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Finance

Mahindra sells 35,398 tractor units in domestic market during April 2023

Total tractor sales (Domestic + Exports) during April 2023 were at 36,405 units, as against 40,939 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

Shivalik Small Finance Bank partners with Arya.ag to empower smallholder farmers

With this partnership, Arya.ag, will further its mission to drive financial inclusion for farmers and FPOs and offer loans. Arya.ag, India’s largest and only profitable grain commerce platform at scale,…

Two Brothers Organic Farms secures 14.5 Cr in Pre-series A funding round

The funding will be used to expand TBOF’s manufacturing capacity, construct farmer training centres and expand its domestic and international business. Two Brothers Organic Farms (TBOF), a producer of natural…

Bidra Innovation Ventures receives $200 Mn in funding

The fund is committed by Morocco-based Mohammed VI Polytechnic University and the OCP Group to back breakthrough sustainable technology in India Bidra Innovation Ventures (Bidra) has announced a $200 million commitment…

Agrochemical major, Best Agro to increase its market share by 20%

 The company will also invest to enhance manufacturing capabilities and create backward integration in its manufacturing process. Best Agrolife Ltd., India’s leading agrochemicals manufacturer, has announced its medium to long-term…

Innoterra receives grant of $6.3 Mn from NHB

Innoterra received the cluster development program grant at the National Conference India Cold Chain Conclave in New Delhi, India The Swiss-Indian agri-tech platform company, Innoterra, announced that it has won the prestigious grant…

Arya.ag crosses Rs 1000 Cr milestone on its fintech platform Aryadhan

With unique Fintech service offerings for smallholders, the firm records over 4X growth in loan disbursals Arya.ag, India’s largest and only profitable agritech platform at scale, announced its milestone of…

Sahyadri Farms announces Employee Stock Ownership Plans 2023 worth Rs 70 Cr

The total number of employees covered under ESOPs is 461 while the vesting period is four years. Nashik based Sahyadri Farms, India’s largest integrated value chain owned by Small and…

Aavishkaar Capital invests Rs16 Cr in fruit and vegetable crops exporter INI Farms

This is the first investment from Aavishkaar Capital’s USD 250 Million “ESG First Fund”. ESG First Fund, managed by Aavishkaar Capital (Aavishkaar), an Aavishkaar Group company and a global pioneer…

Fasal & SBI partners to accelerate the transformation of India’s horticulture ecosystem

Through this financing solution, farmers can access collateral-free loans up to Rs three lakhs. Bengaluru based Fasal, India’s leading horticulture-first, full-stack Agri-tech company, announced its partnership with State Bank of…

BASF’s preliminary figures reports 13.4% drop in sales in Q1 FY2023

Sales declined by 13.4 per cent in the first quarter of 2023 to €19,991 million (Q1 2022: €23,083 million). Germany based BASF has released preliminary figures for the first quarter…

Carbonwave announces close of $5M series A funding by Mirova’s Ocean Fund

Funding expands production capacity into high-value products that replace fossil fuel and animal-based products in the cosmetic emulsifiers, agriculture, textiles, and plastics industries Carbonwave, the world leader in upcycling the…

Citi, JICA announce co-finance loan to IndusInd Bank for agriculture sector

This social financing to IndusInd Bank will be used by farmers to purchase farm equipment, crops, seeds, and fertilisers Citi and the Japan International Cooperation Agency (JICA) have announced a…

Bayer’s Grants4Ag Program awards 21 crop science research grants for 2023

This year’s program addressed three innovation themes -sustainability traits, plant transformation technologies, and the gene editing potential of local plant varieties. Bayer announced its 2023 cohort of Grants4Ag grant recipients…

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