Dealflow | January 4, 2021

Indian agrifood tech startups raise rounds to get ready for 2021

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, January 4 – Three early-stage Indian startups covering the spectrum of emerging agrifood technologies closed out funding rounds ahead of 2021.

Gramophone, based in Indore, raised a $3.4 million Series B round for a mobile marketplace that connects India’s farmers to inputs, equipment, climate information and farm services. Siana Capital led the round, with existing investors Info Edge, Asha Impact and Better Capital.

Bangalore-based qZense Labs secured $6.2 million for connected sensors that monitor and track food quality as food travels through the supply chain. The female-founded startups was backed by Venture Catalysts, 9Unicorns, The Chennai Angels, Entrepreneur First and Lumis Partners.

“Micro-farm” provider Aqgromalin, which equips and finances small farmers in Southern India looking to expand into aquaculture and animal rearing, raised $2.7 million from unnamed investors. 

The spate of year-end deals follows crop storage and financing venture Arya’s $21 million round, led by Quona Capital.