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Finance

NABARD sanctions Rs 35 lakhs to IIT Mandi and EWOK Society for setting up FPO’s

A tri-partite agreement involves NABARD, EWOK and IIT, Mandi for developing farmer-friendly equipment. Opportunities will be explored for collaboration in areas like Internet of Things in Agriculture, Watershed, and Rural…

Cabinet approves Rs 4558 crore scheme for Dairy sector

The scheme will promote dairy sector and further benefit around 95 lakh farmers in 50,000 villages. Information and Broadcasting Minister, Prakash Javadekar said that Cabinet has approved a Rs 4,558…

Israel based startup Equinom raises US$10 Million to accelerate growth

Investment fuels growth to shake up the traditional “plant-based” industry  Kibbutz Givat Brenner, Israel – Equinom, Ltd., the leading seed breeding startup, announces it has closed its Series B round…

Bengaluru based startup Clover raises $5.5 million in a Series A funding round  

The funds will be used to grow its farm network and diversify their offerings         Greenhouse Agritech startup Clover has raised over $5.5 million in a Series…

 Chennai based Agritech Startup WayCool Foods raises $32 mn from Lightbox

Funds will be used to strengthen technology backbone across the agricultural value chain Chennai-headquartered WayCool Foods has raised U$32 Mn in a combination of equity and debt in its Series…

Bayer CropScience Q3 net profit at Rs 137.9cr

Total income increased to Rs 873.4 crore in the quarter from Rs 791.1 crore in October-December 2018, the company mentioned in a regulatory filing.    Bayer CropScience Limited (BSE: 506285)…

Agrotech start up Kisan Network raises $3 million seed funding round  

The funds will be used to expand into new regions and also bring new varieties of crops   Kisan Network, a  Gurgaon based startup, has  recently secured $3 million in…

Agro sector gets Rs 2.83 lakh crores: Union Budget 2020

Union Finance Minister Nirmala Sitharaman presented the Budget 2020 on Saturday that focused on raising the purchasing power by cutting income tax rates and boosting rural income. AgroSpectrum highlights the…

French startup Naïo Technologies raises € 14 million to expand eco farming robots  

The new investment  will enable Naïo Technologies to further capitalize on its position as a leader in agricultural robotics and reach the next level of technology maturity in order to…

Raymond’s JK Trust receives grant Rs 4.83 crore to bolster cattle breeds with IVF

The project JK BovaGenix is an initiative of JK Trust. JK Trust, promoted by Raymond’s CMD, Gautam Hari Singhania, engaged in livestock breed improvement through its pioneering project in embryo…

Agritech start up Ninjakart raises  $10 mn from Flipkart India and Singapore-based GEC3  

Ninjacart will look to expand its customer base, expansion in new cities, and to enhance the efficiency of the local fresh produce ecosystem   Agritech Startup Ninjacart has secured Rs…

Protein Industries Canada invests more than $27 mn in Canola breeding project

The consortium, led by Corteva Agriscience and includes Bunge, a leading canola processor, and Botaneco, will invest $14.05 million, with a $13.6 million investment from Protein Industries Canada. Protein Industries…

PI Industries completes acquisition of Isagro Asia

The total transaction is valued at Rs 345 crore plus surplus cash on closing date subject to final adjustments for net working capital.   PI Industries has recently  completed the process…

TechnifyBiz raises $2mn from Omnivore and Insitor Impact Asia Fund

Funding will help the firm double its base of small and medium enterprises (SME) food processors and farmer groups across the country. Business-to-business (B2B) food commodity marketplace TechnifyBiz stated recently…

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