Agritech startup AgroStar raises $6.7 million from Accel India, other existing backers

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Agritech startup AgroStar has raised $6.7 million from its existing backers, with Accel India leading the round.

The round also saw participation by Aavishkaar India, Bertelsmann, Evolvence India, Chiratae Ventures and Hero Enterprises.

The company board has passed a resolution to issue 1,45,385 compulsory convertible non-cumulative preference shares at Rs 3,965 each, to raise Rs 57.6 crore, as per filings sourced from business intelligence platform Tofler.

Founded in 2013 by Sitanshu Sheth and Shardul Sheth, the Pune-based company leverages data and…



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Agritech startup AgroStar raises $6.7 million from Accel India, other existing backers


Agritech startup AgroStar has raised $6.7 million from its existing backers, with Accel India leading the round.

The round also saw participation by Aavishkaar India, Bertelsmann, Evolvence India, Chiratae Ventures and Hero Enterprises.

The company board has passed a resolution to issue 1,45,385 compulsory convertible non-cumulative preference shares at Rs 3,965 each, to raise Rs 57.6 crore, as per filings sourced from business intelligence platform Tofler.

Founded in 2013 by Sitanshu Sheth and Shardul Sheth, the Pune-based company leverages data and…



Source link

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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