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KSKT Bags $1.3 Million to Scale Its Farm-to-Kitchen Revolution

StartupTalky

StartupTalky · 2m ago

KSKT Bags $1.3 Million to Scale Its Farm-to-Kitchen Revolution

Kisaan Se Kitchen Tak (KSKT), an Indian agri-commerce startup, has raised $1.3 million in equity and debt to expand its operations and empower over 5,000 farmers. The funding round, led by Keiretsu Forum and Favcy’s 1stCheque Angel Network, will help KSKT enhance its tech-powered supply chain and scale operations to more cities. KSKT aims to onboard 50,000 farmers and implement AI for demand forecasting, targeting significant revenue growth in the coming years.

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KSKT raises $1.3 Mn in equity and debt round

Entrackr

Entrackr · 2m ago

KSKT raises $1.3 Mn in equity and debt round

Kisaan Se Kitchen Tak (KSKT), an agri-commerce startup, has raised $1.3 million in a funding round led by Keiretsu Forum and Favcy’s 1stCheque Angel Network. The round includes a mix of equity and debt. The new capital will support expansion into over 20 cities, increase farmer onboarding to more than 50,000, and implement AI-based demand forecasting tools. Founded by Santosh Srivastava and Ishaan Hukku, KSKT runs a supply chain platform that connects over 5,000 farmers with over 32,000 customers, offering farm-fresh produce and essentials through B2B and B2C channels. The firm claims to have reported Rs 14.5 crore in revenue for FY25 and a 4X year-on-year growth. KSKT is aiming for Rs 100 crore in annual recurring revenue within three years. The startup is part of Favcy’s 1to10 Accelerator, a program focused on supporting revenue-generating startups from tier II and tier III cities. KSKT was selected for its early revenue and operational performance. KSKT reports a 68% repeat usage rate and 3% wastage, and plans to use the funding to strengthen its tech stack and expand reach.

Ghost Kitchens Bags $5 Mn To Help Restaurants Boost Revenue

Inc42 · 1y ago

Ghost Kitchens Bags $5 Mn To Help Restaurants Boost Revenue

Ghost Kitchens India, a cloud kitchen startup, has raised $5 million in its Series A funding round. The funding was led by GVFL, with participation from NB Ventures, LetsVenture, and Lead Angels. The company plans to use the funds to scale its operations and expand into retail stores for its existing and new brands. Ghost Kitchens India currently operates over 15 cloud kitchens and 1,200 partner restaurants across 40 cities in India. The startup aims to achieve annual revenue of INR 200 crore in the next two years.

Cloud Kitchen startup Kitchens@ Bags $65 Mn to streamline its dining biz

Inc42 · 1y ago

Cloud Kitchen startup Kitchens@ Bags $65 Mn to streamline its dining biz

Indian cloud kitchen startup Kitchens@ has raised $65 million in a Series C funding round led by UK-based investment firm Finnest. The funds will be used to expand the company's hybrid model, Dinerium, which offers a blend of casual dining and brand indulgence. Kitchens@ recently acquired Swiggy Access Kitchen, expanding to six major cities and 45 locations with a network of 700 kitchens. The startup had previously raised $16.2 million in its Series B round and an additional $2.6 million in venture debt.

Ghost Kitchens acquires Ahmedabad-based Shy Tiger Brands

Economic Times

Economic Times · 1y ago

Ghost Kitchens acquires Ahmedabad-based Shy Tiger Brands

Ghost Kitchens, a cloud kitchen startup, has acquired Ahmedabad-based cloud kitchen firm Shy Tiger Brands as part of its expansion strategy in Gujarat. Shy Tiger operates five multi-brand cloud kitchens in Ahmedabad and has an annualized revenue run rate of Rs 5 crore. By acquiring Shy Tiger, Ghost Kitchens aims to scale the acquired brands and expand its presence in Ahmedabad and the Gujarat market. Ghost Kitchens previously raised $5 million in funding and has made other acquisitions, including gourmet cloud kitchen Speak Burgers. The company plans to expand its business and revenues over the coming years.

Agritech startup DeHaat posts 40% rise in FY24 operating revenue, halves loss

Economic Times

Economic Times · 1y ago

Agritech startup DeHaat posts 40% rise in FY24 operating revenue, halves loss

Indian agritech startup DeHaat has achieved a 40% increase in operating revenue, reaching INR 2,700 crore ($358 million) in FY24, while reducing its losses by half. The company attributes its growth to operational efficiency and a focus on high-margin businesses, such as exporting sustainable farm produce and selling biological agricultural inputs. DeHaat aims to achieve profitability for the full fiscal year in FY25. Additionally, the startup has launched its first-ever employee stock ownership plan (ESOP) buyback program worth INR 10 crore ($1.3 million). Founded in 2012, DeHaat provides farmers with market access, quality inputs, and agricultural advice.

D2C Snacks Brand Adukale Bags Funding To Scale Offline Outlets

Inc42 · 1y ago

D2C snacks brand Adukale has secured INR 11 crore ($1.3 million) in a pre-Series A funding round led by Force Ventures. The company plans to use the funds to invest in manufacturing, R&D, and expand its physical outlets and distribution network. Founded in 2009, Adukale sells namkeens, blended spices, and instant food items both online and through its physical stores. The Indian snacking market is projected to reach INR 95,521 crore by 2032, creating opportunities for new players in the sector.

MapMyCrop bags $1.8 Mn in seed round

Entrackr

Entrackr · 5m ago

MapMyCrop bags $1.8 Mn in seed round

MapMyCrop bags $1.8 Mn in seed round Farm management software MapMyCrop has raised $1.8 million in a seed funding round led by YourNest Venture Capital along with participation from other angel investors, including Eaglewings Ventures. The funding comes as part of the YourNest-SanchiConnect Velocity Program 2024. The startup had previously raised an undisclosed amount in the same round from Startup Wise Guys and others. The proceeds will be used to expand operations, close pilot orders, strengthen the sales & operations team, and advance the platform’s technology, MapMyCrop said in a press release. Launched in 2021 by Swapnil Jadhav and Rajesh Shirole, MapMyCrop is a first 360-degree imagery agro suite, centralising critical agricultural data into a single, user-friendly platform. The platform aims to make precision farming accessible to farmers of all scales. It combines satellite imagery, IoT, and AI-driven insights to help farmers and enterprises monitor, predict, and optimise crop health with unmatched precision. MapMyCrop states that it currently supports over 4.7 million farmers globally and collaborates with organisations such as the US FDA on crop monitoring and sustainability initiatives. It is also planning to launch new solutions, including an AI-based farm credit score tool and a dedicated forest monitoring system. MapMyCrop aspires to penetrate emerging markets in Africa, Latin America, and Southeast Asia while deepening its presence in the US and Europe. The company is also working on localised solutions for different regions, addressing specific agricultural challenges with tailored AI-driven insights. According to market research, the agritech market is estimated to reach $45 billion globally by 2028. MapMyCrop claims to be a first complete 360-degree imagery agro suite, which includes five suites: onboarding, crop monitoring, detection, prediction, and sustainable agriculture add-ons. Its onboarding suite offers automated crop field boundary delineation, crop type detection, and a historical data repository for easy land use comparison.

DeHaat acquires farm advisory platform AgriCentral

Economic Times

Economic Times · 6m ago

DeHaat acquires farm advisory platform AgriCentral

DeHaat, an agritech startup, has acquired farm advisory platform AgriCentral from Olam Agri in an all-cash deal. AgriCentral, serving over 10 million farmers, enhances DeHaat's digital services and farmer reach. The acquisition marks DeHaat's seventh, following purchases like Vezamart and Helicrofter. DeHaat, backed by Temasek, operates in 12 Indian states, serving around 3 million farmers. The company anticipates continued growth and aims for profitability in Q4, driven by its expanding business scale and value-added services.

Elevate Foods raises $525K in a pre-seed round led by Singapore's Wavemaker Impact

IndianStartupNews

IndianStartupNews · 1y ago

Elevate Foods raises $525K in a pre-seed round led by Singapore's Wavemaker Impact

Elevate Foods, a startup focused on supporting Indian farm-gate processors in accessing global markets, has raised $525,000 in a pre-seed funding round. The funding round was led by climate-focused investors Wavemaker Impact. Elevate Foods aims to empower small-scale farm-gate processors in India to bring their produce to the world while fostering a more sustainable and resilient food ecosystem. The startup's innovative approach focuses on promoting farm-gate food processing to reduce waste and meet quality standards for international markets. This investment marks a significant step towards achieving their mission.

Financial services startup Kaleidofin bags $14 mn in fresh round

VCCircle

VCCircle · 10m ago

Financial services startup Kaleidofin bags $14 mn in fresh round

Chennai-based financial services startup Kaleidofin has raised $13.8 million in an equity round, led by Rabo Partnerships B.V. The company is also expecting an additional $10 million in funding for the current financial year. The investment will be used to scale its lending portfolio and expand credit scoring and risk services through partnerships. Kaleidofin aims to provide financial solutions for low-income customers in the informal economy by combining credit health assessment, middleware rails, and risk management dashboards. It has raised $37 million since its establishment in 2017.

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