The contemporary capital might be aimed for buyer acquisition and to construct an agronomic intelligence-backed full-stack platform for farmers.
Indore headquartered Agstack Technologies, which runs agritech platform Gramophone, has raised $3.4 million (Rs 25 crore) in a Series B funding spherical. The spherical was led by deep tech investor Siana Capital, with participation from returning buyers Info Edge, Asha Impact and Better Capital. This brings the full capital raised by Gramophone thus far to Rs 55 crore.
The contemporary capital might be aimed for buyer acquisition and to construct an agronomic intelligence-backed full-stack platform for farmers. Agronomy offers with the science and expertise of rising and utilising vegetation in agriculture for meals, gasoline, fiber and land restoration.
Founded in 2016 by Tauseef Ahmad Khan, Nishant Vats Mahatre, Harshit Gupta and Ashish Rajan Singh, Gramophone goals to supply farmers an interactive platform to assist them enhance agricultural practices and realise higher yields. The platform additionally offers farmers merchandise reminiscent of seeds, fertilisers, vitamins, pesticides and farming tools.
It final raised funds in August 2019 in a $3.38 million Series A funding spherical, preceded by a $1 million bridge spherical in March 2018.
Info Edge Ventures is a Rs 750 crore early-stage enterprise capital fund backed by Info Edge and had obtained a dedication of Rs 375 crore from Temasek, a worldwide funding firm headquartered in Singapore. The fund, which was launched in January 2020, focuses on investments in early-stage expertise startups in India.
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