Private Equity VC Fund Investments
Agritech startup Aqgromalin raises Rs 38-Cr from Sequoia, Omnivore, Zephyr Peacock
Source Inc42 (opens in a new tab)
Chennai-based agritech startup Aqgromalin is raising INR 38.43 crore in a fresh round of funding from Sequoia Capital India, Omnivore and Zephyr Peacock India. The startup will receive INR 27 crore from Sequoia Capital India and INR 5.4 crore and INR 5.5 crore from Omnivore and Zephyr Peacock India.
Aqgromalin aims to increase farmers' income through diversification via ready to implement micro-farms. The startup is working on IoT monitoring solutions for animal husbandry and aquaculture. It is also building a blockchain-based traceability platform for animal husbandry and aquaculture produce.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: In Jul-21, Aqgromalin had raised INR 5.5 crores from Zephyr Peacock. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)