Aibono secures $2.5 million to connect India’s small farmers to food retailers
ImpactAlpha, March 13�? Bangalore-based startup Aibono is developing farm services and software to connect India?s small farmers to retailers.�Aibono?s model for preventing food waste, improving agricultural efficiency and supporting farmers? livelihoods has been backed by impact fund Menterra, Milliways Venture, Artha Ventures, Rebright Partners and 3one4 in a Series A equity round.� Aibono works with
- Aibono works with small farmers to outfit their farms with sensors and analytics software to improve the predictability of their harvests.
- The platform can estimate crop quantities 60 to 90 days in advance, “essentially synchronizing production of highly perishable fruits and vegetables” with retailers’ needs, Aibono’s Vivek Rajkumar explained.
- A number of startups are designing software and logistics platforms to improve efficiency in India’s food value chain, improving incomes and access to markets for small farmers in particular.