Agritech Startup Aibono Raises $2M In Pre-Series A Funding
Agritech startup Aibono has raised $2M in pre-Series A funding round from investors in Japan and Switzerland.
The funding round was led by Rebright Partners and Mitsui Sumitomo Insurance Venture Capital. Both are Japanese venture capital firms based out of Tokyo and Singapore, respectively.
The funding round also saw participation from Swiss impact investor Lesing Artha, a subsidiary of Rianta Capital (UK).
As per Aibono, it plans to use the funding to expand its connect with 2,000 additional farmers. The startup will also double the number of retailers who will buy the produce directly from Aibono.
Founded by Vivek Rajkumar in 2014, Aibono is a Bengaluru-based AgriTech Startup that uses data instruments, predictive analytics, and process improvements to help farmers improve yields.
Aibono claims to be India’s first AI-powered Fresh Food Aggregator, pioneering the Seed-to-plate platform, a next-generation disruption that synchronizes real-time production with real-time consumption of super perishable fruits & vegetables by using predictive analytics.
Talking about this funding round, Vivek Rajkumar, Founder and CEO of Aibono, said,
“With this round of funding, we will now invest to scale capacity and increase supply to our existing Kirana businesses, expanding to institutional retail, as well as making possible direct-to-home supply of super perishables via modern delivery platforms like Swiggy, Dunzo, and Amazon in the next phase of our growth. We are encouraged and excited that Investor attention is on full-stack solutions starting from seed up to the point of consumption of fresh perishables as high potential businesses.”
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