Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

NewsBuzz

11,844.10187.05
Stock Analysis, IPO, Mutual Funds, Bonds & More

AgroStar raises Rs 188 crore in Series-C round

The company is also planning to strengthen its leadership team by bringing in top executives to lead various verticals like technology, data science and agriculture.

, ET Bureau|
Updated: Mar 13, 2019, 08.49 AM IST
0Comments
ThinkStock Photos
ThinkstockPhotos-520324211
AgroStar is a platform which uses farm and farmer-specific data to provide real-time solutions to reduce farmers’ cost of production and improve yields.
BENGALURU: Pune-based agro-tech startup AgroStar has raised $27million (Rs 188 cr) in Series C funds to scale up operations and strengthen its technology platform. The funding round was led by Bertelsmann India along with its existing investors Accel, Chirate Ventures and Aavishkar Bharat Fund.


“We intend to invest more in data science and strengthen our technology capabilities so that we can provide better real-time and relevant information to more farmers in the country,” said Shardul Sheth, CEO, AgroStar.

The company is also planning to strengthen its leadership team by bringing in top executives to lead various verticals like technology, data science and agriculture. “We have achieved more than a million downloads and wish to scale it up to 10 million beneficiaries within the next two to three years,” said Sheth.

AgroStar is a platform which uses farm and farmer-specific data to provide real-time solutions to reduce farmers’ cost of production and improve yields. Active in Maharashtra, Gujarat and Rajasthan, the company now wants to scale up operations across more states. In 2016, it also won the ET Startup Awards in the ‘Social Enterprise’ category.
0Comments

Also Read

Accel, others invest $10 million in AgroStar

ET Startup Awards 2016: How AgroStar is making a profit while making a difference

AgroStar mops up Rs 24 crore from IDG Ventures, Aavishkaar Venture Management

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for Live Elections News & Results, Latest News in Business, Share Market & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service