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News on Medial
Ninjacart revolutionizes India's fresh produce supply chain
Inshorts
·
4m ago
Medial
Ninjacart streamlines India’s fresh produce supply chain by directly connecting farmers to retailers, cutting out middlemen and reducing waste. Using AI-driven logistics, it delivers fresh produce within 12 hours of harvest, ensuring fair pricing and better margins for farmers while providing fresher food and stable prices for retailers, benefiting the entire ecosystem.
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Walmart-Backed Ninjacart Invests In Philippines-Based Mayani
Inc42
·
1y ago
Medial
Walmart-backed agritech company Ninjacart has made a strategic investment in the Philippines-based agri-fisheries startup Mayani. The financial terms of the deal were not disclosed. As part of the partnership, Ninjacart will provide capital, supply chain support, and advisory services to fuel Mayani's growth. The collaboration aims to establish an integrated Asian agri-food supply chain and address food supply gaps in the region. Mayani, which empowers farmers involved in pisciculture, has already impacted the lives of over 10 million farmers. The investment was made through Ninjacart's venture capital arm, Ninja Ventures, as part of its global expansion plans.
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ProducePay raises $38M to tackle produce supply chain waste
Startup News FYI
·
1y ago
Medial
Los Angeles-based startup ProducePay has raised $38 million in a Series D funding round led by Syngenta Group Ventures. The company aims to tackle waste in the produce supply chain by providing transparency and flexibility to fresh produce growers and buyers. ProducePay offers financing solutions and supply chain monitoring tools to help farmers manage operating costs and optimize post-harvest liquidity. The funding will be used to support the company's expansion into Europe, Asia, Africa, and Australia. ProducePay has raised a total of $136 million to date and serves over 60 commodities across 20 countries.
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Wheelocity Raises $15 Mn To Expand Into FMCG Space
Inc42
·
9m ago
Medial
A startup has raised funding to expand its business beyond fresh produce and groceries. The company plans to venture into non-food FMCG items, staples, household essentials, and other discretionary products. Additionally, they intend to improve their technology to offer more efficient and accessible services for their customers. Founded in April 2022, the startup solves supply chain issues for fresh commerce in India and operates on a phygital model to cater to semi-urban and rural consumers.
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Fresh From Farm raises $2 Mn in pre Series A round
Entrackr
·
1y ago
Medial
Fresh From Farm, a B2B2C platform for fresh fruit demand, has raised $2 million in its pre-Series A round led by Ashish Kacholia, founder of Lucky Investments. Inflection Point Ventures also participates in the round. The proceeds will be used for team expansion, tech enhancement, and to introduce new product lines. Fresh From Farm has also provided a partial exit to early investors offering more than 400% returns. Its early investor IPV led Rs 3 crore seed round in the company in November 2022. Founded by Rohit Nagdewani, Fresh From Farm uses a proprietary tech interface to predict and create a demand-supply equilibrium to minimise wastage of fresh produce. Its falgship product F3 converts fruit vendors into mini-franchises and sources, grades and handles fruit for them allowing them to focus on only sales. Fresh From Farm claims to have an ARR of Rs 40 crore with an aim to touch Rs 100 crore by this calendar year end. Other notable startups in the same space include Vegrow and Ninjacart.
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Approved semiconductor projects to produce over 24 billion chips per annum: Official - The Economic Times
Economic Times
·
8d ago
Medial
The Indian government has approved six semiconductor projects, including a wafer fabrication plant by Tata Electronics and five packaging units, set to produce over 24 billion chips annually. These projects, supported by a ₹76,000-crore scheme, aim to boost India's semiconductor ecosystem. Additional Secretary Amitesh Sinha highlighted India's long-term commitment to semiconductors and urged German companies to collaborate. The focus is on developing a supply chain and exploring advanced technologies like 2D materials and graphene.
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Tata Electronics signs tech pact with US chip firm for Dholera fabrication plant
Livemint
·
1y ago
Medial
Tata Electronics has signed an MoU with Synopsys to collaborate on various technological aspects. Synopsys' offerings will be used in Tata Electronics' upcoming semiconductor fabrication plant in Gujarat. The collaboration will involve areas such as factory automation, data analytics, and technology transfer. The partnership aims to offer integrated solutions across the electronics manufacturing value chain. The Dholera fab is expected to produce 3 billion chips per year and cater to various industries including smart appliances, railways, and defense. The partnership could enhance India's semiconductor supply chain and attract clients to the chip fab.
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P&G India launches Rs 300 crore fund to partner with supply chain startups
IndianStartupNews
·
1y ago
Medial
P&G India has announced the launch of a Rs 300 crore fund called the 'P&G Supply Chain Catalyst Fund' to partner with startups and companies in developing solutions for a modern supply chain ecosystem. The fund aims to create a supply chain that is more agile, flexible, transparent, and resilient. The initiative is aligned with India's Gati Shakti initiative and will focus on improving supply chain efficiency, implementing digital solutions, increasing capacity, and promoting sustainability. This investment is part of P&G India's vGROW program, which aims to collaborate with startups and businesses for innovative solutions.
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Walmart announces strategic pilots with India-based startups
Economic Times
·
6m ago
Medial
Walmart has initiated strategic pilots with Indian startups KBCols Sciences, GreenPod Labs, and Cropin to enhance its US supply chain and sourcing operations. These collaborations focus on innovation, enhancing product availability, reducing waste, and promoting sustainability. KBCols produces natural dyes, GreenPod extends produce freshness, and Cropin offers AI-driven crop insights. These pilots aim to improve Walmart's supply chain resilience and customer experience while supporting sustainable practices through Walmart Global Tech's Sparkubate program.
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‘Why import...’: Matching China’s price, an Indian entrepreneur says it’s time to build and beat the best
Business Today
·
4m ago
Medial
An Indian entrepreneur revealed that their company can produce small plastic-heavy appliances at costs comparable to Chinese imports. This development is fueling confidence in India's manufacturing capabilities, challenging global supply chain norms. With local production proving competitive, there is momentum to scale and take bigger risks, aiming for deeper backward integration to surpass China’s pricing. Sectors like electronics, chemicals, and machinery still rely heavily on Chinese imports, contributing to a trade deficit of $22.99 billion in January 2025.
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Agritech startup Superplum raises $15 Mn in Series A round
Entrackr
·
1y ago
Medial
Agritech startup Superplum has raised $15 million in its Series A financing round led by Erik Ragatz, former partner and current senior advisor of private equity firm Hellman & Friedman. Ragatz joins a group of Superplum’s current investors including Mark Siegel, Dan Rose, Steve Jurvetson, Rick Kimball, Binny Bansal, and Kabir Misra. The Noida-based startup closed its pre-Series A round of $3.8 million in June 2021 and has raised close to $22 million to date. The funds will enable Superplum to continue to build out its infrastructure and accelerate its journey to transform produce supply chains in India, the company said in a press release. Started in 2019 by Shobhit Gupta, Superplum has built a direct-from-farm produce supply chain, using proprietary technology and cold-chain infrastructure to improve how produce is grown and brought to market. The company extends shelf lives and enhances fruit quality, reducing food waste and improving farmer incomes. It claims to be India’s first premium fruit brand that provides consumers with superior quality and healthier produce—across mangoes, litchis, apples, grapes, cherries, and plums, among others. The company works with farmers across 22 states in India including Bihar, Kashmir and Karnataka and runs modern sourcing and supply chains for 25 fruits across the year. Superplum sells its produce through Amazon Fresh, Zepto, Swiggy, and Blinkit. Its premium fruits are also available at major retailers such as Spar, Metro, Lulu, Modern Bazaar, More, and Trent as well as grocery stores in NCR and Bengaluru. According to startup data intelligence platform TheKredible, agritech startups saw a sharp fall in investment to $182 million in 2023 from $773 million in 2022 and $635 million in 2021.
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