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Finance

Corteva reports 11 % growth in net sales in First Half 2022      

 Volume gains were driven by continued penetration of new products, including EnlistTM and ArylexTM herbicides and OnmiraTM fungicide, and strong early demand in Latin America Agrochemical major, Corteva, Inc.  has…

Praj Industries announces PAT at Rs 41.26 Cr in Q1 FY23

Income from operations stood at Rs 729.87 crore (Q1 FY22: Rs. 386.26 crore; Q4 FY22: Rs. 829.01 crore) Pune based Praj Industries (Praj), a globally leading process engineering company with…

Best Agrolife posts a 34.6% rise in consolidated revenue in Q1 FY23

The company recorded revenue of Rs 463.7 crores in Q1 FY23 as against Rs 344.6 crores in Q1 FY22.  Best Agrolife Ltd, India’s fastest-growing agrochemical company has reported strong financial…

PI Industries posts Rs 262.4 Cr consolidated PAT in Q1 FY2023

The company has reported total income of Rs 1567.3 crores during the period ended June 30, 2022 as compared to Rs.1221.5 crores during the period ended June 30, 2021. Agrochemical…

Full-stack nuts and dry fruits brand Farmley raises $6 Mn in Series A Funding

The round was led by DSG Consumer Partners and Alkemi Growth Capital alongside existing investors Omnivore, Insitor Partners, and other angel investors. Farmley, a full-stack nuts & dry fruits brand,…

Arable raises $40 Mn to accelerate sustainable agriculture

The funding will be used to advance climate resilience in agriculture by accelerating product development.  US based Arable, the leader in field intelligence for agriculture, announced that it has raised…

Dhanuka Agritech posts consolidated revenue of Rs 409.5782 Cr in Q1 FY23

The company has posted net profit / (loss) of Rs 49.1101 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs 54.4026 crores for…

Bayer CropScience posts 17.2 % sales growth in Q2 2022

Bayer CS registered an expansion of business in North America and Asia/Pacific. The Bayer Group achieved substantial growth in the second quarter of 2022. “We delivered strong operational performance. In…

Omnivore sells Eruvaka to Nutreco, delivering the largest exit in Indian agritech

Nutreco’s acquisition of Eruvaka will enable Skretting, its aquaculture business, to deliver on-farm software and smart equipment to shrimp farmers globally.  Agritech-focused venture capital firm Omnivore announced the sale of…

Yara Growth Ventures invests in agri- fintech Jai Kisan as part of a USD 50 Mn fundraise

New investors include GMO Venture Partners, and DG Daiwa Ventures who join existing investors such as Blume, Arkam Ventures, Mirae Asset and Snow Leopard Ventures. Jai Kisan is a leading…

UPL posts 27% growth in revenue of Q1 FY23

Better product realisations, favourable exchange rate, and higher volumes contributed to revenue growth in Q1 FY23. Agrochemical major, UPL Ltd has reported financial results for the first quarter of FY23…

Bayer to acquire majority share in lower carbon oilseed producer CoverCress Inc.

 It will help the company to gain new revenue streams through potential commercialization of oilseed crop for renewable fuels and livestock feed with ecosystem benefits. Bayer and Chevron U.S.A. Inc.…

Mahindra reports sell of 21684 tractors in India in July 2022

Total tractor sales (Domestic + Exports) during July 2022 were at 23307 units, as against 27229 units for the same period last year. Mahindra & Mahindra Ltd.’s Farm Equipment Sector…

Agri-genomics start up Piatrika Biosystems secures 1.2 Mn in seed funding 

 Seed funding was led by Ankur Capital to build a platform for the discovery of new sustainable crop varieties. India/UK-based Agri-Genomics start up, Piatrika Biosystems has raised $1.2 million in…

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