Accel Partners’ new India fund leads AgroStart’s $10 million raise

Accel Partners’ new India fund has led AgroStart’s $10 million raise.

The Silicon Valley venture firm, which last year raised $450 million for its fifth India fund, teamed up with impact investor Aavishkaar and IDG Ventures to back the New Delhi agtech startup.

AgroStart helps Indian farmers bypass middlemen to buy seeds, nutrients and hardware and provides analytical tools to boost farmer productivity.

Bonus data point: More than 35 percent of AgroStart’s more than one million customers use WhatsApp, up from 10 percent a year ago.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: vccircle.com

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