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Finance

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…

How Indian Agri Insurance Companies are Disrupting the Global Market

By Anuj Kumbhat, Co-Founder & CEO, WRMS Agriculture, the backbone of economies worldwide, faces numerous challenges, from unpredictable weather patterns to market volatility. In recent years, the importance of agricultural…

Offsetting Extreme Weather Impact with TECH-DRIVEN INSURANCE

Both the government and private insurers are recognising the potential of index-based insurance. Collaborative efforts and technology startups specialising in agri-tech are leading the way in fine-tuning and promoting these…

Precision Agri platform Fyllo secures $4 Mn funding led by IndiaQuotient, SIDBI Ventures

 Fyllo will use the funds to expand into new geographies and crops and develop more precision agriculture products.  Agritech startup Fyllo has announced that it has raised $4 million in…

DFPCL posts net profit of Rs 457 crore in FY 24, reflecting a drop of 62.5%

During Q4 2024, company has posted net profit of Rs 220 crore compared to Rs 257 crore in Q4 FY 2023, reflecting a decline of 14.7 per cent. Deepak Fertilisers…

Shree Renuka Sugars posts Rs 91,065 Mn revenue in FY24, registering 25 % growth over last year

The refinery division delivered strong performance due to firm international sugar prices and high export volumes.   Shree Renuka Sugars Limited – one of India’s largest sugar and green energy…

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