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Finance

Bull-Agritech raises 8 Mn from PedalStart in pre-seed funding round

 Company plans to use funds to accelerate the operations in non-perishable agri-supply chain along with building the team. Agri-tech company Bull Agritech has raised $100K (Rs 8 million) in a…

IIL records 20% growth in Q2 FY24, aided by value-added product portfolio

In the first \of FY24, IIL recorded Rs 13,359 Mn in revenue, a significant 17 per cent growth compared to Rs 11,429 Mn in H1FY23. Insecticides (India) Ltd. (IIL), a…

UPL reports loss of Rs 189 Cr in Q2 FY2024 due to global channel destocking

Company’s total income in Q2 FY 2023-24 was Rs 10,170 crore compared to Rs. 12,507 crores during the corresponding period in FY 2022-23. Global agrochemical company, UPL Ltd. has reported…

FMC Corporation posts revenue of $982 Mn in Q3 FY2023

Third quarter results significantly impacted by lower sales in Latin America channel destocking in all regions FMC Corporation reported a third-quarter 2023 revenue of $982 million, a decrease of 29 per cent versus the third quarter…

Integrated Agri-drone company AITMC Ventures (AVPL) files DRHP with NSE Emerge

AVPL operates primarily in three areas: Skill Development, Drones Skilling and Assembly and Agri-retail. AITMC Ventures Limited (AVPL), a pioneer in developing a self-sustained ecosystem covering the entire farming value…

Upstream agtech investment increased by 24% in 2022 in Asia-Pacific region: Omnivore report

India briefly overtook China in agrifoodtech investment, while Southeast Asia demonstrated significant potential with $1.7 billion in funding. As the world’s largest region in both geography and population, with a…

Govt notifies Minimum Export Price (MEP) of US$ 800 per MT on onion export

Government has also announced the procurement of additional 2 lakh tons of onion for the buffer, over and above the 5 lakh tons already procured. The Government on October 28,…

BharatAgri raises Series A funding of Rs 35 Cr from Arkam Ventures

The funds will be used to scale up BharatAgri’s e-commerce platform to cater to new geographies and strengthen its last-mile delivery. BharatAgri, an advisory-led e-commerce platform for farmers, announced that…

IRRI, DA-PhilRice, and PCIC team up for innovative crop insurance for rice

The IRRI-PhilRice-PCIC tripartite partnership will bring innovative crop insurance products to improve the resilience of Filipino farmers to climatic risks. The International Rice Research Institute (IRRI), the Philippine Rice Research…

Yara delivers strong cash flow in lower margin environment in Q3 2023

 Company’s EBITDA is down 62 per cent due to reduced margins. Oslo based Yara International announced Third -quarter results of 2023.  Third-quarter EBITDA excl. special items1 was USD 396 million,…

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…

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