startup Vegrow Funding

Another Funding In Agritech Sector, Startup Vegrow Raises $2.5 Million In Seed Funding

Bengaluru-based agritech startup Vegrow has raised $2.5 million in a seed funding round from Matrix Partners India and Ankur Capital.

The funding round also saw participation from Titan Capital, Better Capital, as well as angel investors including Sanjiv Rangrass – CEO of ITC Ltd Agri-Business Division, Amit Lakhotia (Founder of Park+), Rohit MA (Founder of Cloud 9), and Ramakant Sharma (Founder of Livsapce).

Started by 4 IItians, Mrudhukar Batchu, Praneeth Kumar, Shobhit Jain, and Kiran Naik, Vegrow is a Bengaluru-based agritech platform.

Vegrow helps farmers in increasing land utilization and helps them by providing personalized crop recommendations, access to quality inputs, and selling their harvest to the right set of buyers.

Talking about the vision of Vegrow, Shobhit Jain, Co-founder of Vegrow, said,

“From the humble beginning of farming ourselves, we now see a vision of becoming the world’s largest farmer. We are partnering with farmers and building value chains for identified commodities. We are investing in farm tech and supply chain tech to help us realize a higher value for our farmers. All of this is rallied around a single point agenda which is to build and serve India’s largest farmer community.”

(Image Source: Shutterstock)

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