Agritech Startup Fasal has successfully secured $12 million in a Series-A funding round
Agritech innovator Fasal has raised an impressive $12 million in a Series-A funding round, signaling a promising future in precision farming and sustainable agriculture
Updated: January 6, 2024
Bangalore-based Fasal, a leading provider of comprehensive precision farming solutions, has successfully secured $12 million in a Series-A funding round. The funding comes from a diverse group of backers, including British International Investment, TDK Ventures, ITI Growth Opportunities Fund, Navam Capital, Aureolis Ventures, and existing investors such as 3one4 Capital, Omnivore, Wavemaker Partners, Genting Ventures, and The Yield Labs Asia Pacific.
Founded in 2018 by Shailendra Tiwari and Ananda Verma, Fasal has made significant strides in the B2B sector with its flagship brand, Fasal Fresh. This initiative focuses on sourcing sustainable, fully traceable, and high-quality produce from an extensive network of growers spanning over 75,000 acres of farmland. Fasal achieves this through its innovative IoT-crop intelligence technology, optimizing resources like water and pesticides for enhanced farm productivity.
As a pioneer in the agri-tech industry, Fasal leverages artificial intelligence, crop sciences, and IoT to provide crop-stage-specific intelligence. This approach enables farmers to optimize resources effectively and enhances overall farm productivity. The recent funding infusion positions Fasal for further expansion and diversification of its B2B brand, marking a significant milestone in the company's journey towards sustainable and intelligent agriculture.
Fasal's progressive vision and commitment to global agriculture have garnered attention from industry experts and stakeholders alike. As the company continues to make strides in precision farming, it remains dedicated to realizing a future where farmers worldwide can harness the benefits of actionable intelligence for enhanced productivity and sustainability.