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Finance

Agri- fintech startup KiVi secures Rs 15 Cr in seed round led by Caspian Leap for Agriculture Fund

Company plans to enable 10,000 farmer loans and 400 enterprise loans in the next one year. Agri-fintech start-up KiVi, operated by Agrosperity Tech Solutions Pvt Ltd, has announced that it…

Coromandel to set up Rs 400 Cr Sulphuric Acid plant at Visakhapatnam

The company has also signed technology partnership agreements with MECS (Monsanto Enviro-Chem Systems) and TKIS (ThyssenKrupp Industrial Solutions). Hyderabad based Coromandel International Limited, the country’s second largest Phosphatic fertilizer player…

Cabinet approves MSP for Rabi crops for Marketing Season 2024-25

The absolute highest increase in MSP has been approved for lentil (masur) at Rs 425 per quintal followed by rapeseed & mustard at Rs 200 per quintal. The Cabinet Committee…

Arya.ag launches agri loans on blockchain

Arya.ag’s ledger has 3.2 million metric tons of commodities stored across 894 warehouses on the blockchain network. Arya.ag, India’s largest and only profitable grain commerce platform, has launched agri loans…

Sonalika Tractors registers 78,793 tractor sales in domestic market in H1 FY’24

With the dominant performance, the company has also attained staggering 15.8 per cent market share in September 2023. India’s leading farm mechanisation manufacturer, Sonalika Tractors has registered a record 78,793…

SBI Foundation and Villgro to provide financial support of Rs 3.25 Cr to agri startups

Both the companies will launch ‘Innovators For Bharat: Climate Resilient Agricultural Livelihoods’ program for startups. SBI Foundation, through its SBIF LEAP (Livelihood and Entrepreneurship Accelerator Program), has introduced the ‘Innovators…

ADB, Bank Respublika to support women-owned agriculture MSMEs in Azerbaijan

The financing supports domestic food production, reduces import dependency, and addresses food security challenges arising from economic, climate, and regional political uncertainties The Asian Development Bank (ADB) and Bank Respublika…

WCopEF set up to give voice to millions of cooperatives around the world

The cooperative sector employs more than a 100 million strong workforce Leading cooperative sector experts have come together to form the World Cooperative Economic Forum (WCopEF) to give voice to…

Omnivore expands team with multiple strategic hires

 Company welcomes new experts to spearhead agrifood advancements; Abhilash Sethi promoted to Investment Director. Omnivore, India’s leading agritech venture capital firm, announced four strategic hires to lead key functions and…

SLCM empowers 65,000+ farmers and 23,000+ women borrowers through its NBFC arm, Kissandhan 

Kissandhan is revolutionising the way farmers, aggregators, traders, and Farmer Producer Organisations (FPOs) access financing. In a major achievement, SLCM has made a profound impact on the lives of over…

Uterra to invest $20 Mn in Ras Al Khaimah’s first organic fertiliser project in UAE

Aims to revolutionise agriculture, address environmental challenges and promote sustainability. Uterra Middle East Agro Industries is investing USD 20 million in the next three years for the construction and development…

Mahindra’s FES records sell of 42,034 tractors in India during September 2023

Total tractor sales (Domestic + Exports) during September 2023 were at 43,210 units, as against 48,713 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

DCM Shriram obtains Rs 200 Cr sustainability linked loan from HSBC India

The funds obtained through this strategic financial move will be utilised to support the company’s ongoing capital expenditure initiatives in Bharuch, Gujarat. DCM Shriram, a company engaged in sugar, fertiliser…

BioLumic secures funding from Bill & Melinda Gates Foundation for sustainable global rice production

The program is focused on the Indo Gangetic region of India, which grows rice for over a half a billion people. BioLumic™, an agricultural biotech startup, announced grant funding from…

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