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Finance

Bengaluru-based Fasal raises $4 M in Pre-Series A round

The funds will be used to expand business across India and Southeast Asia, strengthen full-stack services, and ramp up hiring for their sales and marketing, agronomy Bengaluru-based precision agriculture platform…

USDA’s NIFA invests $11 M to combat citrus greening disease

HLB, a common citrus greening disease is the most severe threat to global citrus production The US Department of Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA) announced an…

BASF India registers Rs 34,054.9 M sales in Q2FY22

The company reported Profit before tax (before exceptional items) of Rs 1,831.9 million BASF India registered sales of Rs 34,054.9 million for the second quarter, which ended on September 30,…

AIC introduces parametric insurance to protect farmers against weather vagaries

The company has engaged in states like Bihar, Madhya Pradesh, Maharashtra and Rajasthan   Agriculture Insurance Company of India (AIC), a nationalised insurance company, has introduced ‘Parametric Insurance’ to protect…

Imagindairy closes $13M seed round to advance animal-free dairy

Imagindairy is currently collaborating with leading dairy companies, offering a complete range of dairy-free proteins FoodTech company Imagindairy has announced the completion of a $13 million seed round. The funding…

DGV raises $3.1 M Pre-Series A from Info Edge Ventures, Omnivore

The move is likely to revolutionise the dairy Neo Banking space Digivriddhi Technologies (DGV), a dairy industry-focussed Neo-Banking startup, has raised a $3.1 million Pre-Series-A round from Info Edge Ventures…

Singapore’s Esco Biosciences invests in Chinese Agrifood Tech VC

Bits x Bites focuses on pre-A to Series B companies to boost the startup ecosystem Bits x Bites, China’s first agrifood tech venture capital fund (VC), has completed the final…

IIL registers net profit of Rs 41.87 Cr in Q2FY22

Posts total income of Rs 443.62 crores in the same quarter Insecticides (India) Limited (IIL) has posted a net profit of Rs 41.87 crores for the period ended September 30,…

How AI & IoT offer a fresh spin to agri-financing

Agriculture is a crucial part of the Indian economy. The world’s population is rapidly growing and so is the demand for food. At the same time traditional farming methods are…

Agri startups unleash ’Mission Credit’ for farmers

As mobile and internet penetration increases further in rural areas, the adoption of newer technologies will rise, making it easier to adopt agri-tech solutions. Agri-tech startups are offering solutions that…

Agro finance sprouts new roots

Despite being a very productive sector, capital flow into the agri sector has been a sticky wicket. Outdated warehousing and distribution systems, lack of financing options and minimal presence of…

Why formal financing must make inroads in agriculture

India’s agriculture sector, inarguably, can be termed as the main driving force of the Indian economy. Apart from churning the financial wheels of the country, this sector plays a vital…

RCF posts net profit of Rs 117.92 Cr in Q2FY22

Registers total income of Rs 2648.10 crore in Sept quarter Rashtriya Chemicals and Fertilizers (RCF) has reported a net profit of Rs 117.92 crore for the quarter ended September 30,…

Godrej Agrovet registers PBT of Rs 2,159.7 Cr in Q2FY22

The animal feed business resulted a growth of 21 per cent Godrej Agrovet has reported its financial performance for the second quarter and half year ended September 30, 2021, of…

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