Fasal SBI partnership to financially empower farmers, accelerate the transformation of India's horticulture ecosystem
Best Agro to up its market share by 20%, to expand manufacturing capabilities
21-Apr-2023 - 0 Comments.
Best Agrolife Ltd (BAL) (BSE: BESTAGRO 539660), India’s leading agrochemicals manufacturer, has announced its medium to long-term target to gain 15 percent – 20 percent market share.
Aavishkaar Capital invests INR 16 Crores in INI Farms
14-Apr-2023 - 0 Comments.
ESG First Fund, managed by Aavishkaar Capital (Aavishkaar), an Aavishkaar Group company and a global pioneer in taking an entrepreneurship-based approach to scaling businesses for impact, and set up in partnership with KfW, a German state-owned development bank, announced their first investment of INR 16 Crores (1.95 Million USD) from the ESG First Fund into INI Farms.
Mahindra-Qualcomm-backed deep tech startup enters the agri fintech space
29-Mar-2023 - 0 Comments.
Carnot Technologies, India’s leading agri AI-IoT platform backed by Mahindra begins a strategic partnership with Avanti Finance.
Ergos disburse paperless agri loans of over INR 100 Cr in 7 months
01-Mar-2023 - 0 Comments.
Ergos, India's leading farmer-centric technology platform, backed by Aavishkaar Capital, Chiratae Ventures and British International Investment, that enables farmers to digitise their farm produce and provides them with doorstep access to end-to-end postharvest supply chain solutions, today announced that it has enabled its lending partners to achieve disbursement of over INR 100 crore to small and medium scale farmers and buyers.
Telluris Biotech plans to raise 12mn US $ by March 2023
28-Jan-2023 - 0 Comments.
Telluris Biotech, a Hyderabad-based company engaged in the manufacturing and supply of crop protection solutions for farmers and growers receives Biochemical Classification it received from the United States Environmental Protection Agency (USEPA).
Cropin raises INR 113 Cr funding from ABC Impact, Chiratae Ventures, Google, and JSR Corporation
12-Jan-2023 - 0 Comments.
Cropin, the global agritech pioneer that has built the world's first industry cloud for agriculture, has secured INR 113 crores in funding from new investors Google and JSR Corporation, as well as existing investors ABC Impact and Chiratae Ventures.
Omnivore under OmniX Bio invest in animal nutrition startup eFeed
11-Jan-2023 - 0 Comments.
Omnivore has announced today that it has invested in eFeed, an animal nutrition and health company manufacturing innovative products for livestock. This is Omnivore's third life sciences investment under its OmniX Bio initiative, which was originally launched in December 2021.
Agri tech startup Greenikk raises INR 5 crore in pre-seed funding from Indian, foreign investors
11-Jan-2023 - 0 Comments.
Greenikk, a Kerala-based fledgling startup that launched India’s first full-stack supply chain seamlessly connecting banana cultivators, wholesalers, exporters and B2B buyers on a single platform, has raised INR 5.04 crore in pre-seed funding from a string of institutional funders, angel investors and serial entrepreneurs from India and abroad.
Parametric Crop Insurance
06-Dec-2022 - 0 Comments.
The term ‘parametric crop insurance’ has been gaining popularity in the Indian farming scene over the last couple of years. Also known as ‘event-based insurance’ or ‘index-based insurance’, parametric crop insurance provides coverage against the occurrence of a specific event, mostly natural disasters.
India's agrifood startups raises a whopping US $4.6 billion funding in FY2022
30-Nov-2022 - 0 Comments.
India has overtaken China as Asia-Pacific's biggest funder of agrifoodtech innovation, attracting record levels of investment in the fiscal year April 2021 to March 2022, according to AgFunder and Omnivore's fourth India AgriFood Startup Investment Report.
Absolute along with DigiSafe launches Digifasal, first-of-its-kind insurance for farmers
28-Nov-2022 - 0 Comments.
Absolute, a plant bioscience company in collaboration with DigiSafe has launched India’s first-of-its-kind Do-It-Yourself insurance marketplace – Digifasal.
Fresh From Farm raises over INR 3.2 Cr in seed round led by Inflection Point Ventures
26-Nov-2022 - 0 Comments.
Food-Agri Business start-up Fresh From Farm has raised over 3.2 Cr in Seed Round led by Inflection Point Ventures. Fresh From Farm is a demand-and data-based aggregation ecosystem that recognizes retailer demand trends and buys the precise amount from farmers.
Arya.ag invests in computer vision-focused SaaS start-up, Assert AI’s latest USD 2 million fundraising round
09-Nov-2022 - 0 Comments.
Arya.ag, India's largest & only profitable integrated grain commerce platform, has announced a strategic investment in computer vision-focused SaaS startup Assert AI. The development is part of Assert AI's latest fund-raise amounting to USD 2 million and involved participation from Prashant Purker, Ex- MD & CEO of ICICI Venture, in his personal capacity.
Federal Bank begins testing for RBIH-developed KCC
23-Sep-2022 - 0 Comments.
Federal bank officially launched the pilot for Instant Kisan Credit Card (KCC) in the presence of the Reserve Bank Innovation Hub (RBIH) and the Tamil Nadu state government.
Farm-to-consumer firm, Deep Rooted raises $12.5 MN in Series A from IvyCap & Accel
22-Sep-2022 - 0 Comments.
Deep Rooted, India's leading farm-to-consumer (F2C) brand for fruits and vegetables has announced that it has raised US $12.5 million in Series A funding. The round was led by IvyCap Ventures with participation from existing investors including Accel, Omnivore, and Mayfield.
Union Bank of India digitizes Kisan Credit Card
20-Sep-2022 - 0 Comments.
Union Bank of India has announced an Industry-first, farmer-focused end-to-end digitalization of Kisan Credit Card product as part of flagship Digital Transformation project ‘Sambhav’.
Roeslein Alternative receives a USD 80m grant to create a new climate-smart agriculture value chain
16-Sep-2022 - 0 Comments.
Roeslein Alternative Energy (RAE) announced that it had received USD 80 million in federal funding for a five-year pilot project to create a value chain for climate-smart agriculture where farmers who plant prairie grasses and cover crops are compensated with environmental credits and receive income from renewable energy.
Agtonomy receives seed III funding from Cavallo Ventures and Mirae Asset
16-Sep-2022 - 0 Comments.
Ag-tech innovator Agtonomy announced it closed a USD 13.5 million funding round for its cutting-edge software and services.
Proveye receives funding from the European Space Agency worth USD 225k
14-Sep-2022 - 0 Comments.
The European Space Agency (ESA) has awarded Proveye, an Irish AgTech business that invented the use of digital image data for agricultural and environmental protection, USD 225,000 through the ARTES 4.0 Downstream Applications Demonstration Fund.
Ayekart raises USD 5.5 million in debt and equity to support growth
13-Sep-2022 - 0 Comments.
Ayekart, a startup in the agri-fintech sector, has raised USD 5.5 million from Siply, a fintech platform, and Caspian Debt, a corporate lending financial institution. The Latter provided about USD 2.5 million in debt financing, and former provided over USD 2.8 million in equity finance.
B2B food processing firm Suite42 raises $4.3 MN in seed round from Omnivore, Orios
07-Sep-2022 - 0 Comments.
Suite42, a B2B food processing platform, announced today that it has raised USD 4.3 million in Seed funding.
Insect biotech startup Loopworm raises $3.4M from Omnivore, WaterBridge
06-Sep-2022 - 0 Comments.
India's leading insect biotech startup, Loopworm, announced today that it has raised a $3.4 million Seed round co-led by Omnivore and WaterBridge Ventures, with participation from Titan Capital and leading angel investors including Nadir Godrej (Godrej Agrovet), Sanjiv Rangrass (ex-ITC), and Akshay Singhal (Log9 Materials).
3F Oil Palm invest INR 250 CR in state-of-the-art integrated oil palm factory in Arunachal Pradesh
03-Sep-2022 - 0 Comments.
Hyderabad based 3F Oil Palm Pvt. Ltd, a leading oil palm company in India, today announced that it will kick off its investment in the northeast by setting up an integrated Oil Palm factory in Arunachal Pradesh.
Farmley raises $6M in Series A funding
24-Aug-2022 - 0 Comments.
Farmley, a full-stack nuts & dry fruits brand, has raised $6 million in Series A funding. The round was led by DSG Consumer Partners and Alkemi Growth Capital alongside existing investors Omnivore, Insitor Partners, and other angel investors.
Agri-Insurtech startup IBISA raises seed funding from Ankur Capital
16-Aug-2022 - 0 Comments.
Agri insurtech startup IBISA announced that Ankur Capital, an India-based leading early-stage venture capital fund focused on transformative technologies in deeptech and climate tech has joined its seed round.
Piatrika Biosystems raises $1.2 MN seed funding led by Ankur Capital
Agri-Genomics startup, Piatrika Biosystems has raised $1.2 Million in a seed round led by Ankur Capital.
Samunnati open agri network enters co-lending partnership with State Bank of India for financing FPOs
Samunnati, India's Open Agri Network has entered into the largest Co-Lending partnership in India aimed at the Farmer Producer Organization (FPO) space with SBI, India's largest bank. The initial program amount is INR 100 Crores.
Vegrow raises USD 25 million to broaden its geographic scope
Prosus Ventures led the Series B investment round of USD 25million for Vegrow, a B2B agritech marketplace for fruits.
DLL India sells its agriculture, healthcare finance portfolio to Kotak Bank
11-Jul-2022 - 0 Comments.
Kotak Mahindra Bank, a private sector lender, announced that it has purchased the portfolio of agricultural and medical equipment financing from De Lage Landen International BV's Indian business (DLL). With this, the bank has acquired 25,000 new clients with a credit balance of roughly INR 582 crore.
Go Green Warehouse raises undisclosed funds through structured debt financing
Go Green Warehouses Private Limited, an integrated commodity management solutions provider, announced the raising of structured debt finance from a domestic financial institution.
A S AGRI AND AQUA LLP invests in Agri Tourism Development Corporation
A S AGRI AND AQUA LLP, widely recognized as a pioneer in Hi-tech soil-based Vertical Farming in India and one of the largest turmeric producers has announced their investment in Taware's startup Agri Tourism Development Corporation (ATDC).
Govt sanctions INR 12831 crore under National Agriculture Infra Financing Facility
18-Apr-2022 - 0 Comments.
As on 28 March 2022, INR 663.9 crore have been sanctioned in Rajasthan for 824 projects and out of which INR 390.5 crore have been disbursed for 552 projects.
Omnivore announces launch of new USD 130m venture fund focusing on agritech, climate sustainability
12-Apr-2022 - 0 Comments.
Omnivore, India's leading agritech venture capital firm, recently announced the launch of its third fund, with a target corpus of USD 130m (INR 1000 crore).
Ninjacart partners with Avanti Finance to launch innovative credit products focused on agri value chain
11-Apr-2022 - 0 Comments.
Ninjacart, India's leading agri-platform which leverages technology to organise the agriculture ecosystem, has expanded its capabilities within the agri-tech space championing digital financial inclusivity through a strategic partnership with Avanti Finance.
Leaf Agriculture raises USD 5m seed funding from S2G Ventures
31-Mar-2022 - 0 Comments.
Leaf, food and agriculture's data infrastructure company, has raised USD 5m in seed funding led by S2G Ventures with participation from all existing investors including Cultivian, Radicle Growth, and SP Ventures.
Koidra raised USD 4.5m seed funding from Ospraie Ag Science for IA of greenhouses
30-Mar-2022 - 0 Comments.
Koidra, intelligent automation (IA) platform company based out of Seattle, has raised USD 4.5m in its seed round. Ospraie Ag Science (OAS) led this round of funding, with participation from Amritam Holdings, Cavallo Ventures, and Foothill Ventures.
Morocco receives USD 180m loan from World Bank to support sustainable agriculture
28-Mar-2022 - 0 Comments.
The World Bank recently approved a USD 180m Investment Project Financing (IPF) loan to support resilient and sustainable agriculture in Morocco.
Uzbekistan gets USD 200m financial support from World Bank
26-Mar-2022 - 0 Comments.
The World Bank’s Board of Executive Directors approved a USD 200m financing package for the Second Rural Enterprise Development Project (REDP) aimed at supporting the establishment and expansion of farms and rural enterprises in 10 regions of Uzbekistan.
Ghana receives a USD 60m climate smart agriculture fund from World Bank for smallholder farmers
25-Mar-2022 - 0 Comments.
World Bank approves USD 60m fund for climate-smart agriculture initiative that preserves soil, water, plant, animal and human health which would affect directly about two million Ghanaian smallholder farmers.
ThriveAgric secures USD 56m in debt funding for business expansion in African market
24-Mar-2022 - 0 Comments.
ThriveAgric, an Abuja, Nigeria-based agtech company, raised USD 56.4m in debt funding. Investors included local commercial banks and institutional investors. The USAID-funded West Africa Trade and Investment provided USD 1.75m as a co-investment grant.
Aquaconnect raised USD 8m from Trifecta Capital for business expansion
22-Mar-2022 - 0 Comments.
Aquaconnect, a Chennai-based network for aqua farmers, has raised USD 8 million in a venture debt funding round led by Trifecta Capital.
Agritech Nakhla secures finance from Euphrates Ventures
17-Mar-2022 - 0 Comments.
Nakhla, an Iraqi-based Agri-tech social enterprise, has received a six-figure investment from Euphrates Ventures, an Iraq-focused venture fund. The investment was facilitated by the Iraqi Angel Investors Network and marks the first investment round completed by an Iraqi Agri-tech startup.
Arya launches first instant loan service for farmers
15-Mar-2022 - 0 Comments.
Arya.ag, India’s leading integrated grain commerce platform, has announced that it has launched a first-of-its-kind single click agri instant loan for the farming community across India.
Bayer to sell its environmental science professional business to Cinven for US $2.6bn
11-Mar-2022 - 0 Comments.
Bayer and Cinven have entered into a definitive agreement regarding the sale of Bayer’s Environmental Science Professional business for a purchase price of US$ 2.6 billion (2.4 billion euros).
DLL, Mahindra & Mahindra Financial Services, MagNA to continue long standing partnership
11-Mar-2022 - 0 Comments.
Global financial solutions provider DLL, a fully-owned subsidiary of Rabobank Group, announced yesterday that they will extend their long-standing U.S. joint venture with Mahindra & Mahindra Financial Services Limited (MMFSL).
BOB Financial, CreditAI launches co-branded credit card for farmers
11-Mar-2022 - 0 Comments.
BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda (BoB), and CreditAI Fintech Pvt Ltd (CAI), a Singapore and Bengaluru based farmer digitisation and credit scoring company have launched Unnati – a co-branded credit card exclusively for farmers. The card has been launched as a contactless offering on the Visa network.
Santander launches crypto-backed agriculture loans in Argentina
11-Mar-2022 - 0 Comments.
In Argentina, Santander has teamed up with Agrotoken to provide agricultural products-based credits for farmers.
Otipy raises USD 32m from Westbridge Capital to expand its supply chain in new cities
09-Mar-2022 - 0 Comments.
Agri-tech startup Otipy has raised INR 235 crore (USD 32m) in its series B round led by Westbridge Capital. Existing investors SIG and Omidyar Network India were also involved, according to the company.
Ninjacart launches $25 MN agri seed fund
04-Mar-2022 - 0 Comments.
Ninjacart, India's leading agri-platform which leverages technology to organize the agriculture ecosystem, launches an Agri Seed Fund, a $25 million fund to support emerging and new-age startups in the agriculture sector.
AgDevCo secures USD 90m of DFI funding to invest in African agribusinesses
04-Mar-2022 - 0 Comments.
AgDevCo, the specialist investor in early-stage African agribusinesses, recently announced a USD 90m package of new funding from the CDC Group (USD 50m), Norfund (USD 20m) and DFC (USD 20m) which will allow AgDevCo to continue to grow its investment activities in agriculture across Sub-Saharan Africa.
Yes Bank incubates scalable fintech solutions for agritech
02-Mar-2022 - 0 Comments.
YES BANK announced the launch of an annual start-up enabler program, YES BANK Agri Infinity, which seeks to co-develop digital financial solutions for the food and agriculture ecosystem by mentoring entrepreneurial ventures in the field.
Govt focus on new 10,000 FPOs will benefit small farmers, says Agri minister
01-Mar-2022 - 0 Comments.
Indian Agriculture and Farmers Welfare Minister, Narendra Singh Tomar said that the plan to form 10,000 new Farmer Producer Organisations (FPOs) in the country will benefit farmers.
NABARD permits MSC Bank to refinance PACCs
28-Feb-2022 - 0 Comments.
In a major development, NABARD has given permission to Maharashtra State Cooperative (MSC) Bank to give short-term refinance to the Primary Agriculture Credit Cooperative Societies (PACCs), connected with those DCCBs which are weak or not in a position to give finance to them.
Krishify startup in agritech receives USD 6.2m in pre-series A round from Omnivore
25-Feb-2022 - 0 Comments.
Krihify, an agricultural tech platform, has raised USD 6.2m in a pre-Series A round led by venture capital fund Omnivore. Existing investors Ankur Capital, Omidyar Network India, and Orios Venture Partners were also involved in the financing round.
IFAD funded project to develop technologies to help smallholder farmers in Latin America, Caribbean
25-Feb-2022 - 0 Comments.
The UN's International Fund for Agricultural Development (IFAD) launched the Innovatech project, which aims to develop agricultural (AgriTech) and financial (FinTech) digital solutions to facilitate small farmer's access to markets and to financial and non-financial services in Bolivia, El Salvador, Guatemala, Haiti, Honduras and Mexico.
AGRIM secures USD 10m from Kalaari, Axis Bank to serve USD 50bn in Agri-Inputs market
19-Feb-2022 - 0 Comments.
AGRIM has raised USD 10m in Series A funding. Kalaari Capital led the round along with Omnivore, India Quotient, and Accion Venture Lab. As part of its Bharat Banking initiative, Axis Bank participated in the round.
Arya.ag tie up with MAS Financial Services to offer agri finance to small farmers & FPOs
11-Feb-2022 - 0 Comments.
Arya, India's largest integrated grain commerce platform, today announced a tie-up with leading NBFC, MAS Financial Services Limited to offer Agri-finance to farmers with a specific focus on small farmers and FPOs.
India’s integrated grain commerce platform, Arya.Ag raises US $60 Million in Series C
28-Jan-2022 - 0 Comments.
Arya, India’s largest integrated grain commerce platform has announced the close of its Series C round, having raised USD 60 million in a mix of equity and debt.
WayCool completes investment into SV Agri, India's leading potato value chain player
20-Jan-2022 - 0 Comments.
WayCool Foods, India's fastest growing Agri-commerce company, today, announced the completion of its investment in SV Agri (SiddhiVinayak Agri Processing), one of India's largest fully integrated players in the potato supply chain ecosystem. WayCool initiated the process in July 2021 and has completed its investment of USD 7.5 mn in the company.
Europe's Impact fund Huruma invests $11.6 MN in WayCool Foods
10-Jan-2022 - 0 Comments.
Europe's leading impact investing fund, Huruma, managed by GAWA Capital, announced its investment of $11.6 million in India's largest and fastest growing agri-commerce company – WayCool Foods.
Omnivore, AgFunder release India Agrifood Startup Investment Report for FY2020-21
10-Jan-2022 - 0 Comments.
Omnivore and AgFunder has announced the publication of the India Agrifood Startup Investment Report for FY2020-21.
Samunnati signs co-lending partnership with IndusInd Bank exclusively for FPOs
26-Dec-2021 - 0 Comments.
Samunnati an agri-value chain enabler has entered an industry first co-lending agreement with IndusInd Bank to expand credit accessibility and market linkages for farmer producer organisations (FPOs) across the country.
Dairy tech startup Stellapps raises USD 18 MN from pre-series C round, to digitize the Indian dairy sector
20-Nov-2021 - 0 Comments.
India's leading dairy-tech startup Stellapps has completed the first close towards its pre-series C round from various investors. The total size of the round will be USD 18 million.
Deep tech start-up AgNext raises US $21 million in Series A from Alpha Wave Incubation
21-Aug-2021 - 0 Comments.
AgNext Technologies, India's leading deep-tech agritech start-up, announced today that it has raised a total of USD 21 million in Series A funding.
Govt releases funding for APMCs under Agriculture Infrastructure Fund scheme
09-Aug-2021 - 0 Comments.
India government has launched the Central Sector Scheme of financing facility under Agriculture Infrastructure Fund (AIF) to boost Agriculture Infrastructure relating to Post-Harvest Management (PHM) and Community Farming Assets in the country.
Symbiotics launches first agricultural green bond with Samunnati
28-Jul-2021 - 0 Comments.
Symbiotics, the leading market access platform for impact investing, has arranged with Samunnati Financial Intermediation & Services Private Limited its first green bond whereby the proceeds of USD $4.6 million in local currency equivalent are fully allocated towards climate smart agriculture.
Otipy raises USD $10.2 mn in Series A led by SIG, Omidyar
19-Jul-2021 - 0 Comments.
Otipy, India’s community group buying platform for fresh produce, raised a Series A financing of USD $10.2 million (Rs 76 crores) led by SIG. Omidyar Network India, Innoven Capital and existing investors IPV (Inflection Point Ventures), Pravega, and FactorE also participated in the round.
BASF Venture Capital invests in Indian hydroponics firm UrbanKisaan
16-Jul-2021 - 0 Comments.
BASF Venture Capital GmbH (BVC) is investing in the Indian startup UrbanKisaan, which specializes in hydroponic cultivation of various types of vegetables, greens and herbs in tropical urban environments. This is BVC’s first investment in an early stage business focusing on India.
Agri fintech startup Dvara e-registry raises pre-Series A funding from Omnivore, Dvara Holdings
06-Jul-2021 - 0 Comments.
Dvara E-Registry, an agri fintech startup has announced today that it has raised a pre-Series A round of funding from Omnivore, an India based venture capital firm and Dvara Holdings.
WayCool Foods plans strategic investments of USD 20 mn
11-Jun-2021 - 0 Comments.
Agri-tech firm WayCool Foods and Products has an investment capex of USD 20 million to invest in companies with complementary capabilities, according to the IANS report.
Hosachiguru launches managed farm plots with inhouse food forests
07-Jun-2021 - 0 Comments.
Hosachiguru, a Bengaluru-based farm asset management startup, has launched two new managed farmland projects on the outskirts of Bengaluru to cater to the increasing interest in owning farmland and leading a more sustainable lifestyle.
IDBI Bank launched digitized automated loan processing system for MSME, agri-borrowers
02-Jun-2021 - 0 Comments.
IDBI Bank Limited has recently launched a fully digitized, end-to-end, Loan Processing System (LPS) for its MSME and Agri products, according to a media report.
Jai Kisan raises USD 30mn in Series A funding led by Mirae Asset
31-May-2021 - 0 Comments.
Rural fintech startup Jai Kisan has raised USD 30mn (INR 217 Crores) in a combination of equity and debt in a Series A round of funding led by Mirae Asset. Blacksoil, Stride Ventures, and Trifecta Capital contributed the debt in the round whereas, Veda Corporate Advisors was the exclusive financial advisor to Jai Kisan for the fundraise.
Omnivore to elevate USD 150 million funds to enhance rural agritech
31-May-2021 - 0 Comments.
Omnivore, an agritech venture capital firm, recently announced that it is setting up a new USD 150 million funds to be invested in tech-driven, predictive crop insights that can help improve productivity and profitability for farmers in India.
AgriTech silk supply chain startup ReshaMandi raises USD 1.7 mn seed funding
23-May-2021 - 0 Comments.
ReshaMandi, an agritech start-up digitizing India’s silk supply chain, has raised USD 1.7 million in seed funding. The round was led by Omnivore and Strive Ventures with participation from Axilor Ventures and Supply Chain Labs (Lumis), according to a media report.
National Cooperative Development Corporation, NAFSCOB join hands for capacity development of cooperative banks
17-May-2021 - 0 Comments.
To give further boost to the MoU between National Cooperative Development Corporation (NCDC) and National Federation of State Cooperative Banks Ltd (NAFSCOB), the dedicated training academy for cooperatives, the Laxmanrao Inamdar National Academy for Cooperative Research and Development (LINAC) launched a five-day online training programme on Project Formulation and Appraisal Techniques.
Agriculture Infrastructure Fund applications cross INR 8000 crore mark, set to transform agri-infrastructure
05-May-2021 - 0 Comments.
Agriculture Infrastructure Fund has crossed the INR 8000 crore mark after receiving 8665 applications worth INR 8216 crores. The largest share of the pie is contributed by Primary Agricultural Credit Societies (PACS) (58 percent), agri-entrepreneurs (24 percent) and individual farmers (13 percent). These investments are for a wide range of projects which will unlock value for farmers across the country.
Post-harvest startup Arya crosses INR 200 crore loan book mark
05-May-2021 - 0 Comments.
Arya, India's leading post-harvest Agritech player through its digital financial solutions company, Aryadhan has crossed the book size of INR 200 Crores.
Netafim Agricultural Financing Agency raises USD $50 mn from Phoenix Group, Cogito Capital
26-Apr-2021 - 0 Comments.
Netafim Agricultural Financing Agency Pvt. Ltd. (NAFA), an agri-focused NBFC and a subsidiary of Netafim Singapore, has raised USD 40 million via external commercial borrowing (ECB) from the Phoenix Group and Cogito Capital, both Israel based investors.
National Cooperative Development Corporation secures INR 600 loan from Deustsche Bank
17-Apr-2021 - 0 Comments.
The National Cooperative Development Corporation (NCDC) has secured Euro 68.87 million (Rs 600 cr) loan from Deutsche Bank, Germany’s largest bank, for onward lending to cooperatives in the country.
Agri-inputs B2B marketplace AGRIM raises USD $2M in seed funding from Omnivore, India Quotient and Accion Venture Lab
05-Mar-2021 - 0 Comments.
AGRIM, a B2B marketplace for agri-inputs, came out of stealth mode today to announce that it had raised over USD 2 million (INR 15 crore) in Seed round funding back in May 2020 and had scaled operations substantially over the past ten months.
Budget 2021-22: Finance minister proposes 9 measures for agriculture, allied sectors; agri credit target enhanced to INR 165,000 crore
02-Feb-2021 - 0 Comments.
In a slew of steps to support the agriculture sector, minister for finance & corporate affairs Mrs Nirmala Sitharaman announced 9 measures for Agriculture Sector as part of inclusive development for aspirational India while presenting the Union Budget 2021-22.
Cold chain startup Inficold raises $ 900,000 from RVCF
27-Jan-2021 - 0 Comments.
Inficold, a Noida - based startup supported by Shell Foundation, an independent UK registered charity, that provides cold storage solutions has raised $900,000 (Rs. 6.5 crore approximately) in a funding round from RVCF and other undisclosed high net worth individuals as a part of their Pre Series A fund closure.
Provide level playing field to Agri-NBFCs in Budget 2021-22, writes NAFA CEO
26-Jan-2021 - 0 Comments.
Agriculture and allied activities employ more than 50 percent of the workforce and yet remain largely unorganized and fragmented. Even after showing the silver lining during the gruelling economic slowdown induced by an unforeseen pandemic, the Indian agribusiness is not flourishing to its full capacity.
qZense secures INR 4.5 Cr seed investment led by Venture Catalysts
01-Jan-2021 - 0 Comments.
Venture Catalysts, India’s first and largest integrated incubator and accelerator, has recently led INR 4.5 Cr seed investment in qZense Labs, an agritech start-up for quality control and management of fresh produce.
3EA fund Gujarat based agricultural start-up
10-Dec-2020 - 0 Comments.
With the reforms in the agricultural sector and the introduction of Farmers Act 2020, Government of India has boosted the overall growth of the sector by building infrastructure and supply chains for farm produce in national and global markets. This will benefit small farmers who aren’t able to bargain for their produce and get a better price or invest in technology to improve the productivity of their farms.
Agriculture sector shows great resilience during lockdown; time to leverage recovery opportunities
02-Nov-2020 - 0 Comments.
Agriculture is the backbone of Indian economy. With the farm sector registering a growth rate of 3.4 percent in the first quarter when most other sectors were slowing down, shows the resilience that this sector holds. Experts are calling agriculture a bright spot in the current Covid-19 gloom.
NABARD sanctions over INR 85 crore under RIDF scheme to Goa during 2020-21
30-Oct-2020 - 0 Comments.
NABARD has sanctioned loans worth INR 85.04 crore under Rural Infrastructure Development Fund (RIDF) to the Government of Goa for various Social Infrastructure Projects in the State.
Soil tech firm raises $1 mn from NABVENTURES, Omnivore
07-Oct-2020 - 0 Comments.
Krishitantra announced that it has raised USD 1 million (INR 7.6 crore) in seed funding from NABVENTURES and Omnivore.
State Bank of India launches new feature on YONO Krishi Platform for farmers
15-Aug-2020 - 0 Comments.
India largest public sector bank, State Bank of India (SBI), has introduced a new feature known as Kisan Credit Card Review on YONO Krishi.
PM's new finance initiative of INR 100,000 Cr agriculture infra fund catalytic for agri-infra development: FAIFA
15-Aug-2020 - 0 Comments.
The Federation of All India Farmer Associations (FAIFA), a non-profit organization representing the cause of millions of farmers and farm workers of commercial crops has lauded Prime Minister Narendra Modi’s INR 100,000 crore Agriculture Infrastructure Fund financing facility.
Government encouraging start-ups in agriculture for enhancing income of farmers; invest INR 11.85 Cr, says Tomar
04-Aug-2020 - 0 Comments.
The Indian government accords very high priority to the agriculture sector. In order to contribute directly and indirectly to enhancing the income of farmers by providing opportunities to them and to provide employment to youth, start-ups are being encouraged, Indian agriculture and farmers' welfare minister Narendra Singh Tomar said.
Cabinet approves financing facility under 'Agriculture Infrastructure Fund'
09-Jul-2020 - 0 Comments.
The cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to a new pan India Central Sector Scheme-Agriculture Infrastructure Fund.
Arya Collateral Warehousing Services raises debt funding from responsAbility
01-Jul-2020 - 0 Comments.
Arya Collateral Warehousing Services, one of India’s leading post-harvest agricultural services companies has raised debt funding from responsAbility, one of the leading impact investment funds in return of non-convertible debentures (NCDs).
Post-harvest agri startup Aryadhan Financial Solutions disburse INR 100 Cr loan
29-Jun-2020 - 0 Comments.
Aryadhan Financial Solutions Pvt Ltd, the financing arm of post-harvest Agri startup Arya has crossed the book size of Rs.100 Crores.
‘Need to increase private investment in the agriculture sector,’ says Tomar
15-Jun-2020 - 0 Comments.
India agriculture & farmers’ welfare Narendra Singh Tomar has emphasized on increasing private investment in the field of agriculture.
Cabinet approves short term loans repayment for agriculture, allied activities till August 31
01-Jun-2020 - 0 Comments.
The Union Cabinet chaired by the Prime Minister, Narendra Modi has given its approval to extend repayment date up to 31 August 2020 for Standard Short-Term loans up to INR 3 lakh advanced for agriculture and allied activities by banks.
Finance Minister announces INR 2 lakh crore credit to farmers under Kisan Credit Card Scheme
15-May-2020 - 0 Comments.
Understanding the need for credit in the amidst COVID 19 lockdown period, Indian finance minister, Nirmala Sitaraman has announced INR 2 lakh crore (USD $ 26.7 billion) to farmers under Kisan Credit Card Scheme.
Agri ministry releases INR 17,793 cr under PM-KISAN scheme during the lockdown
21-Apr-2020 - 0 Comments.
Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme during the lockdown period from 24 March 2020 till 20 April 2020, about 8.89 crore (88.9 million) farmer families have been benefitted and an amount of INR 17,793 crore has been released so far.
Govt sanctions INR 17,800 Cr loans, clears INR 2424 Cr under PMFBY insurance claim
16-Apr-2020 - 0 Comments.
Under the Kisan Credit Card (KCC) 18.26 lakh applications have been sanctioned for loans worth INR 17,800 cr and INR 2424 crores have been disbursed to the beneficiary farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY)
Patna based agri marketplace DeHaat raises INR 90 Cr from Sequoia Capital, Dutch Bank
08-Apr-2020 - 0 Comments.
DeHaat, an online marketplace for farm services and products has raised INR 90 crore (USD $12 million) in a Series A funding round led by Sequoia Capital India.
Egyptian Government pledges subsidies to help agricultural export to the MEA region
08-Oct-2018 - 0 Comments.
Egyptian exports to the UAE increased from USD1.126bn in the first half of 2016, to USD1.204bn during the same period in 2017 according to Egypt Todayregistering a 7 per cent increase in growth.
Netherlands agriculture, food exports in 2016 touches €94 BN
24-Jan-2017 - 0 Comments.
The Dutch agriculture & food sector has further strengthened its leading position in the world market. In 2016, agriculture & Food exports totaled almost 94 billion euros
Nabard gears up for self help groups digitisation
16-Oct-2016 - 0 Comments.
Bringing digital divide in self help groups (SHG), National Bank for Agriculture and Rural Development (NABARD) has decided to digitized SHGs in 22 more districts.
India working on drone for agriculture use
17-Jul-2016 - 0 Comments.
India is working on using drone technology for agriculture use, Sudarshan Bhagat, Indian minister of state for Agriculture and Farmers Welfare informed the parliament.
India sign MoU with Lithuania on agri cooperation
25-Mar-2016 - 0 Comments.
Indian cabinet chaired by the Prime Minister, Narendra Modi has given its approval for signing of a Memorandum of Understanding between India and Lithuania for cooperation in the field of agriculture
US eyes agri partnership with Haryana
02-Mar-2016 - 0 Comments.
With a view to increase agriculture growth in the most fertile northern state of India, US has expressed interest in collaborating with Haryana.