April 15, 2021

Nabventures, Omnivore spend money on soil-tech platform Krishitantra

Krishitantra, a soil-tech platform, has raised $1 million (Rs 7.6 crore) in its seed spherical of funding from agritech-focused enterprise capital investor Omnivore and Nabventures.

Nabventures is anchored by Nabard (Nationwide Financial institution for Agriculture and Rural Improvement). It has different buyers as properly. The startup will primarily use the funding to gasoline its native and international growth.

“We plan to make use of the funding to develop our operations throughout India, reaching lakhs of farmers and serving to them realise elevated profitability and sustainability through improved soil well being,” mentioned Sandeep Kondaji, co-founder & CEO of Krishitantra. The startup additionally plans to enter choose southeast Asian international locations within the close to future.

Hyderabad based mostly Krishitantra was co-founded in 2017 by Sandeep Kondaji, Vishnuprasada Bhat, and Anand Bellan Raman. The startup supplies speedy IoT-based soil testing and soil diet advisory options to farmers, Farmer Producer Organizations (FPOs), and agribusiness stakeholders. It goals to optimize fertilizer software for farmers, growing crop yields, decreasing the price of cultivation, and bettering soil well being.

Nabventures will help Krishitantra speed up the unfold of its soil testing expertise by connecting them with their community of FPOs and leveraging Nabard’s pan-India presence, mentioned the fund’s VP Gills John.

In keeping with Omnivore principal Abhilash Sethi: “Indian farmers are at the moment unable to precisely take a look at their soil and in consequence, fail to make use of fertilizers in an optimum method. Omnivore is investing in Krishitantra to democratize precision soil testing and soil diet advisory for farmers throughout India.”