AgNext raises pre-Series A funding from Kalaari Capital
Agritech startup AgNext has raised around $4 million in funding in the last 12 months, with plans to expand product portfolio along with geographic expansion.AgNext Technologies, Chandigarh-based agri...
- AgNext, which is a portfolio firm of impact venture capital fund Omnivore, is an agricultural sensing solutions startup that collects spatial, temporal and spectral data across the agricultural and food value chain.
- It is currently focussed on horticultural, floricultural, and plantation crops, as well as select row crops, with an initial customer base across India and strong inbound interest from other geographies.
- We intend to scale our team and solutions deployment at a rapid pace over the coming year.”Jinesh Shah, Managing Partner at Omnivore, added, “We are excited to have Kalaari as a partner in AgNext’s journey, and look forward to creating a more vibrant agrifood tech ecosystem in India with them.”AgNext was founded in October 2016 by Taranjeet Singh Bhamra and Mrigank Sharad.
- It was previously incubated at STEP IIT Kharagpur and received seed funding and acceleration support from a-IDEA, which is managed by the National Academy of Agricultural Research Management (NAARM) in Hyderabad.