Indian agriculture-based startup cropin has raised Rs 113 cr($14 million ) in its funding round from google, Japanese conglomerate Jsr corp, and the existing investors ABC impact and Chiratae Ventures
The funds generated by the company as a part of its D series funding will be utilized by the company to expand its intelligent agriculture cloud platform Cropin cloud to serve the growing demand of digitization and intelligence in the global agriculture sector
Krishna kumar, the co-founder and CEO of Cropin conveyed that “By making farms and harvests traceable, predictable, and sustainable, Cropin aims to transform how food is grown. We are excited to partner with global technology innovators like Google, which further validates our capabilities and solidifies our position as a leader in the digitalization of global agriculture,” he further added.
“We are excited to partner with global technology innovators such as Google, which further validates our capabilities and solidifies our position as a leader in the digitalization of agriculture.
The involvement of new strategic investors like Google and JSR Corporation, and the support of our existing investors, demonstrate confidence in our mission and impact,
Launched in 2022, Cropin Cloud is a digital transformation and agriculture platform. Cropin plans to use this funding to further invest in its go-to-market efforts and expand the capabilities of Cropin Cloud, including the development of next-generation predictive intelligence solutions with Cropin AI Labs. In addition, the company plans to expand its presence in new geographies and industries, promote sustainable agricultural practices, and focus on developing solutions that address global food security challenges.
As per sudhir Sethi founder and chairman of chiratae Ventures India advisors, Cropin have the ability to world’s largest agritech company with its cloud-based SaaS business model
Sugandhi Matta, Chief Impact Officer at ABC Impact states that they are pleased that Croppin’s efforts to solve the world’s food problem through technology continue to gain momentum. Our continued support with our new investors underscores the commitment and dedication of the Cropin team to deliver impressive results.
To bring predictive intelligence to every acre of agricultural land is the ultimate goal of Crop In AI labs
The Benguluru-based startup have raised $45 million in funding as of now and is expected to break even in 18-24 months
Cropin has partnered with over 250 B2B clients and has digitized 16 million acres of farmland, benefiting over 7 million farmers.
The Cropin Cloud intelligence platform has already provided forecast information for more than 200 million acres of farmland worldwide.
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