ImpactAlpha, July 15 — Entrepreneurs are aiming to streamline India’s $280 billion agriculture industry (see, “Digitization of smallholder farming draws investors to Indian agtech startups”).
The latest: Hyderabad-based vertical indoor farming startup Urbankisaan, which grows herbs, fruits and vegetables in urban India, and sells them through franchised in-person and online stores.
It raised an undisclosed amount of funding from Germany’s BASF Venture Capital.
Financing fish
Chennai-based Aquaconnect helps more than 35,000 aquaculture farmers of fish and shrimp manage their farms, reach customers and access credit and insurance.
The company raised $4 million in a pre-Series A round backed by AgFunder and Omnivore to scale up its AI-powered “farm advisory, financial services, and marketplace for seafood exports,” said founder Rajamanohar Somasundaram.
Local players
Mumbai’s WeFounder Circle invested a combined $282,000 in food traceability tech startup Anveshan, fresh produce supply-chain platform Humus and Hesa, a last-mile distribution company.
