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Finance

Bushel secures $47 Mn in Series C funding round

This funding accelerates deployment of new offerings and embedded capabilities throughout the food and ag value chain Bushel, an independently owned software company and leading provider of software technology solutions…

AFC India appoints MM Activ MD Ravindra Boratkar as Addl Director

His other positions include President of Maharashtra Economic Development Council (MEDC), Director, Cian Agriculture and Infrastructure Ltd, Chairperson, PURTI Cooperative and Founder Member, Indian Federation of Green Energy. Ravindra Boratkar,…

Centre transfers Rs 202.69 Cr to Punjab farmers for Rabi crops

Till 18th April 2021, about Rs 202.69 crore in Punjab and about Rs 1417 crore in Haryana has been transferred directly into farmers’ account. For the first time, farmers of…

ADAMA expects record-high first quarter sales with 13% projected growth

The company is expecting to record strong growth in Asia Pacific, both in China and beyond. ADAMA Ltd. has provided an estimate regarding its financial performance for the first quarter…

NCDC secures Rs 600 Cr loan from Deustsche Bank  

FPOs would be able to access easier credit and market through the NCDC agreements with ICC and Deutsche Bank   The National Cooperative Development Corporation (NCDC) has secured Rs 600…

AICIL, Gramcover to jointly ensure better insurance penetration in rural India  

The partnership aims to target 25 million farmers through its products   The Agriculture Insurance Company of India Limited has joined hands with Gramcover, a rural insurtech startup to collectively…

Centre provides HURL Rs 813.24 Cr interest free loan for Gorakhpur, Sindri and Barauni projects

It will also assist HURL to complete its project in time and will increase the indigenous production of Urea. Union Minister for Chemicals and Fertilizers D. V. Sadananda Gowda has…

NCDEX recognises Findoc Commodities with Krishi Award 2021

NCDEX has acknowledged the outstanding contribution made by the company in the area of Agri Commodities    The National Commodity & Derivatives Exchange Limited (NCDEX), the only commodity exchange in…

NIFA invests $15.5M to retain America’s cutting edge position in food and agricultural production

NIFA awarded 18 Food and Agriculture Cyberinformatics Tools grants totalling $10.4 million to initiate research on big data analytics   The U.S. Department of Agriculture’s National Institute of Food and…

Parag Milk Foods to set major fundraise in motion with Sixth Sense Ventures, World Bank’s IFC

The company plans to raise a total of Rs 316 crore. IFC and Sixth Sense Venture Advisors, will invest Rs 155 crore and Rs 50 crore, respectively Parag Milk Foods…

Sonalika continues domestic growth streak with 41.6% rise in FY’21  

Sonalika has recorded its highest ever annual sales of 1, 39,526 tractors in FY’21   After consistently achieving records of excellence month after month in FY’21, Sonalika Tractors has recorded…

ADAMA Ltd records robust Q4 FY2020 growth

Sales grew 10.2% to an all-time Q4 record-high of $1,141 million   ADAMA Ltd. has reported its financial results for the fourth quarter and the full-year period ended December 31,…

Silk supply chain platform ReshaMandi raises $1.7Mn in seed funding

Company plans to use the funding to strengthen its digital platform and expand in other important Indian silk like Maharashtra and Tamil Nadu.    ReshaMandi, an agritech startup digitizing India’s…

Aquaconnect, Alliance Insurance Brokers jointly launches an insurance program for shrimp farmers  

This partnership will benefit 1.5 Lakh shrimp farmers across India.        The aquaculture tech pioneer ‘Aquaconnect’ has partnered with India’s leading insurance service providers ‘Alliance Insurance Brokers’ for…

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