Nabventures, Omnivore invest USD 1 mn in Krishitantra
Nabard's venture capital arm Nabventures on Wednesday said it along with Omnivore has invested USD 1 million (Rs 7.6 crore) of seed funding in Krishitantra, an agritech company.
Nabard's venture capital arm Nabventures on Wednesday said it along with Omnivore has invested USD 1 million (Rs 7.6 crore) of seed funding in Krishitantra, an agritech company.
Hyderabad-based Krishitantra provides rapid IoT-based soil testing and soil nutrition advisory solutions to farmers, farmer producer organizations (FPOs), and agribusiness stakeholders, a release said.
Rapid soil testing along with real-time agronomy digitizes an important component of farm extension services. The data play at the farm level is of huge value. This affordable solution would benefit farmers, FPOs, and other players in the agri ecosystem. Krishitantra has a market-winning solution in the making, Nabard and Nabventures Chairman G R Chintala said.
Krishitantra founder and CEO Sandeep Kondaji said the funds will be used to expand operations across the country and to reach out to lakhs of farmers and help them realize increased profitability and sustainability via improved soil health.
Omnivore is a venture capital firm which funds entrepreneurs building the future of agriculture and food systems.
See Zee Business Live TV Streaming Below:
Earlier this week, Nabventures invested USD 1.7 million in pre-series A funding in Unnati, a tech-driven agri input and agri produce selling agritech startup.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
04:04 PM IST