Drone tech startup Urban Matrix raises INR 6 Cr in pre-Series A round

13-Nov-2023 - 0 Comments.

Drone tech startup UrbanMatrix Technologies has raised INR 6 Crores in a Pre-series A round led by Inflection Point Ventures. The funds will be allocated towards product development, team expansion and expanding into new markets. 

Stubble burning problem can't be addressed unless farmers are taken into confidence, provided support with funds and equipment: FAIFA

20-Oct-2022 - 0 Comments.

FAIFA, a leading non-profit organization representing the cause of millions of farmers and farm workers of commercial crops in India, has urged state governments to take farmers into confidence and support them with funds and equipment to effectively address the stubble burning problem.

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.

Apollo Agriculture secures USD 40m from Softbank, Chan Zuckerberg

22-Mar-2022 - 0 Comments.

Apollo Agriculture, a Kenya-based technology company that offers market access and financial services to farmers, secured USD 40m in funding from SoftBank Vision Fund 2 which former will use the funds for expansion of its business.

Madhya Pradesh disburse INR 7600 cr under crop insurance to 49 lakh farmers

12-Feb-2022 - 0 Comments.

The Department of Farmer Welfare and Agriculture Development, Government of Madhya Pradesh, organized a historic event to disburse the biggest corpus of funds for crop insurance amounting to more than INR 7,600 crore via direct benefit transfer in the accounts of more than 49 lakh farmers of Madhya Pradesh.

Kerala farmers can access 6.4% agri specific short term loan

21-Jun-2021 - 0 Comments.

The Ministry of Agriculture has come up with a short-term credit scheme for farmers who require funds to complete pending agricultural activities. All primary cooperative credit societies and the Kerala Gramin Bank will extend the loan support. The scheme is likely to be introduced by next week.

Govt empowering farmers through Sub-Mission on Agricultural Mechanization

12-Jun-2021 - 0 Comments.

To empower the farmers through Sub-Mission on Agricultural Mechanization (SMAM) scheme, central government has released funds for various activities of Farm Mechanization like Establishment of Custom Hiring Centres, Farm Machinery Bank, High-tech Hubs and distribution of various agricultural machinery etc to different states.

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 startup Freshokartz raises USD 1.4 Million in pre-series round

30-Oct-2020 - 0 Comments.

Freshokartz Agri Products Pvt. Limited, a premier Agri-tech startup has received USD $1.4 Million (INR 10 Crore) pre-series A funding from Rajasthan Venture Capital Fund (RVCF) and AWE (Achieving Women Equity) Funds to finance its rapid technology rollout while scaling its operations as a provider of premier technology-enabled omnichannel supply chain optimizing solutions along with agronomy advisory and output linkages.

NCDC sanctions INR 19444 Cr for MSP operations support to States during Kharif season 2020-21

28-Sep-2020 - 0 Comments.

National Cooperative Development Corporation (NCDC), the apex financing organization of the agriculture ministry has sanctioned as the first installment, funds amounting to INR 19444 crores to the states of Chhattisgarh, Haryana, and Telangana for Kharif paddy procurement under Minimum Support Price (MSP) operations.

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).

Intello Labs raises $5.9M to digitize quality in fresh produce

19-May-2020 - 0 Comments.

Intello Labs has announced that it has raised a INR 45 crore (USD $5.9 million) in a Series A round led by Saama Capital, alongside global agritech funds GROW, SVG Ventures THRIVE

India utilizes only half of the allocated funds for fisheries

08-Jan-2019 - 0 Comments.

Though the government is focusing on enhancing production in the fisheries sector, the ministry data released by the government reveals that only half of the money allotted for the sector have been spent till January 2019

CLFMA lauds agri infra focused 2018-19 budget announcement

05-Feb-2018 - 0 Comments.

CLFMA of India, the apex association representing the animal protein sector in India commends the government’s initiative to set up infrastructure funds for agriculture, animal husbandry and fisheries

Farm equipment market to touch $12 BN by 2025, says FarMart CEO

14-Dec-2016 - 0 Comments.

At the time when the government has infused more interest & funds on mechanized farming, Agriculture Times spoke to newest entrant in farm equipment rental business, farMart co-founder & CEO, Alekh Sanghera on the factors that are driving growth and why he believes that the farm equipment rental business will touch $12 billion by 2025.