Agriculture tech startup Gramophone as we speak stated that it has raised ₹24 crore from current investor InfoEdge, which owns Naukri.com, and affect buyers Asha Impression and Higher Capital, amongst others.
Gramophone offers actionable agronomic insights coupled with final mile supply of high quality agriculture inputs to farmers, via a smartphone app and a name middle.
The startup was based in 2016 by Indian Institute of Expertise (IIT) graduates Tauseef Ahmad Khan, Nishant Vats Mahatre, Harshit Gupta and Ashish Ranjan Singh. The startup claims its final mile supply mannequin has helped them serve over 2.5 lakh farmers within the remotest villages throughout central India. It’s going to use the funds to broaden throughout a number of states.
Tauseef Khan, co-founder & CEO of Gramophone, stated, “Gramophone is on a mission to create a way forward for farming that places‘ Farmers First ’by democratizing information, constructing transparency in transactions, and making a linked ecosystem for farmers’ enterprise. This funding will allow us to take a position aggressively on product, knowledge science and scale operations throughout geographies. "
Agri-tech startups have seen rising investor curiosity in India, with startups at an early stage in addition to progress stage trying to clear up issues together with provide chain and retailing.
US-based Tiger International Administration led a $ 90 million spherical in Ninjacart, a grocery provide chain platform in Could this 12 months, whereas DeHaat, an internet market for farm services and products, stated it has raised ₹30 crore in a funding spherical led by affect investor Omnivore.