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Agritech Startup Farmtheory Raises Seed Capital To Reduce Food Waste, Boost Farm Yields

Inc42 · 1y ago

Agritech Startup Farmtheory Raises Seed Capital To Reduce Food Waste, Boost Farm Yields

Bengaluru-based agritech startup Farmtheory has raised $1.45 million in seed funding from Merak Ventures. The company plans to use the funds to scale up its operations, with a focus on expanding its supply arm, improving its technological infrastructure, and strengthening its supply chain. Farmtheory aims to reduce food waste by redirecting unsold produce, which it refers to as 'freeform', to new markets instead of letting it go to waste. The startup currently works with over 3,000 partner farmers and has served more than 1,500 kitchens. The Indian agritech sector is projected to be worth $24 billion by 2025.

Related News

Merak Invests in a B2B agri food start-up Farmtheory

OutlookIndia

OutlookIndia · 1y ago

Merak Invests in a B2B agri food start-up Farmtheory

Merak Ventures, a venture capital firm, has invested $1.45 million in Farmtheory, an agri-food start-up focused on reducing food waste and improving farm yields. Farmtheory collects unsold produce that doesn't meet cosmetic standards and supplies it to various buyers, such as cloud kitchens and restaurants. With the funding, Farmtheory plans to expand its supply arm, enhance its technological infrastructure, and reach out to more farmers. The Indian food processing industry, in which Farmtheory operates, has a significant share in the country's total food market.

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.

B2B agri-food startup Farmtheory raises $1.45M in a funding round led by Merak Ventures

IndianStartupNews

IndianStartupNews · 1y ago

B2B agri-food startup Farmtheory raises $1.45M in a funding round led by Merak Ventures

Farmtheory, a B2B agri-food startup, has secured $1.45 million in a funding round led by Merak Ventures. The funds will be used to expand its operations, improve its technology infrastructure, and strengthen its supply chain. Farmtheory focuses on reducing food waste by procuring "freeform" produce directly from farmers and supplying it to businesses. The startup claims to have partnered with 3,000 farmers and served over 1,500 kitchens, contributing to sustainability in the agri-food sector.

Agritech startup Arya Ag raises $29 million from Blue Earth Capital

Economic Times

Economic Times · 1y ago

Agritech startup Arya Ag raises $29 million from Blue Earth Capital

Indian agritech startup Arya Ag has secured $29m in a funding round led by Blue Earth Capital. The funds will be used to enhance market share and profitability, as well as forge partnerships to improve farming practices and reduce food waste. Arya Ag operates as an integrated grain commerce platform, operating across 60% of Indian districts with 11,000 warehouses. The start-up claims to aggregate and store $3bn worth of grain annually and has disbursed more than $1.5bn in loans to smallholder farmers.

Merak Invests in a B2B agri food start-up Farmtheory

OutlookIndia

OutlookIndia · 1y ago

Merak Invests in a B2B agri food start-up Farmtheory

Merak Ventures, a venture capital firm, has invested $1.45 million in Farmtheory, a Bangalore-based agri-food start-up. Farmtheory collects unsold farm produce that is discarded due to cosmetic standards and supplies it to buyers like cloud kitchens and food processors. The start-up plans to use the funding to expand its supply arm and technological infrastructure, as well as reach out to more farmers. India has the world's largest area planted for crops like wheat and rice, making agriculture a significant part of the country's economy. The Indian food processing industry is also one of the largest and fastest-growing industries in the country.

Agritech startup Fasal raises Rs. 100 Cr in funding led by TDK Ventures, British International Investment

Economic Times

Economic Times · 1y ago

Agritech startup Fasal raises Rs. 100 Cr in funding led by TDK Ventures, British International Investment

Agritech startup Fasal has raised $12 million in a funding round led by TDK Ventures and British International Investment. The Bengaluru-based company provides Internet-of-Things-crop intelligence technology to horticulture farmers, helping them reduce water consumption, pesticide usage, and greenhouse gas emissions while increasing yields. Fasal plans to expand its presence to 500,000 acres and offer additional services like crop insurance and working capital to farmers. The startup has also launched a B2B marketplace, Fasal Fresh, to connect farmers directly with consumers.

RecommerceX raises $3.6 million in round led by Accel, Kae Capital

Economic Times

Economic Times · 11m ago

RecommerceX raises $3.6 million in round led by Accel, Kae Capital

RecommerceX, a chemical recycling and sustainability startup, has secured $3.6 million in funding to support its expansion plans. Led by venture capital firms Accel and Kae Capital, the funding round will be used to grow the team, develop technology, invest in R&D, and scale operations in India and international markets. RecommerceX focuses on processing industrial waste to extract valuable materials for use as raw materials. The startup aims to become a leading player in waste recovery, targeting industries seeking to reduce their dependency on raw materials and promote responsible resource management.

Wadhwani AI Receives $3.3 Million Grant from Google to Expand Cotton Ace App for Crop Safeguarding

Business Bytes

Business Bytes · 1y ago

Wadhwani AI Receives $3.3 Million Grant from Google to Expand Cotton Ace App for Crop Safeguarding

Wadhwani AI, a leading artificial intelligence organization, has received a $3.3 million grant from Google. The funding, part of Google's AI for the Global Goals challenge, will support the expansion of Wadhwani AI's Cotton Ace app. The app plays a crucial role in safeguarding India's staple food crops. By utilizing AI, data analytics, and technology, the app provides insights and recommendations to enhance crop yields, reduce waste, and address food production challenges. This initiative aligns with the United Nations Sustainable Development Global Goals, particularly zero hunger and responsible consumption.

Farmtheory, two others raise early-stage funding

VCCircle

VCCircle · 1y ago

Farmtheory, two others raise early-stage funding

Agri-food startup Farmtheory, AI-based startup Reo.Dev, and influencer marketing platform Flytant have all secured early-stage funding. Farmtheory has raised $1.45 million to expand its supply arm and improve its technological infrastructure. Reo.Dev raised $1.2 million to help go-to-market teams accelerate sales using AI. Flytant secured an undisclosed amount to expand its presence overseas and develop its technology stack. These funding rounds aim to support the growth and development of these startups in their respective industries.

From eggs on demand to new dishes from leftovers: Google targets zero food waste

Livemint

Livemint · 1y ago

From eggs on demand to new dishes from leftovers: Google targets zero food waste

Google is taking measures to reduce food waste and cut costs in its corporate cafeterias. These changes include offering smaller milk containers, cooking eggs on the spot, and using leftovers to create new dishes. Google aims to cut waste per employee by half and send zero food waste to landfills by 2025. The company has already diverted 85% of waste by the end of 2022 and is seeing progress towards its goals. These efforts offer insights for other foodservice companies looking to reduce their carbon footprints and save costs.

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