Agritech Startup Aibono Raises $2.5 Mn In Pre-Series A Funding Round
12 March 2019 4:16 AM IST
According to the company, it will use the funds to expand its service to 2,000 farmers and 1,000 small retailers.
- Bengaluru-based agricultural service provider Aibono has raised $2.5 Mn (INR 17.4 Cr) in Pre-Series A funding round which was led by impact fund Menterra Venture Advisors.
- It is also focusing on expanding its market reach to more Tier 1 and Tier 2 cities Citing founder Vivek Rajkumar, an ET report said that since 2017, Aibono has aggregated 250 retailers and have recorded data on consumption patterns and built predictive analytics based on it.
- In December 2018, it was reported that the venture capital firm had invested in some social impact startup including OmiX Labs, Adiuvo, Stones2Milestones.
- In January, Chandigarh-based AgNext had raised a Pre-Series A round from venture capital fund Kalaari Capital to expand its product portfolio.
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