Agritech startup BharatAgri raised $1.7 million in its extended Series A led by Capria Ventures where Omnivore, India Quotient, 021 Capital, Ratnagiri Impex, and Sanjiv Rangrass, former CEO of ITC’s agri business also participated.
BharatAgri provides farmers with AI-based agronomy services to help them increase their incomes through the systematic application of scientific farming techniques. BharatAgri intends to use the funds raised in the round to expand its personalised advisory-driven ecommerce offerings. The startup also runs the ecommerce platform Krushidukan, which sells agricultural products to farmers such as fertilisers, seeds, pesticides, insecticides, and farming equipment. Krushidukan, according to BharatAgri, has grown at a cumulative monthly rate of 100% since its inception. According to a Bain & Company report, agritech investments in India could soar to $35 Bn by 2025 from $329 Mn in 2020.