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Finance

Kaveri Seeds reports 17 % increase in profit in FY20  

Its net sales for the year was Rs 882.25 crore, up 14.8 per cent from Rs 768.9 crore last year.    Kaveri Seeds Company Limited reported a 17 per cent…

 US based agritech Apeel Sciences secures $250 mn in funding round.

Apeel’s new funding will support the company’s initiatives in Sub-Saharan Africa, and Central and South America. Santa Barbara,Calif.-based Apeel Sciences has announced $250 million in new financing, and endorsements from…

Bayer CropScience reports net profit of Rs 31.5 crore in Q4

For fiscal year 2019-20, the company’s net profit increased to Rs 474.5 crore from Rs 337.1 crore in 2018-19. Bayer CropScience Ltd recently reported a net profit of Rs 31.5…

NABARD to provide Rs 20,500 crore for agricultural operations for pre-monsoon & kharif  

The funds will be provided  to farmers through cooperative banks and regional rural banks         NABARD has decided to provide financial assistance to Cooperative Banks and Regional…

 Poultry agritech start-up Eggoz raises ₹2.5 crore to fund expansion  

The seed funding round saw the participation of investors like Tracxn Labs, Angellist, Tri-Deep Capital, founders of Letstransport     Agritech startup Eggoz, which is into the business of egg production,…

Agritech startup Intello Labs raises $5.9 mn in series A round

The company will be using the fresh funding to fuel its growth in international markets, specifically in the US and across Asia Pacific.      Agritech start up Intello Labs…

Loadshare Networks raises Rs 100 cr in Series-B funding

 The start-up will make a foray into new sectors like pharmaceuticals, fast-moving consumer goods (FMCG) and groceries   Logistics platform Loadshare Networks has raised Rs 100 crore in Series-B funding…

Agriculture sector to grow at 3% in FY21: Niti Aayog

The gross value added (GVA) in the sector was assumed to have grown 3.7% in FY20.    Agriculture would come to the rescue of Indian economy and it will grow…

Agritech start up Bijak raises $12 mn from RTP Global

Other investors Sequoia Surge and Omidyar Network have infused Rs 15 crore and Rs 17 crore, respectively.       B2B agritech startup Bijak has raised about $12 million (Rs…

IFAD commits US $40 mn funds for farmers during Covid-19

 IFAD aims to raise at least $200 million more from member states, foundations and the private sector    With the Covid-19 pandemic and economic slowdown threatening the lives and livelihoods…

InstaAgro raises $600k funding from Rolesis Holdings

The company intends to become “one-stop-shop” for agricultural inputs in Brazil and Latin America InstaAgro, the first online direct sales platform of for agricultural inputs, machinery and parts in Brazil,…

Syngenta invests $2bn in sustainable agriculture with packaging innovations

Sustainability efforts will help Syngenta meet its target to reduce the carbon intensity of its operations and supply chain by 50% by 2030. To improve sustainability across its supply chain,…

Kiwa Bio-Tech announces 100 Mn loan program to boost agriculture production in China  

The Loan program is designed for farmers to purchase Kiwa’s fertilizer products and technical services.  Kiwa Bio-Tech Products Group Corp. (KWBT) (“Kiwa Bio-Tech” or “the Company”), an emerging agricultural company…

Agri-tech DeHaat raises $12-Mn in Series A round funding

Funds will be used to extend the network to 2,000 rural retail centres DeHaat, an agri-tech platform that helps farmers access agri inputs and financial services, and sell their produce,…

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