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Finance

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…

Agri-food industry contributes over US$717 Bn to Southeast Asian economy: Oxford Economics  

Ongoing pandemic, supply and demand risks and fiscal risks can disrupt the region’s post-COVID-19 economic recovery          Southeast Asia’s agri-food remains critical to the region’s economy and…

BASF invests in biotechnology start-up Bota Bio

Bota Bio’s next-generation industrial biology platform is a combination of computation and cutting-edge biotechnology BASF Venture Capital (BVC) has invested in Bota Biosciences, Ltd. (Bota Bio), an industrial synthetic biotech…

Dole Asia Holdings launches Sunshine for All Fund in India  

A $2 million annual fund will support global strategic partnerships and innovation in the crucial areas of sustainability, food access and reduction of food waste.   Dole Asia Holdings and…

Aquaconnect, Bank of Baroda partner to extend credit to fish & shrimp farmers  

Under this partnership, Bank of Baroda has extended loan for up to 10 lacs under KCC scheme and fisheries loan    The aquaculture tech pioneer ‘Aquaconnect’ has partnered with Bank…

CDPQ, S2G invest $125 Mn in Benson Hill to advance Climate Solutions in agriculture

Investment by CDPQ and S2G supports Benson Hill’s technology and sustainability-focused approach   Benson Hill, a food tech company unlocking the natural genetic diversity of plants with its cutting-edge food…

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