Agritech platform Gramophone raises $10-M from Z3Partners, Info Edge, others

Indore-based agritech platform Gramophone has raised USD 10 million (around INR 75 crore) from a clutch of investors, including Z3Partners, for technology development and expansion. Existing investors Info Edge, Asha Impact and Siana Capital have also participated. Other new investors in the round include Amit Sharma from erstwhile Sunrise Group, Sumeet Kanwar from Verity, and Chona Family Office (Havmor Group). The company will use the new funds towards geographic expansion, marketing, technology development and M&A. Gramophone provides agronomy services, input and output products in Madhya Pradesh, Chhattisgarh, Maharashtra, and Rajasthan by way of an e-commerce marketplace.