Startup BharatAgri raises $6.5 mn in Series A round led by Omnivore

FPJ Web DeskUpdated: Thursday, September 16, 2021, 03:35 PM IST
article-image
Startup BharatAgri has raised $6.5 million in a Series A round led by Omnivore, with participation from existing investors India Quotient and 021 Capital, | NikolayFrolochkin

Agritech startup BharatAgri on Thursday said it has raised $6.5 million (about Rs 47 crore) from investors to expand its business.

The company has raised $6.5 million in a Series A round led by Omnivore, with participation from existing investors India Quotient and 021 Capital, BharatAgri said in a statement.

It offers farmers an app-based platform for AI-based agronomy services on a paid subscription basis.

BharatAgri currently has over 33,000 active paid users and aims to expand its subscription base to 1,50,000 by March 2022. On average, farmers pay Rs 600 per acre for a six-month subscription.

Based in Bengaluru, BharatAgri was founded in 2017 by Sai Gole and Siddharth Dialani, both alumni of IIT Madras.

"The startup intends to use this Series A funding to expand its subscriber base beyond Maharashtra and Madhya Pradesh, accelerate the growth of its inputs marketplace, and refine the existing technology offering," the statement said.

BharatAgri plans to aggressively scale up in the Rabi 2021 season and launch its Series B round in January 2022

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Parachute hair oil maker Marico acquires Vietnamese Beauty X Corp

Parachute hair oil maker Marico acquires Vietnamese Beauty X Corp

Asian Development Bank approves $250 bn loan for India's logistics push

Asian Development Bank approves $250 bn loan for India's logistics push

Wedding season pushes vehicle sales to record high in November

Wedding season pushes vehicle sales to record high in November

Gilts review: Govt bonds bogged down by concerns about data to be released next week

Gilts review: Govt bonds bogged down by concerns about data to be released next week

Rating agency ICRA says gas prices have affected CNG adoption among commercial vehicles

Rating agency ICRA says gas prices have affected CNG adoption among commercial vehicles