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Harvested Robotics raises seed round from Arali Ventures, Anand Mahindra, others

EntrackrEntrackr · 4m ago
Harvested Robotics raises seed round from Arali Ventures, Anand Mahindra, others
Medial

Harvested Robotics, an AI-driven laser weeding technology startup for tractors, has raised Rs 5 crore in a seed funding round led by Arali Ventures. The round also witnessed participation from Mahindra Group chairman Anand Mahindra and Country Delight co-founder Chakradhar Gade. Harvested Robotics has raised a total of $21.8K over two funding rounds, with the latest round being a grant of $12K from Kerala Startup Mission in June 2024. The proceeds will be used for product development, building the team, and conducting pilots, Harvested Robotics said in a press release. Co-founded in 2023 by Rahul Arepaka and George Mathew, Harvested Robotics aims to provide farmers with a sustainable and a chemical-free alternative to traditional weed management. According to the Hyderabad-based company, its product is an AI-powered laser weeder that attaches to tractors. It uses cameras and AI models to detect weeds and robotic actuators with high-power lasers to burn them in real-time. The technology aspires to reduce costs for farmers, increase yields, and promote organic farming practices. It ensures precise weed removal without damaging crops. Harvested Robotics’s approach involves adaptable software and robotic hardware that can be attached to tractors and powered by them, offering a potentially affordable solution. The startup weeds out the hassles of high costs and labour those involved in current weed control methods.

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Niqo Robotics raises $13 Mn in Series B round to scale globally

EntrackrEntrackr · 1y ago
Niqo Robotics raises $13 Mn in Series B round to scale globally
Medial

Agritech robotics firm Niqo Robotics (formerly TartanSense) on Tuesday announced that it has raised $13 million in a Series B round led by Brida Innovation Ventures. The round also saw significant investments from new investor Fulcrum Global Capital and existing investor Omnivore. This brings Niqo’s total fundraising to $21 million including a $5 million in Series A round from FMC, Omnivore, and Blume Ventures in August 2021 and a $2 million Seed round in 2019. Entrackr exclusively reported about the deal on May 1. Niqo will expand to new markets and accelerate the commercial adoption of spot spray, globally, according to Jaisimha Rao, founder and CEO of the company. Niqo Robotics specializes in crafting compact agricultural robots empowered with AI-driven computer vision technology which claims to reduce costs and increase profitability. It uses a proprietary AI camera with deep learning models to identify and selectively spray on target plants, reducing chemical usage by up to 90%. In 2023-24, Niqo claims to commercialize over 90,000 acres of land and benefiting over 1,800 farmers. While the company is yet to disclose audited FY24 numbers, the nine-year-old firm’s Indian entity largely remained in pre-revenue stage with a revenue of only Rs 1.3 crore during FY23. At the same time, its losses surged 2X to Rs 9.8 crore. As of the latest tranche, Omnivore Partners was the largest external stakeholder in Niqo with 25.7% followed by Brida Innovation and Blume Ventures which commanded 18% and 10.7%, respectively. Check TheKredible for more details. It competes with Zenrobotics, SwarmFarm, and Ecorobotis, among others.

Exclusive: Niqo Robotics raises $9 Mn in a new round

EntrackrEntrackr · 1y ago
Exclusive: Niqo Robotics raises $9 Mn in a new round
Medial

Agritech robotics firm Niqo Robotics (formerly TartanSense) has raised Rs 74.7 crore or $9 million in a new round led by Brida Innovation Ventures. The fresh funding comes after a hiatus of three years for the Bengaluru-based company. The board of Niqo Robotics has passed a special resolution to issue 8,577 preference shares at a price of Rs 87,090 each to raise Rs 74.7 crore, its regulatory filing accessed from the Registrar of Companies shows. Bidra Innovation Ventures pumped in Rs 41.5 crore while exiting investor Omnivore Partners also subscribed to the round with Rs 33.2 crore. As per startup data intelligence platform TheKredible, the company has been valued at around Rs 290 crore or $35 million (post-money) Following the fresh proceeds, Omnivore Partners emerged as the largest external stakeholder with 25.7% followed by Brida Innovation and Blume Ventures which commanded 18% and 10.7%, respectively. Its sole founder Jaisimha Rao holds more than a quarter of the company. See TheKredible for the complete shareholding pattern. Founded in 2015 by Jaisimha Rao, Niqo Robotics specializes in crafting compact agricultural robots empowered with AI-driven computer vision technology which claims to reduce costs and increase profitability. The company announced its rebranding to Niqo Robotics in March last year. Niqo Robotics has raised $16 million to date including its $5 million in Series A round from FMC, Omnivore, and Blume Ventures in August 2021. The firm also scored a $2 million Seed round in 2019. While the company would disclose its FY24 numbers later this year, the nine-year-old firm’s Indian entity largely remained in pre-revenue stage with a revenue of only Rs 1.3 crore during FY23. At the same time, its losses spiked twofolds to Rs 9.8 crore in the fiscal year ending March 2023.

Plutos ONE raises $2 Mn in seed round led by StartupXseed

EntrackrEntrackr · 10m ago
Plutos ONE raises $2 Mn in seed round led by StartupXseed
Medial

Plutos ONE, a technical service provider (TSP) for the Bharat Bill Payments System (BBPS), has secured $2 million in a seed round led by StartupXseed. The round also witnessed participation from Genesia Ventures, Auxano Capital, Raghuvanshi Investments and other investors. The Delhi-based platform had previously raised an angel round from its existing investors and others like Aakash Chaudhry, Prabhjeet Singh, Neeraj Mohan, Gautam Kamath, Ravi Gosain, Harish Chandra, Chanakya VC, Sarcha Advisors and others. The fresh funds will be used for onboarding banks as biller operating units as well as agent institutions on the BBPS network, Plutos ONE said in a press release. Co-founded in 2021 by Rohit Mahajan and Rajjat Gulati, Plutos ONE is licensed and empaneled by NPCI Bharat BillPay Limited (NBBL). It owns and operates a merchant- funded aggregation platform on which it runs card activation solutions for various credit and debit card issuers. Its clients include NPCI, Visa, Punjab National Bank, Kotak Mahindra Bank, IDFC First Bank, Yes Bank, BHIM UPI, BobCards, UCO Bank, Bank of Maharashtra, IDBI Bank and Loylty Rewardz.

Pod hotel startup Naptapgo raises pre-seed round led by IPV

EntrackrEntrackr · 2m ago
Pod hotel startup Naptapgo raises pre-seed round led by IPV
Medial

Pod hotel startup Naptapgo has raised Rs 2 crore ($233K) in its pre-seed round led by Inflection Point Ventures (IPV). The proceeds will be used to expand franchise development, marketing, and technology integration, enabling Naptapgo to scale across urban and religious hubs. Founded by Nitin Malhotra and Himanshu Shukla, the startup offers affordable, compact accommodations targeting budget-conscious travelers. Its unique model includes flexible check-ins, hourly stays, and AI-powered operational efficiency. The company claims to have achieved 65% direct bookings through its website and WhatsApp channel. Currently operating in NCR, Naptapgo plans to expand to Gurugram, Bengaluru, Mumbai, Katra, and Amritsar with a goal of 20 properties by FY27. Nitin Malhotra, previously with Texas Instruments and ST Microelectronics, and Himanshu Shukla, formerly with Chaayos and Jaypee Resorts, bring deep expertise in tech and hospitality to Naptapgo. Naptapgo recently received strategic backing from Balmer Lawrie and an endorsement from Anand Mahindra for its innovative approach to affordable hospitality.

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