Cropin Technologies, an agritech company with headquarters in Bengaluru, has secured $13.7 million from a variety of new and existing investors. The business will use the new funding largely to develop its newly released intelligent agricultural cloud platform. The business has now raised a total of $46 million in equity capital since the most recent injection. Data-driven farming is made possible by Cropin’s farm management software and apps, which link the many agri-ecosystem players. They offer users real-time data and insights to enhance agriculture’s financial and operational elements. The company asserts that it has collaborated with more than 250 business-to-business (B2B) clients and that through digitizing 16 million acres of agriculture, over 7 million farmers have benefited.
The business’s prior sponsors, ABC World Asia and Chiratae Ventures, as well as technology behemoth Google and precision tech startup JSR Corporation, participated as new investors in this round. In order to meet the rising need for digitalization and predictive intelligence in the global agriculture industry, the business will use the new injection largely to extend its recently announced intelligent agriculture cloud platform. Cropin will be able to increase its footprint in new areas and sectors with the aid of money.
“Cropin has been committed to enhancing the intelligence of food production and optimizing value for all stakeholders in the agricultural ecosystem since its foundation in 2010. Cropin seeks to alter the way food is farmed by making farms and harvests traceable, predictable, and sustainable,” according to Krishna Kumar, co-founder, and CEO of Cropin.
The company asserts that it has collaborated with more than 250 business-to-business (B2B) clients and that through digitizing 16 million acres of agriculture, over 7 million farmers have benefited. It was noted that the Cropin Cloud is powered by a crop knowledge graph with over 500 crops and 10,000 crop variations in 92 countries.
In January 2021, ABC Impact Asia, a Temasek-controlled business, led the company’s last investment round in which it last secured $20 million.
Image provided by Cropin Technologies, Krishna Kumar, Kunal Prasad, and Chittaranjan Jena (from left to right)
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