Agritech Startup Gramophone Raises USD 3.4 Million From Investors
Agri-tech startup Gramophone on Tuesday said it has raised Rs 25 crore from speculators, including Siana Capital. The funds thus raised will be utilized for client securing and to fortify its foundation.
The Indore-based firm assertively claimed that it has raised USD 3.4 million driven by Siana Capital.Data Edge , Asha Impact ,Better Capital along with existing investors also took part in the round. With this financing, Gramophone has raised Rs 55 crore up until now.
Fouded in 2016 by IIT and IIM Ahmedabad graduates Tauseef Ahmad Khan, Nishant Vats Mahatre, Harshit Gupta and Ashish Rajan Singh, Gramophone professes to assemble a smart cultivation platform, which has empowered in excess of 550,000 Indian farmers to build their pay based on improved cultivating rehearses.
The startup goes about as a specialist and a drug store to farmers and cultivators, accessing a wide range of inputs including seeds, manure, supplements, pesticides, and cultivation hardware.
Cultivators pick up to 20 percent money saving advantage on Gramophone's' inputs commercial center and improve yields up to 40 percent through their warning, the organization guaranteed.
