter, an investment initiative by Zerodha, known for funding and incubating climate and health startups with a total capital infusion of Rs 50 crore.…

PM to release 17th instalment of PM-KISAN scheme at Varanasi

More than 9.26 Cr. farmers will receive the benefits amounting to over Rs 20,000 crore. Prime Minister Narendra Modi will release the 17th instalment of the PM-KISAN scheme on 18th…

Sonalika Tractors posts 5.2% sales growth in domestic market during May 2024

 The onset of the Kharif season, company has recorded 13,338 overall tractor sales in May 2024. Leading player in farm mechanisation sector, Sonalika Tractors announced that company has recorded 13,338…

Agritech startup DeHaat completes its Employee Stock Ownership Plan buyback programme

In its first ESOP buyback, 153 team members, which includes senior vice presidents to field teams, were benefited. Agritech DeHaat announced that company has issued employee stock ownership plan ESOPs.…

Mahindra’s FES reports sale of 35237 tractors in domestic market in May 2024

Total tractor sales (Domestic + Exports) during May 2024 were at 37109 units, as against 34126 units for the same period last year.  Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

Praj Industries posts Rs 34,662.78 Mn revenue in FY24

Company reported PAT of Rs. 2,833.91 million in FY24 registering 18 per cent growth over previous year.  Praj Industries (Praj), announced its audited financial results for the quarter and full…

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