Full-stack gardening startup Fasal raises 100 cr in Series A round.

Complete horticulture startup Fasal has raised ₹100 billion in a Series A funding round led by TDK Ventures and British International Investment (BII), a UK-based development finance institution and impact investor, with contributions from ITI’s Growth Opportunities Fund. Navam Capital and Aureolis Ventures. All existing investors including 3one4 Capital, Omnivore, Wavemaker Partners, Genting Ventures, and The Yield Labs Asia Pacific also participated in the round. According to the startup, the funding round gives the company additional ammunition to transform the $228 billion Indian horticulture industry, where its end-to-end platform is anchored on proprietary Internet of Things (IoT) agricultural intelligence technology and expand to Southeast Asia. 

After commercializing the technology, it claims to have worked with horticulturists on more than 75,000 hectares growing crops such as grapes, pomegranates, bananas, apples, chilies, cardamom, etc., enabling them to grow and thrive. proprietary IoT agricultural intelligence technology. In addition, it has gone deeper into the value chain, building technology to accurately predict harvest time, yield, and initial quality, and using that intelligence to bring these sustainably grown, traceable, and quality products to consumers, its B2B brand. Shailendra Tiwari, Founder/CEO of Fasal, said: “We are delighted to welcome our new investors to the Fasal family, with TDK Ventures and British International Investments (BII) leading this round. Their participation greatly enhances the depth of innovation. With this capital investment, we intend to expand its presence from 75,000 acres to 500,000 acres and enable the technology to be more accessible to us.

 Added that farmers will provide them with sustainable crops, crop insurance, and working capital at a lower interest rate”. Funding to enable our unique farm IoT-Crop smart technology and design around the agricultural landscape. We are designing a behavioral change from data, where every byte has an impact on shaping the future of agriculture”, explains Ananda Verma, founder of Fasal. Founded in 2018, Fasal is a pioneer in precision horticulture, using artificial intelligence, AgroSciences, and IOT to deliver farm-level, crop-specific, and crop-specific intelligence to optimize resources (water, pesticides, and more) and improve farms, productivity while providing high-quality, traceable products to create an end-to-end optimized value chain. BII CEO and Head of Asia Srini Nagarajan, emphasizing the critical role of climate-smart solutions in horticulture’s ability to combat the adverse effects of climate change, added: “Providing climate finance is a core part of our strategy in India and India. Southeast Asia. By supporting the company’s development of climate-smart solutions, we will reach more smallholders.

Leave a Reply

Your email address will not be published. Required fields are marked *