Agritech Startup ‘qZense Labs’ Raises Rs 4.5 crore In Seed Funding
qZense Labs, an Agritech startup, has raised Rs 4.5 crore in a seed funding round led by Venture Catalysts.
Investors like Manish Modi – MD, Mastermind Capital, and Vedant Loyalka – Chairman, Curae Health, were also part of this funding round. Other investors in this round also included 9Unicorns, The Chennai Angels, Entrepreneur First, and Lumis Partners.
The startup plans to use the funds to bolster their expansion plans by scaling the team and accelerating their marketing endeavours.
Started by Rubal Chib and Dr Srishti Batra in 2019, qZense Labs provides an end-to-end IoT-based solution for quality assessment and fresh food management.
As per the startup, it provides a non-destructive and accurate qualitative grading of fresh foods across the supply chain to food businesses and retailers.
Talking about the investment, Apoorv Ranjan Sharma, Co-founder & President of Venture Catalysts & 9Unicorns, said,
“The digital boom has undeniably put the Indian agritech industry on the map. The space is witnessing new developments every day, each innovation addressing specific pain points in the sector. One such pain point is managing the quality of fresh produce and minimizing its wastage. qZense is aiming to address and resolve this pertinent issue by leveraging the power of digital technology.”
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