Telangana govt signs MoU with Wingsure

Govt of Telangana has tied up with Wingsure, an insurtech venture spin-out of SRI International (formerly Stanford Research Institute) that leverages artificial intelligence and deep technology to protect farmers worldwide. As a part of the agreement, Wingsure will provide deep-tech-based personalised crop insuran...Read more

Startup BharatAgri raises $6.5 M in Series A funding

Digital farm advisory startup BharatAgri has raised $6.5 million in a Series A round led by Omnivore, with participation from existing investors India Quotient and 021 Capital. BharatAgri offers farmers an app-based platform for AI-based agronomy services on a paid subscription basis, which increases farm incomes ...Read more

Andes raises $15 M in Series A funding co-led by Leaps by Bayer, Cavallo Ventures

Leaps by Bayer, the impact investment arm of Bayer, announced that it has co-led a $15 million Series A investment round in agriculture and biotechnology innovator, Andes, with Cavallo Ventures. Other new investors Builders VC, Germin8, Accelr8 and Wilson Sonsini participated, alongside existing investors KdT Vent...Read more

Escorts, IndusInd Bank MoU to provide agri finance solutions

Escorts (Agri Machinery) reinforces its relationship with IndusInd Bank with a formal Memorandum of Understanding that will pave the way for both companies to provide one of the best financial offerings to its customers.   Escorts and IndusInd Bank will work together closely in understanding the financial n...Read more

Agri financing in fintech era

Agricultural credit solves one of these three needs: cash flows necessary for seasonal inputs; credit necessary for investments in assets and technology and refinancing high-cost debts.    Banks provided agriculture credit worth $168 billion in FY18-19. But 50 per cent of this credit went only to mediu...Read more

Indigo pays farmers in milestone progress for first ever scalable Ag carbon farming prog

Indigo, a company leveraging nature and technology to unlock economic and environmental progress in agriculture, announced the disbursement of initial payments to the inaugural cohort of Carbon by Indigo participants. The 267 paid growers are the first to implement on-farm practice changes and provide the data req...Read more

Amazon, The Nature Conservancy launch Agroforestry and Restoration Accelerator

Amazon has announced the launch of Agroforestry and Restoration Accelerator in partnership with The Nature Conservancy, a global environmental organisation. The Accelerator will create a more sustainable source of income for thousands of local farmers in the Brazilian Amazonian state of Pará, while also res...Read more

Nigeria's Agricorp International raises $17.5 m in Series A funding

Nigeria-based spices producing, processing, and exporting company Agricorp International has raised $17.5 million in Series A funding to increase its processing capacity up to 7000 metric tonnes. This fund was raised from Vami Nigeria, One Capital and AFEX. Nigerian-based Vami led the funding round with $11.5 mill...Read more

Mahindra sells 19997 tractors in domestic market in Aug 2021

Mahindra & Mahindra's Farm Equipment Sector (FES), part of the Mahindra Group, announced its tractor sales numbers for August 2021. The domestic sales in August 2021 were at 19997 units, as against 23503 units during August 2020. The total tractor sales (Domestic + Exports) during August 2021 were at 21360 uni...Read more

Syngenta Group posts sales of $7.4 Bn in Q2

Syngenta Group recently reported strong financial results for the second quarter and the first half ended June 30, 2021. Group sales in the second quarter were $7.4 billion, up 28 per cent versus Q2 2020 (+25 per cent at CER). EBITDA increased in the second quarter 25 per cent (+38 per cent at CER) to $1.2 billion...Read more

Samunnati with Dvara E-Registry to provide services to farmers, FPOs

Dvara E-Registry has partnered with agri value chain solutions provider Samunnati Financial Intermediation and Services. Samunnati and Dvara E-Registry will jointly leverage both the organisations’ reach, expertise and resources to provide an array of productive and profitable financial and technological ser...Read more

Agritech robotics startup TartanSense raises $5 M in Series A funding

Bengaluru-based Agritech robotics startup TartanSense has raised $5 million in Series A funding. The round was led by FMC Ventures and Omnivore, with participation from existing investor Blume Ventures. This brings the total funds raised by the company to $7 million, after raising a $2million Seed round in March 2...Read more