Agri-tech start-up Cropin has raised Rs 1,13 bln (about $13.7 million) in its Series D round, from new investors Google and JSR Corporation as well as existing ones ABC Impact and Chiratae Ventures. The funds will help expand Cropin Cloud, which the company launched in September 2022 to unify its software and apps that cater to a growing demand for digitisation and predictive intelligence in the global agriculture sector.
The Bengaluru-based business-to-business (B2B) start-up has so far serviced more than 250 customers and said it had digitised 16 million acres of farmland, benefiting over seven million farmers. The latest funding is expected to help Cropin further invest in its go-to-market (GTM) efforts spread across its business in 92 countries.
Cropin closed its Series C funding round with a $20 million investment in 2021. It has raised $47 million overall so far. Combined with the current bridge funding, the company plans to raise $50-$70 million through 2023.
Source: economictimes.indiatimes.com
