Agri-tech startup LeanAgri raises seed funding from India Quotient, others
8 March 2019 5:34 AM IST
LeanAgri, an agritech startup has raised funding in its seed round and though the actual amount that came in as investment is not disclosed, the key investor in this round is India Quotient. Some angel investors too, appear to have invested. AngeList India Syndicate, Sachin Oswal, Ajay Prabhu and Hari Balasubramanian are the other entities that participated in this seed round funding for LeanAgri. While Sachin Oswal is the co-founder of Infibeam, Prabhu is the COO of Quest Global.
- AngeList India Syndicate, Sachin Oswal, Ajay Prabhu and Hari Balasubramanian are the other entities that participated in this seed round funding for LeanAgri.
- One is they can assist in ramping up the crop production per acre by 30% to 40% and the other is to bring down the cost of production for the farmer by around another 15%-20%.
- LeanAgri claims it has around 4,000 farmers who have signed up as its clients in the limited geography it is operating in, the states of Maharashtra, Andhra Pradesh and Karnataka.
- There have been other startups in the agrtitech segment that have also raised funds recently; these include AgNext, in Punjab, NinjaCart and AgShift Inc.
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