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HomePosts Tagged "agritech startup"
Agrotech, Finance, India, Start ups

To scale up agri trade under ‘Collect and Pay’ Model

New Delhi based agritech startup BharathKisan has announced that company has raised Rs100 crore from Grow Money Capital Pvt Ltd. The investment is a structured deal involving debt flow under collect and pay trade model, which is an exclusive proprietary product of BharathKisaan platform. Under BharathKisaan collect and pay model small, marginal farmers and FPO have access to all the buyer class of agri trade ecosystem like agriprocessors, general trade merchants, modern trade partners, direct to consumer brands and HoReca partners. BharathKisaan acts as price discovery platform among agri buyers and agri sellers with collect and pay model trade engagement. With Collect and Pay model; trade happens with certainty, this has given wings for all agri buyers, agri sellers especially farmers and FPO’s to trade at PAN India level, Praveen R Naidu, Founder of the startup said.

“At Grow Money Capital Private Limited we believe that easy and convenient credit for the common man is a cornerstone of today’s economy. Working with BharathKisaan we shall provide high quality service to a wide range of borrowers in a fair, affordable and most importantly safe manner for all involved. This capital shall stand as witness to transparent convenient and decision-based trade engagement among all the players in agri ecosystem associated with BharathKisaan platform,” said Manoj Bansal, Managing Director of Grow Money Capital Pvt Ltd.

BharatKisaan enables agri buyers and agri sellers with price discovery services, zero risk trade, zero cost warehouse rental solutions, zero cost warehouse finance solutions, forward contracts with direct-to-consumer labels.

“BharathKisaan also offers BNPL solutions to urban consumers, who can purchase directly from farmgate, with closed loop distribution network; BharathKisaan has enabled each farmer to distribute his/her product to urban consumers without the need of intermediatry,” said Vivek Narasimharaju, Chief Revenue Officer of BharathKisaan.

“We are excited about this debt capital, as it allows the trade for small, marginal farmers and FPO to go out and fetch the trade leads beyond their territory. With indecisive trade across multiple markets farmers refrain from entering new and broader markets, but with us they can be certain as trade is enabled under-price discovery along with collect and pay model where every buyer on the platform is validated with proof of funds,” said Patibandla Anand, Chief Finance Officer of BharathKisaan.

To scale up agri trade under 'Collect

Agrotech, Company News, Start ups

The e-spray contains an IoT device that allows users to track spraying activity in real time, allowing a farmer to monitor the entire activity

AgNext Technologies, a leading global agritech company, has introduced E-Spray, an electrostatic-based pesticide sprayer for 360° crop coverage, zero pesticide wastage or excessive pesticide dripping.’ E-spray disperses electrostatically charged atomized liquid spray in a way that attracts and coils to the leaf or crop itself, while also recording the user’s geolocation.

The e-spray contains an IoT device that allows users to track spraying activity in real time, allowing a farmer to monitor the entire activity such as movement of spraying person with GPS location on map, Sprayed Area, Chemical Consumption, start & end time of spraying etc, and prevent malpractices. These sprays come in a variety of capacities and can be easily transported from one location to another, reducing soil toxicity and water contamination. This e-spray by Agnext helps in limiting the presence of pesticides in the crop and maintaining it to an optimum level.

 Taranjeet Singh Bhamra, Founder & CEO, AgNext Technologies, said “E-spray is a breakthrough technology developed by Agnext. It is an electrostatic sprayer designed in a way so as to give the maximum benefit to the farmers. We are working towards developing and deploying more such technology in rural areas that will change the lives of farmers as well as the whole agriculture landscape”.

In addition to being advantageous for farmers and consumers, it also aids “Sprayer” because charged particles don’t enter the sprayer’s respiratory system, preventing long-term lung diseases.

Set up in 2016, AgNext Technologies is a fast-emerging global agritech start-up that provides deep-tech enabled solutions for food quality assessment to enable quality-based food trade. The company has innovated full-stack solutions to enhance productivity & profitability of agribusinesses’ operational excellence in post-harvest agriculture.

The e-spray contains an IoT device that