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Finance

Budget 2021: Indian agri growth rests on pivotal transformation                                                  

By Randhir Chauhan, Managing Director, Netafim India and Senior Vice President, Netafim Ltd   The Indian agriculture sector accounts for close to 16 percent of the country’s GDP, uses nearly…

DCM Shriram’s Q3 FY20-21 net profit up by Rs 252.55 Cr

The company has posted net profit of Rs.252.55 crores for the period ended December 31, 2020 as against net profit of Rs.174.35 crores for the period ended December 31, 2019.…

Agritech DeHaat bags $30 mn in Series C funding led by Prosus Ventures  

With the Series C investment, the company plans to strengthen the technology platform and expand geographically to other parts of India.     Based in Gurgaon and Patna, Agritech start up…

Rallis India posts 7% growth in Q3 consolidated revenues

Domestic crop care business grew by 15% and seeds business by 38% albeit on a smaller base. Rallis India Limited, a TATA Enterprise and a leading player in the Indian…

Indian start ups and unicorns should become global giants: PM Modi

The launch of startup India seed fund intend to provide opportunities for new start-ups to flourish in the country Prime Minister Narendra Modi has recently announced the launch of a…

Ergos secures $3 Mn from UK based CDC in Series-A round

 Company aims to extend post-harvest support to small and marginal farmers on storage, credit and market linkages at farm-gate.    Agritech start-up Ergos announced that it has received Rs 22.5…

Samunnati raises Rs 90 Cr in debt to provide loans to FPOs, agri-businesses

FMO and Triodos IM have committed EUR 5 million each in debt to Samunnati Financial Intermediation & Services Pvt Ltd. Agritech start up Samunnati has announced that it has raised…

CropIn raises US$20 Mn in Series C funding round

CropIn’s data-driven farming solutions enable agri-enterprises and growers to ‘maximize per-acre value’ Bangalore based CropIn, a leading global artificial intelligence and data-led agri-tech organization empowering stakeholders to reimagine agriculture with…

Raising funds in difficult times 

By K. Krishnan, Founding Partner, Thinksynq Solutions, Chennai  Fund raising is a ’means to an end and not an end in itself’. Most start-ups who have raised funds will for…

Agritech startup Agri10x raises seed round from Omnivore

Agri10x intends to strengthen its exports operations across Middle East and Southeast Asian countries, providing new markets for Indian farmers     Agritech startup Agri10x has announced that it has…

Gramcover sees six-fold growth in insuring rural India

The company also became profitable in FY 20 which is the 2nd full year of operation.  GramCover is de-risking rural India and making insurance accessible for all by leveraging technology…

Escorts tractor hit 88% sales growth in Dec 2020

Company reports tractor sales at 7,733 units in December 2020. Farm equipment manufacturer, Escorts Agri Machinery reported an 88 per cent jump in tractor sales at 7,733 units in December…

Sonalika Tractors posts 33% growth in 9 months of FY’21

Sonalika has registered 1 lakh tractor sales in just 9 months of April-Dec’20 period      In line with the magnificent performance registered throughout the year 2020, Sonalika Tractors has…

Govt releases 3rd instalment of Rs 2000 to 6 Cr farmers under PM Kisan  

A total of Rs 12,000 Crores has been deposited under the 3rd tranche of the scheme.  Prime Minister Narendra Modi has released the 3rd installment of PM Kisan (Pradhan Mantri…

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