Equity Fundraise for Agritech Startup : Drone based farm mapping and sensing

By Sapna
Posted On: 21 / Sep / 2022
0 637

Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Agriculture
Charge

Deal Status

Active

Deal Description

1. Industry Sector : Agritech Supply chain based out of New Delhi

2. Breif Description : Company empowers Indian agriculture industry with an extraordinary in-depth understanding of land and crops by using unique UAV/drone based hyperspectral Remote Sensing and artificial intelligence. They transform data from the cameras into actionable informational which makes techniques like precision agriculture, Integrated Pest Management and Contract farming real and viable. Vertically integrated Agri-tech company focused on enabling farmers to grow profitably using Decision Support System (DSS) based on Hyperspectral Imaging technology for a sustainable & safe food supply chain.

3. ASK : $1.5M for Pre - Series A

4. Utilization of Funds: -
-Scaling Sales : 25%
- Advancing Product Dev and R&D : 15%
- Building Team Strength 25%

-Opex 35%

5. Current Monthly Revenue : Rs. 20 Lakh 

6. Market Size in India : Rs 300Bn +

Attached Files

icon Drone Sensing pdf

Deal Value
10 Crore
Targeted Region
Asia Pacific

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
5 Crore