VC Fund Investments
Agri-analytics player Satyukt raises Rs.10-Cr from Nabventures
Bengaluru-based agri-tech startup Satyukt Analytics Pvt Ltd has raised INR 10 crore in a pre-Series A funding round led by Nabventures. The startup uses satellite technology and machine learning to provide SaaS-based advisory services in a direct-to-farmer model. This funding will enable Satyukt to strengthen its sat2farm app, that empowers farmers with data-driven insights and sat2credit app that helps lenders to evaluate a farm's creditworthiness and credit risk. Satyukt will also introduce new products such as sat4agri for agri input companies and sat4risk for agri insurers. Satyukt's technology can measure farm soil nutrient content quickly, enabling stakeholders to assess soil quality on their mobile devices without having to visit the farm.
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