Innoterra Acquires Agritech Fasal’s Fresh Food Distribution Biz

SUMMARY

The acquisition will enable Innoterra’s B2B ecommerce platform Farmlink to boost supply chain, expand its distribution footprint and diversify into non-perishable goods space

There was no clarity on the financial contours of the deal

Founded in 2018, Fasal leverages its proprietary AI and IoT stack to help farmers achieve better productivity and yields

Homegrown agritech platform Fasal’s fresh food distribution business has been acquired by Swiss-Indian agritech platform Innoterra for an undisclosed amount. Fasal

The acquisition will enable Innoterra’s B2B ecommerce platform Farmlink to boost supply chain and expand its distribution footprint across the country, especially in cities such as Bengaluru and Chandigarh. Agritech2018BengaluruAnanda Verma +4$17.6 MnAgritech2018BengaluruAnanda Verma +4$17.6 Mn