Bengaluru-based agritech startup CropIn has raised an undisclosed amount of Pre-Series A funding from Singapore-based Beenext.
Exiting investors Ankur Capital, Boston-based organisation Invested Development also participated in the round. With this round of funding the total funds raised by the startup has increased to about $4 Mn. Last year, the startup had raised $2 Mn from Denmark based Sophia Investment.
CropIn was founded in 2010 by Krishna Kumar. It integrates the agricultural sector with Information and Communication Technology (ICT) by putting a network of ERP and BI (Business Intelligence) across rural India. By doing so it collaborates with the different value chain participants along the supply chain to monitor farm produce status closely.
CropIn provides farm businesses a farm management software and mobile app, which enables them to do connected and data-driven farming. It allows farm businesses to take advantage of real-time data and insight from farms (an accurate view of their operation throughout the growing season) and to improve financial, operational, and agronomy aspects.
Talking about the funding, Krishna Kumar, CEO of CropIn said, “With this fundraise we are funding our investments in technology, data science and predictive technologies to detect and predict crops in different regions.”
The startup is currently present in 12 countries with a customer base of 120 clients. The startup claims to have digitised about 2.1 Mn acres of land. The 90 people team is currently focused to further expand the business in Southeast Asia and African countries.