Horticulture startup INI Farms raised $1.95 million from Aavishkaar Capital’s ESG First Fund

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Horticulture startup INI Farms raised $1.95 million from Aavishkaar Capital’s ESG First Fund. As per the startup, it will use the funds to achieve multifold growth, expand through the entire agriculture output business and leverage the current supply chain capabilities.

The startup aims at building a tech-driven global fruit brand in the name of Kimaye. Through its direct-to-consumer platform FruitRoute and other ecommerce channels, it serves the agro-markets of 35 countries. In India, the startup has offices in eight cities, including Delhi, Mumbai, Bengaluru, and Hyderabad.

Pankaj Khandelwal and Purnima Khandelwal founded INI Farms in 2009 with the goal of achieving 100% disintermediation and less than 2% food waste due to supply chain delays.

INI Farms was acquired in cash and stock by B2B farm input startup Agrostar in 2022. The agreement gave INI access to an engaged digital farmer network of over 5 million users, as well as a retail network of over 2000 stores.

Purnima Khandelwal commented on the funding round, saying, “The agriculture story in India is poised for multi-fold growth.” We believe that large platforms that provide farmers with end-to-end services ranging from advisory to inputs to output offtake will drive this transformation.”

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Horticulture startup INI Farms raised $1.95 million from Aavishkaar Capital’s ESG First Fund

Horticulture startup INI Farms raised $1.95 million from Aavishkaar Capital’s ESG First Fund. As per the startup, it will use the funds to achieve multifold growth, expand through the entire agriculture output business and leverage the current supply chain capabilities.

The startup aims at building a tech-driven global fruit brand in the name of Kimaye. Through its direct-to-consumer platform FruitRoute and other ecommerce channels, it serves the agro-markets of 35 countries. In India, the startup has offices in eight cities, including Delhi, Mumbai, Bengaluru, and Hyderabad.

Pankaj Khandelwal and Purnima Khandelwal founded INI Farms in 2009 with the goal of achieving 100% disintermediation and less than 2% food waste due to supply chain delays.

INI Farms was acquired in cash and stock by B2B farm input startup Agrostar in 2022. The agreement gave INI access to an engaged digital farmer network of over 5 million users, as well as a retail network of over 2000 stores.

Purnima Khandelwal commented on the funding round, saying, “The agriculture story in India is poised for multi-fold growth.” We believe that large platforms that provide farmers with end-to-end services ranging from advisory to inputs to output offtake will drive this transformation.”

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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