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Updated on: Tuesday, December 07, 2021, 04:07 PM IST

AgroStar raises $70 mn from Hero Enterprise, Schroders Capital, others; to expand biz across India

PTI
The round also saw participation from existing investors Aavishkaar Capital, Accel, Bertelsmann, Chiratae Ventures, and Rabo Frontier Ventures./ Representational Image | File photo

The round also saw participation from existing investors Aavishkaar Capital, Accel, Bertelsmann, Chiratae Ventures, and Rabo Frontier Ventures./ Representational Image | File photo

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Agritech startup AgroStar has raised $70 million (around Rs 527 crore) from Evolvence, Schroders Capital, Hero Enterprise and UK's development finance institution CDC to expand its business across India and future growth, its founder and CEO Shardul Sheth said on Tuesday.

The round also saw participation from existing investors Aavishkaar Capital, Accel, Bertelsmann, Chiratae Ventures, and Rabo Frontier Ventures.

''We have raised $70 million in Series D funding round from new as well as existing investors,'' Sheth told PTI.

He declined to share the valuation at which the fund has been raised.

Pune-based AgroStar provides real time farm advisory free of cost through its tech platform to farmers across India. It also provides agri-inputs to farmers across Gujarat, Rajasthan, Maharashtra, Madhya Pradesh and Uttar Pradesh through its 1,000 franchisee stores as well as delivery partners in rural centres.

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Published on: Tuesday, December 07, 2021, 04:07 PM IST
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